Orange Investment Advisors Inc. Cuts Stock Holdings in Nucor Corporation $NUE

Orange Investment Advisors Inc. trimmed its stake in Nucor Corporation (NYSE:NUE) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,391 shares of the basic materials company’s stock after selling 4,249 shares during the period. Orange Investment Advisors Inc.’s holdings in Nucor were worth $3,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in shares of Nucor by 580.9% during the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after acquiring an additional 557,819 shares during the last quarter. Capital World Investors increased its position in shares of Nucor by 20.1% during the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock valued at $412,081,000 after purchasing an additional 509,019 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Nucor by 169.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 779,940 shares of the basic materials company’s stock worth $127,216,000 after acquiring an additional 489,950 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Nucor by 494.5% in the 4th quarter. M&T Bank Corp now owns 434,511 shares of the basic materials company’s stock worth $70,873,000 after acquiring an additional 361,417 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Nucor by 146.9% in the 3rd quarter. Holocene Advisors LP now owns 548,911 shares of the basic materials company’s stock worth $74,339,000 after acquiring an additional 326,572 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Up 0.3%

Shares of Nucor stock opened at $226.46 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 12-month low of $106.21 and a 12-month high of $235.45. The company’s fifty day simple moving average is $194.87 and its two-hundred day simple moving average is $177.19. The company has a market cap of $51.57 billion, a P/E ratio of 22.42, a PEG ratio of 0.61 and a beta of 1.87.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the previous year, the firm posted $0.77 EPS. The business’s revenue was up 21.3% on a year-over-year basis. Research analysts anticipate that Nucor Corporation will post 14.58 EPS for the current year.

Nucor announced that its Board of Directors has approved a share repurchase 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 purchase up to 9.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NUE shares. Seaport Research Partners reaffirmed a “buy” rating and set a $245.00 target price on shares of Nucor in a report on Thursday, April 30th. BNP Paribas Exane boosted their price target on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. KeyCorp assumed coverage on Nucor in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. Jefferies Financial Group lifted their price objective on Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $247.50.

Insider Buying and Selling

In related news, EVP Daniel R. Needham sold 12,888 shares of Nucor stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the sale, the executive vice president directly owned 89,724 shares in the company, valued at $20,277,624. The trade was a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Keller sold 4,554 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $225.86, for a total value of $1,028,566.44. Following the completion of the sale, the insider directly owned 16,834 shares in the company, valued at approximately $3,802,127.24. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 71,818 shares of company stock worth $16,234,593 over the last quarter. Company insiders own 0.62% of the company’s stock.

Nucor Company 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.