Mitsubishi UFJ Asset Management Co. Ltd. Has $86.35 Million Stock Holdings in Nucor Corporation $NUE

Key Points

• Mitsubishi UFJ Asset Management raised its stake in Nucor by 2.7% to 509,711 shares, valued at about $86.35 million (≈0.22% of the company).
• Nucor beat Q1 expectations — EPS $3.23 vs. $2.82 and revenue $9.50 billion (up 21.3% YoY) — and the board authorized a $4.0 billion share buyback while declaring a quarterly $0.56 dividend.
• Despite analyst price‑target increases (consensus ~ $243.80), insiders have sold a notable amount — 76,770 shares worth about $17.13 million in the last 90 days — which has contributed to short‑term selling pressure.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Nucor Corporation (NYSE:NUE - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 509,711 shares of the basic materials company's stock after buying an additional 13,170 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of Nucor worth $86,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Krilogy Financial LLC lifted its position in shares of Nucor by 4.1% during the fourth quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 61 shares in the last quarter. Rosenberg Matthew Hamilton lifted 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 purchasing an additional 69 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Nucor by 5.6% during the third quarter. Whittier Trust Co. now owns 1,330 shares of the basic materials company's stock valued at $184,000 after purchasing an additional 70 shares in the last quarter. HUB Investment Partners LLC lifted 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 purchasing an additional 75 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Nucor by 23.2% in the third quarter. Versant Capital Management Inc now owns 425 shares of the basic materials company's stock worth $58,000 after acquiring an additional 80 shares during the period. 76.48% of the stock is owned by institutional investors.

Nucor Trading Down 3.3%

Shares of NUE opened at $226.60 on Friday. The firm has a market cap of $51.58 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.67 and a beta of 1.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. Nucor Corporation has a fifty-two week low of $106.21 and a fifty-two week high of $235.44. The firm has a 50 day moving average price of $184.10 and a 200-day moving average price of $171.28.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $8.88 billion. During the same period in the previous year, the business posted $0.77 EPS. The business's quarterly revenue was up 21.3% on a year-over-year basis. As a group, equities research analysts forecast that Nucor Corporation will post 13.64 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, March 31st. Nucor's dividend payout ratio is currently 22.18%.

Nucor declared that its Board of Directors has initiated a share buyback plan on Friday, February 20th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 9.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Q1 beat and revenue strength — Nucor posted an EPS beat and ~21% YoY revenue growth, which improves near‑term earnings visibility and supports higher analyst targets.
• Positive Sentiment: Share repurchase and dividend — the board authorized a $4.0B buyback (~9.7% of shares) and maintains a quarterly dividend ($0.56), both shareholder‑friendly moves that can sustain buy‑side interest. Buyback article
• Positive Sentiment: Analyst momentum — multiple brokers have raised price targets (consensus target ~$243.80), which supports upside expectations despite the rally. BNP Paribas raises price target
• Neutral Sentiment: Solid fundamentals & institutional ownership — modest leverage (D/E ~0.30), healthy liquidity and ~76% institutional ownership reduce the odds of a prolonged sell‑off, though they also limit dramatic volatility in either direction.
• Negative Sentiment: Cluster of insider sales — several executives have sold sizeable positions in early May (including EVP David Sumoski, Daniel Needham, Noah Hanners, Allen Behr, Michael Keller). The concentration of sales is fueling headlines and likely prompted some intra‑day selling pressure. See SEC filing for Sumoski. Form 4 — Sumoski
• Negative Sentiment: Broader insider‑selling coverage — multiple outlets note the wave of insider trimming, which can be interpreted as executives locking gains after the steep one‑year rally. TipRanks — insider sales summary InsiderTrades — Keller sale

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NUE shares. BMO Capital Markets lifted their target price on shares of Nucor from $196.00 to $235.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. Citigroup lifted their target price on shares of Nucor from $180.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Nucor from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. The Goldman Sachs Group lifted their target price on shares of Nucor from $240.00 to $260.00 in a research note on Friday, May 1st. Finally, Bank of America lifted their target price on shares of Nucor from $190.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.80.

Insider Activity at Nucor

In related news, EVP Allen C. Behr sold 10,096 shares of the company's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the sale, the executive vice president directly owned 62,871 shares in the company, valued at $14,213,875.68. This represents a 13.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bradley Ford sold 2,240 shares of the company's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total transaction of $519,971.20. Following the sale, the executive vice president owned 43,649 shares of the company's stock, valued at $10,132,242.37. This represents a 4.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 76,770 shares of company stock worth $17,132,834 over the last ninety days. Insiders own 0.62% of the company's stock.

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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