MTM Investment Management LLC Takes $116,000 Position in Nucor Corporation $NUE

MTM Investment Management LLC acquired a new stake in shares of Nucor Corporation (NYSE:NUE) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 892 shares of the basic materials company’s stock, valued at approximately $116,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. raised its position in Nucor by 51.4% in the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares during the last quarter. Matrix Trust Co increased its stake in shares of Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after buying an additional 84 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares during the period. Meeder Asset Management Inc. raised its holdings in Nucor by 209.6% in the 1st quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock valued at $50,000 after buying an additional 283 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Nucor by 49.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Performance

NUE stock opened at $147.80 on Monday. The firm has a market cap of $33.93 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $140.46 and a 200-day moving average price of $134.79. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $158.48.

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

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were paid a $0.55 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Nucor’s payout ratio is currently 30.90%.

Insider Activity at Nucor

In related news, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total transaction of $1,049,160.00. Following the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at $14,470,914. This represents a 6.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the transaction, the executive vice president owned 73,661 shares in the company, valued at $11,143,436.08. This represents a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,133 shares of company stock worth $3,624,149 over the last quarter. 0.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NUE. Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. UBS Group increased their price objective on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Bank of America upped their price target on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Morgan Stanley increased their price target on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.20.

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.