Nucor Corporation $NUE Holdings Raised by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Nucor by 15.9% in Q3 to 107,302 shares, acquiring an additional 14,713 shares valued at about $14.53 million.
• Nucor's board approved a $4.0 billion share buyback (up to 9.7% of shares) and declared a quarterly dividend of $0.56 per share (annualized $2.24, ~1.4% yield).
• Nucor missed quarterly estimates with $1.73 EPS vs. $1.91 expected and $7.69B revenue vs. $7.93B expected, the stock has traded lower recently, and analysts hold a consensus "Moderate Buy" with an average price target of $187.90.

Natixis Advisors LLC increased its stake in Nucor Corporation (NYSE:NUE - Free Report) by 15.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,302 shares of the basic materials company's stock after purchasing an additional 14,713 shares during the quarter. Natixis Advisors LLC's holdings in Nucor were worth $14,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AXS Investments LLC purchased a new position in shares of Nucor in the third quarter worth approximately $37,000. Vision Financial Markets LLC lifted its position in shares of Nucor by 281.7% in the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Nucor in the 2nd quarter valued at approximately $39,000. Caitlin John LLC acquired a new position in Nucor in the 3rd quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company's stock worth $41,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 76.48% of the company's stock.

Insider Transactions at Nucor

In related news, EVP Allen C. Behr sold 7,568 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total value of $1,426,568.00. Following the completion of the sale, the executive vice president owned 67,711 shares of the company's stock, valued at approximately $12,763,523.50. The trade was a 10.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Rex Query sold 7,452 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total value of $1,460,741.04. Following the completion of the transaction, the executive vice president owned 76,628 shares in the company, valued at $15,020,620.56. This represents a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 34,351 shares of company stock valued at $6,206,158. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on NUE. Wall Street Zen downgraded shares of Nucor from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. BNP Paribas Exane raised their target price on Nucor from $165.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, January 2nd. UBS Group lowered Nucor from a "buy" rating to a "neutral" rating and set a $183.00 price target on the stock. in a research report on Wednesday, January 28th. Seaport Research Partners increased their price objective on Nucor from $170.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Finally, Wells Fargo & Company raised their price objective on Nucor from $184.00 to $194.00 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Nucor has an average rating of "Moderate Buy" and an average price target of $187.90.

Nucor Trading Down 3.6%

Shares of NYSE:NUE opened at $165.64 on Friday. The firm has a fifty day moving average of $177.31 and a two-hundred day moving average of $158.35. The firm has a market capitalization of $37.73 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 0.62 and a beta of 1.83. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $196.90. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts' consensus estimates of $1.91 by ($0.18). Nucor had a return on equity of 8.26% and a net margin of 5.37%.The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same period last year, the company posted $1.22 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

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

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor's dividend payout ratio is presently 29.71%.

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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