Nucor Corporation $NUE Stock Holdings Increased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its holdings in shares of Nucor Corporation (NYSE:NUE) by 120.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,806 shares of the basic materials company’s stock after acquiring an additional 4,806 shares during the period. Foundations Investment Advisors LLC’s holdings in Nucor were worth $1,436,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Empirical Asset Management LLC raised its stake in Nucor by 2.6% during the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock valued at $347,000 after acquiring an additional 54 shares in the last quarter. Krilogy Financial LLC raised its stake in Nucor by 4.1% during the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 61 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in Nucor by 3.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company’s stock valued at $328,000 after acquiring an additional 69 shares in the last quarter. HUB Investment Partners LLC raised its stake in Nucor by 1.9% during the 2nd quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock valued at $531,000 after acquiring an additional 75 shares in the last quarter. Finally, Global Assets Advisory LLC raised its stake in Nucor by 3.0% during the 4th quarter. Global Assets Advisory LLC now owns 2,677 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Activity at Nucor

In other news, insider Michael D. Keller sold 4,554 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $225.86, for a total transaction of $1,028,566.44. Following the sale, the insider directly owned 16,834 shares of the company’s stock, valued at $3,802,127.24. The trade was a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Allen C. Behr sold 10,096 shares of Nucor stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total value of $2,282,503.68. Following the transaction, the executive vice president owned 62,871 shares in the company, valued at $14,213,875.68. This represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,818 shares of company stock valued at $16,234,593 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Nucor Stock Up 0.3%

Shares of Nucor stock opened at $250.06 on Friday. The stock’s fifty day moving average is $204.13 and its 200-day moving average is $181.02. The firm has a market capitalization of $56.95 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.87. The company has a quick ratio of 1.55, a current ratio of 2.90 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 $251.39.

Nucor (NYSE:NUE) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.Nucor’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities analysts anticipate that Nucor Corporation will post 14.84 earnings per share for the current year.

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

Analyst Ratings Changes

Several brokerages have weighed in on NUE. Bank of America lifted their target price on Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. KeyCorp began coverage on Nucor in a research note on Wednesday, March 25th. They issued a “sector weight” rating on the stock. BMO Capital Markets boosted their price objective on Nucor from $196.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Barclays began coverage on Nucor in a research note on Thursday, May 21st. They issued an “overweight” rating and a $270.00 price objective on the stock. Finally, Jefferies Financial Group boosted their price objective on Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and an average price target of $247.50.

About Nucor

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.