Los Angeles Capital Management LLC Invests $1.69 Million in Nucor Corporation $NUE

Los Angeles Capital Management LLC bought a new stake in shares of Nucor Corporation (NYSE:NUE) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 13,037 shares of the basic materials company’s stock, valued at approximately $1,689,000.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC raised its position in shares of Nucor by 38.9% during the first quarter. Cerity Partners LLC now owns 26,752 shares of the basic materials company’s stock valued at $3,219,000 after buying an additional 7,491 shares during the last quarter. Ballentine Partners LLC increased its stake in Nucor by 62.1% during the first quarter. Ballentine Partners LLC now owns 2,803 shares of the basic materials company’s stock valued at $337,000 after acquiring an additional 1,074 shares during the period. New York State Common Retirement Fund increased its stake in Nucor by 9.7% during the first quarter. New York State Common Retirement Fund now owns 130,609 shares of the basic materials company’s stock valued at $15,717,000 after acquiring an additional 11,500 shares during the period. Stephens Inc. AR raised its holdings in Nucor by 30.4% in the 1st quarter. Stephens Inc. AR now owns 11,027 shares of the basic materials company’s stock valued at $1,327,000 after acquiring an additional 2,572 shares in the last quarter. Finally, Florida Financial Advisors LLC lifted its position in shares of Nucor by 23.6% in the 1st quarter. Florida Financial Advisors LLC now owns 2,308 shares of the basic materials company’s stock worth $278,000 after acquiring an additional 441 shares during the period. 76.48% of the stock is owned by institutional investors.

Insider Activity at Nucor

In other news, EVP Daniel R. Needham sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $146.00, for a total value of $1,051,200.00. Following the completion of the transaction, the executive vice president owned 92,179 shares in the company, valued at $13,458,134. This represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Rex Query sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the transaction, the executive vice president directly owned 84,080 shares of the company’s stock, valued at $12,183,192. This represents a 10.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,333 shares of company stock valued at $5,075,189 over the last 90 days. Insiders own 0.46% of the company’s stock.

Nucor Stock Up 0.9%

Shares of NYSE:NUE opened at $143.99 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The stock has a market cap of $33.05 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.14 and a beta of 1.80. The company has a 50 day moving average of $140.36 and a 200-day moving average of $134.18. Nucor Corporation has a one year low of $97.59 and a one year high of $158.48.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, sell-side analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NUE. UBS Group boosted their price objective on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $170.00 in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Nucor from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Bank of America increased their price target on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.30.

Nucor Company Profile

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.