Nucor Corporation $NUE Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors trimmed its stake in Nucor by 17.1% in Q3, selling 545,410 shares and now holds 2,649,660 shares (about 1.15% of the company) valued at roughly $358.9 million.
• Nucor's Board authorized a $4.00 billion share buyback (up to 9.7% of shares) and declared a quarterly dividend of $0.56 per share (annualized $2.24, ~1.3% yield), signaling management confidence in the stock.
• The company reported quarterly EPS of $1.73, missing analysts' consensus by $0.18, with revenue of $7.69 billion also below estimates, though revenue rose 8.6% year-over-year.

Dimensional Fund Advisors LP decreased its stake in Nucor Corporation (NYSE:NUE - Free Report) by 17.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,649,660 shares of the basic materials company's stock after selling 545,410 shares during the period. Dimensional Fund Advisors LP owned 1.15% of Nucor worth $358,851,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in Nucor by 21.1% in the first quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company's stock valued at $393,000 after buying an additional 568 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Nucor in the 1st quarter worth about $259,000. Geneos Wealth Management Inc. lifted its position in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 153 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Nucor during the 2nd quarter valued at about $390,000. Finally, Prosperity Consulting Group LLC acquired a new position in Nucor during the 2nd quarter valued at about $265,000. 76.48% of the stock is currently owned by institutional investors.

Nucor Trading Down 2.3%

Shares of Nucor stock opened at $172.03 on Friday. The business has a fifty day simple moving average of $176.86 and a 200-day simple moving average of $157.51. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $196.90. The firm has a market cap of $39.18 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 0.63 and a beta of 1.83. 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 released its earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share (EPS) 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 firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. Nucor's revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.24 annualized dividend and a yield of 1.3%. Nucor's dividend payout ratio is currently 29.71%.

Nucor declared that its Board of Directors has authorized a share buyback program on Friday, February 20th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NUE has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Nucor from $184.00 to $194.00 and gave the company an "overweight" rating in a research note on Monday. Wall Street Zen upgraded Nucor from a "hold" rating to a "buy" rating in a research report on Saturday, January 31st. BNP Paribas Exane boosted their price target on Nucor from $165.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, January 2nd. Morgan Stanley reissued an "equal weight" rating and issued a $180.00 price target (up from $165.00) on shares of Nucor in a research note on Friday, January 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Nucor in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.80.

Insider Buying and Selling at Nucor

In other news, EVP Allen C. Behr sold 7,568 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the completion of the sale, the executive vice president owned 67,711 shares in the company, valued at approximately $12,763,523.50. This represents a 10.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Rex Query sold 7,452 shares of Nucor stock in a transaction 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. The trade was a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 34,351 shares of company stock valued at $6,206,158. 0.46% of the stock is currently owned by corporate 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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