Kinetic Partners Management LP Purchases Shares of 170,700 Nucor Corporation $NUE

Kinetic Partners Management LP bought a new position in Nucor Corporation (NYSE:NUE - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 170,700 shares of the basic materials company's stock, valued at approximately $38,023,000. Nucor comprises about 0.9% of Kinetic Partners Management LP's holdings, making the stock its 23rd largest position. Kinetic Partners Management LP owned about 0.08% of Nucor at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NUE. Stance Capital LLC bought a new stake in shares of Nucor in the 3rd quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in shares of Nucor during the 2nd quarter valued at approximately $27,000. Strive Financial Group LLC purchased a new stake in Nucor during the 4th quarter valued at $27,000. Bell Investment Advisors Inc purchased a new stake in Nucor during the 2nd quarter valued at $28,000. Finally, Motiv8 Investments LLC bought a new stake in Nucor in the fourth quarter worth $32,000. Institutional investors own 76.48% of the company's stock.

Nucor Trading Up 1.3%

NUE stock opened at $247.78 on Wednesday. The company has a market capitalization of $56.22 billion, a PE ratio of 19.76, a P/E/G ratio of 0.91 and a beta of 1.89. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11. The firm's 50-day moving average is $246.35 and its 200 day moving average is $217.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.38. The company had revenue of $10.40 billion during the quarter, compared to analysts' expectations of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The firm's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 EPS. On average, research analysts anticipate that Nucor Corporation will post 17.95 EPS for the current year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were issued a $0.56 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. Nucor's payout ratio is presently 17.86%.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Wolfe Research maintained its Buy rating on Nucor, reinforcing the bullish analyst view of the steelmaker. Wolfe Research Sticks to Its Buy Rating for Nucor
• Positive Sentiment: Nucor was highlighted as a beneficiary of a broad metals-sector rally. Investors are also emphasizing its electric-arc-furnace operations, which are primarily U.S.-based and less exposed to tariff-burdened imports, as well as infrastructure-driven steel demand and its 52-year record of dividend increases. Nucor On The Radar As A Broad Metals Rally Lifts The Sector
• Positive Sentiment: The breakdown in U.S.-Canada trade discussions put steel tariffs back in focus, prompting gains across U.S. steel producers, including Nucor. The market is interpreting higher trade barriers as potential support for domestic steel prices, demand, and margins. Steel Stocks Jump as U.S.-Canada Tariff Fight Escalates
• Neutral Sentiment: Wells Fargo lowered its Nucor price target from $297 to $285 but retained an Overweight rating. The reduced target tempers the bullish outlook, while still indicating expected upside from the referenced share price.
• Neutral Sentiment: Recent coverage characterized Nucor’s rebound as a recovery from tariff-related volatility. While protectionist policy may improve its competitive position, changing trade policy and retaliation risks could produce sharp price swings. Nucor Shares Rebound After Tariff-Driven Volatility

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NUE. Seaport Research Partners boosted their price objective on shares of Nucor from $245.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. BNP Paribas Exane raised their target price on shares of Nucor from $210.00 to $248.00 and gave the stock an "outperform" rating in a report on Monday, May 4th. Zacks Research cut shares of Nucor from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. CICC Research started coverage on shares of Nucor in a report on Monday, May 25th. They set an "outperform" rating on the stock. Finally, Citigroup reissued a "buy" rating on shares of Nucor in a research report on Wednesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $272.38.

Insider Buying and Selling

In related news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total value of $2,729,337.60. Following the transaction, the executive vice president owned 97,865 shares of the company's stock, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen D. Laxton sold 3,968 shares of the firm's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,528 shares of company stock valued at $4,793,035 over the last quarter. 0.62% of the stock is owned by corporate insiders.

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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