Horrell Capital Management Inc. Purchases 597 Shares of Nucor Corporation $NUE

Horrell Capital Management Inc. increased its position in shares of Nucor Corporation (NYSE:NUE) by 2.2% during the second quarter, HoldingsChannel reports. The fund owned 27,537 shares of the basic materials company’s stock after buying an additional 597 shares during the quarter. Nucor comprises about 1.5% of Horrell Capital Management Inc.’s portfolio, making the stock its 21st largest holding. Horrell Capital Management Inc.’s holdings in Nucor were worth $3,567,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NUE. Vanguard Group Inc. boosted its stake in shares of Nucor by 2.6% during the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Nucor by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock valued at $277,920,000 after buying an additional 355,364 shares during the period. Nordea Investment Management AB boosted its position in Nucor by 10.6% during the 2nd quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock worth $244,059,000 after buying an additional 177,420 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Nucor by 5.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company’s stock worth $213,342,000 after buying an additional 92,363 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Nucor during the first quarter valued at $194,804,000. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Up 0.9%

Nucor stock opened at $143.99 on Wednesday. The company has a market capitalization of $33.05 billion, a PE ratio of 20.22, a PEG ratio of 1.14 and a beta of 1.80. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $158.48. The firm’s fifty day moving average is $140.36 and its 200 day moving average is $134.18. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.33. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, sell-side analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Nucor’s dividend payout ratio is 30.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NUE shares. The Goldman Sachs Group cut their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Wells Fargo & Company increased their target price on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Finally, UBS Group lifted their target price on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Nucor presently has an average rating of “Moderate Buy” and an average price target of $164.30.

Insiders Place Their Bets

In other news, EVP Daniel R. Needham sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the completion of the sale, the executive vice president owned 92,179 shares in the company, valued at $13,458,134. The trade was a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael D. Keller sold 6,088 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $148.41, for a total value of $903,520.08. Following the transaction, the insider directly owned 22,464 shares in the company, valued at $3,333,882.24. The trade was a 21.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 34,333 shares of company stock valued at $5,075,189. 0.46% of the stock is currently owned by corporate insiders.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.