IFG Advisory LLC Purchases 10,366 Shares of Nucor Corporation $NUE

Key Points

• IFG Advisory LLC more than doubled its Nucor position in the fourth quarter, buying an additional 10,366 shares and bringing its total holdings to 20,561 shares worth about $3.35 million.
• Institutional ownership remains heavy, with firms like Vanguard, Capital World Investors, and Nordea also increasing stakes; overall, 76.48% of Nucor’s stock is owned by institutions.
• Analysts are broadly bullish on Nucor after its strong earnings beat, with a consensus Moderate Buy rating and an average price target of $247.50, while the company also has a $4 billion share repurchase authorization in place.

IFG Advisory LLC grew its position in Nucor Corporation (NYSE:NUE - Free Report) by 101.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,561 shares of the basic materials company's stock after purchasing an additional 10,366 shares during the quarter. IFG Advisory LLC's holdings in Nucor were worth $3,354,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Nucor by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company's stock worth $4,633,554,000 after acquiring an additional 144,038 shares in the last quarter. Capital World Investors boosted its stake in Nucor by 20.1% during the third quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company's stock worth $412,081,000 after acquiring an additional 509,019 shares in the last quarter. Nordea Investment Management AB boosted its stake in Nucor by 11.1% during the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company's stock worth $342,642,000 after acquiring an additional 210,577 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Nucor by 2.4% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,685,250 shares of the basic materials company's stock worth $228,233,000 after acquiring an additional 38,990 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Nucor by 1.2% during the fourth quarter. Legal & General Group Plc now owns 1,650,305 shares of the basic materials company's stock worth $269,181,000 after acquiring an additional 19,319 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research increased its earnings estimates for Nucor across several future periods, signaling improving profit expectations and supporting the stock’s valuation.
• Positive Sentiment: Analysts continue to view Nucor favorably, with the company receiving a consensus Moderate Buy recommendation, reinforcing upbeat sentiment around the name. Nucor Corporation NYSE: NUE Receives Consensus Recommendation of "Moderate Buy" from Analysts
• Neutral Sentiment: Coverage focused on why Nucor has risen since its last earnings report, with the implication that investor optimism is being driven by stronger earnings expectations rather than a new company announcement. Why Is Nucor (NUE) Up 6.7% Since Last Earnings Report?
• Neutral Sentiment: Another market note also highlighted the stock’s post-earnings strength and rising estimates, reinforcing the same positive earnings-driven narrative. Why Is Nucor (NUE) Up 6.7% Since Last Earnings Report?

Wall Street Analysts Forecast Growth

NUE has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Nucor from $212.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. CICC Research initiated coverage on shares of Nucor in a research note on Monday. They set an "outperform" rating on the stock. KeyCorp initiated coverage on shares of Nucor in a research note on Wednesday, March 25th. They set a "sector weight" rating on the stock. Wall Street Zen upgraded shares of Nucor from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 16th. Finally, Seaport Research Partners restated a "buy" rating and set a $245.00 price objective on shares of Nucor in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $247.50.

Nucor Stock Performance

NUE opened at $249.50 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The company's fifty day moving average price is $202.35 and its two-hundred day moving average price is $180.53. Nucor Corporation has a 1-year low of $106.21 and a 1-year high of $250.37. The company has a market cap of $56.82 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.65 and a beta of 1.87.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The business's revenue was up 21.3% on a year-over-year basis. On average, analysts expect that Nucor Corporation will post 14.84 EPS for the current fiscal year.

Nucor announced that its Board of Directors has approved a stock buyback plan on Friday, February 20th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Michael D. Keller sold 4,554 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $225.86, for a total value of $1,028,566.44. Following the completion of the sale, the insider owned 16,834 shares in the company, valued at $3,802,127.24. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bradley Ford sold 2,240 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total transaction of $519,971.20. Following the completion of the sale, the executive vice president owned 43,649 shares of the company's stock, valued at approximately $10,132,242.37. This represents a 4.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,818 shares of company stock valued at $16,234,593 over the last 90 days. 0.62% of the stock is currently owned by company insiders.

Nucor Profile

Nucor Corporation NYSE: NUE is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor's operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.

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