Integrity Alliance LLC. Raises Stock Position in Nucor Corporation $NUE

Key Points

• Integrity Alliance LLC significantly increased its Nucor stake by 191.9% in the fourth quarter, ending with 6,387 shares worth about $1.04 million.
• Nucor reported strong quarterly results, with EPS of $3.23 beating estimates and revenue of $9.50 billion rising 21.3% year over year.
• The company’s board authorized a $4 billion stock buyback, while analysts remain broadly positive with a Moderate Buy consensus and an average price target of $247.50.

Integrity Alliance LLC. boosted its position in shares of Nucor Corporation (NYSE:NUE - Free Report) by 191.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,387 shares of the basic materials company's stock after purchasing an additional 4,199 shares during the period. Integrity Alliance LLC.'s holdings in Nucor were worth $1,042,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Empirical Asset Management LLC raised its stake in Nucor by 2.6% during the fourth quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company's stock worth $347,000 after purchasing an additional 54 shares during the period. Krilogy Financial LLC raised its stake in Nucor by 4.1% during the fourth quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company's stock worth $272,000 after purchasing an additional 61 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Nucor by 3.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company's stock valued at $328,000 after acquiring an additional 69 shares during the last quarter. HUB Investment Partners LLC increased its position in shares of Nucor by 1.9% during the second quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company's stock valued at $531,000 after acquiring an additional 75 shares during the last quarter. Finally, Global Assets Advisory LLC raised its stake in shares of Nucor by 3.0% in the 4th quarter. Global Assets Advisory LLC now owns 2,677 shares of the basic materials company's stock valued at $437,000 after acquiring an additional 77 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Price Performance

Shares of NUE opened at $249.50 on Friday. Nucor Corporation has a fifty-two week low of $106.21 and a fifty-two week high of $250.37. The firm's 50 day moving average price is $202.35 and its 200 day moving average price is $180.53. The company has a market cap of $56.82 billion, a P/E ratio of 24.70, a PEG ratio of 0.65 and a beta of 1.87. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results 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 period in the prior year, the firm earned $0.77 EPS. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. On average, research analysts forecast that Nucor Corporation will post 14.84 earnings per share for the current fiscal year.

Nucor declared that its board has approved a stock repurchase program on Friday, February 20th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the basic materials company to reacquire up to 9.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, EVP Randy J. Spicer sold 2,500 shares of the company's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $225.00, for a total transaction of $562,500.00. Following the sale, the executive vice president directly owned 20,510 shares of the company's stock, valued at $4,614,750. This represents a 10.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Noah C. Hanners sold 6,472 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the sale, the executive vice president directly owned 50,377 shares in the company, valued at approximately $11,410,390.50. The trade was a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 71,818 shares of company stock worth $16,234,593 over the last 90 days. Company insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NUE. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $212.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their price target on shares of Nucor from $213.00 to $244.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. UBS Group downgraded shares of Nucor from a "buy" rating to a "neutral" rating and boosted their price target for the company from $190.00 to $224.00 in a research note on Tuesday, April 28th. Wall Street Zen raised shares of Nucor from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 16th. Finally, Barclays began coverage on shares of Nucor in a research note on Thursday, May 21st. They issued an "overweight" rating and a $270.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $247.50.

More Nucor News

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?

About Nucor

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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