PensionDanmark Pensionsforsikringsaktieselskab Purchases 8,115 Shares of Nucor Corporation $NUE

PensionDanmark Pensionsforsikringsaktieselskab lifted its position in shares of Nucor Corporation (NYSE:NUE) by 51.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 23,955 shares of the basic materials company’s stock after purchasing an additional 8,115 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Nucor were worth $5,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stance Capital LLC bought a new position in Nucor in the third quarter valued at about $25,000. Strive Financial Group LLC acquired a new stake in shares of Nucor during the fourth quarter valued at about $27,000. Motiv8 Investments LLC bought a new stake in shares of Nucor during the fourth quarter worth about $32,000. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Nucor by 49.2% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 63 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Nucor in the fourth quarter valued at approximately $32,000. Institutional investors own 76.48% of the company’s stock.

Insider Activity

In other news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the sale, the executive vice president directly owned 97,865 shares in the company, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Randy J. Spicer sold 2,500 shares of Nucor stock in a transaction on Monday, May 18th. The stock was sold at an average price of $225.00, for a total transaction of $562,500.00. Following the transaction, the executive vice president directly owned 20,510 shares of the company’s stock, valued at $4,614,750. This represents a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 21,028 shares of company stock valued at $5,355,535. Company insiders own 0.62% of the company’s stock.

Nucor Price Performance

Shares of NUE opened at $272.89 on Monday. The business has a 50-day moving average of $245.67 and a 200-day moving average of $211.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The company has a market capitalization of $62.15 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 0.60 and a beta of 1.89. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $280.11.

Nucor (NYSE:NUE) last announced its earnings results on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, beating the consensus estimate of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 earnings per share. As a group, equities research analysts anticipate that Nucor Corporation will post 18.02 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio is currently 17.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NUE shares. Wall Street Zen upgraded shares of Nucor from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Bank of America reduced their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. CICC Research assumed coverage on shares of Nucor in a research report on Monday, May 25th. They issued an “outperform” rating for the company. BNP Paribas Exane raised their price target on shares of Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets lifted their price target on shares of Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.31.

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.