Navellier & Associates Inc. Makes New Investment in Nucor Corporation $NUE

Navellier & Associates Inc. bought a new position in Nucor Corporation (NYSE:NUE) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 28,542 shares of the basic materials company’s stock, valued at approximately $4,655,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NUE. Stance Capital LLC purchased a new position in shares of Nucor in the third quarter valued at about $25,000. AXS Investments LLC bought a new stake in Nucor during the third quarter worth approximately $37,000. Vision Financial Markets LLC increased its stake in Nucor by 281.7% during the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 200 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in Nucor during the fourth quarter worth approximately $45,000. Finally, Caitlin John LLC bought a new stake in Nucor during the third quarter worth approximately $41,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NUE. JPMorgan Chase & Co. upped their target price on Nucor from $212.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets upped their target price on Nucor from $196.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. KeyCorp initiated coverage on Nucor in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Finally, Morgan Stanley raised their target price on Nucor from $180.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Nucor has an average rating of “Moderate Buy” and an average target price of $243.80.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analyst upgrades and higher targets — BNP Paribas Exane raised its price target to $248 and kept an “outperform” rating; other firms (Citigroup, Jefferies, Seaport) have also lifted targets recently, supporting upside expectations.
• Positive Sentiment: Strong earnings push — Nucor beat Q1 estimates (EPS $3.23 vs. $2.82 expected) and reported revenue growth of ~21% YoY, which underpins analyst upgrades and higher valuations.
• Positive Sentiment: Buybacks and dividend support — board authorized a $4.0B share‑repurchase program and the company pays a dividend (annualized $2.24), both of which are shareholder‑friendly capital allocation moves that can lift the stock.
• Neutral Sentiment: Institutional ownership & fundamentals — ~76% institutional ownership, modest leverage (D/E ~0.30) and solid liquidity ratios; these factors reduce headline volatility but limit surprise flows.
• Negative Sentiment: Insider sale — EVP David A. Sumoski sold 33,068 shares at about $225.67 on Apr 30, reducing his position by ~12%. Form 4 — Sumoski
• Negative Sentiment: Insider sale — EVP Daniel R. Needham sold 12,888 shares at about $226.00 on May 1, trimming his stake by ~12.6%. Form 4 — Needham
• Negative Sentiment: Insider sale — EVP Noah C. Hanners sold 6,472 shares at about $226.50 on May 1, an ~11.4% ownership reduction for him. Form 4 — Hanners

Insider Transactions at Nucor

In related news, EVP Noah C. Hanners sold 6,472 shares of Nucor stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $226.50, for a total value of $1,465,908.00. Following the sale, the executive vice president directly owned 50,377 shares in the company, valued at approximately $11,410,390.50. The trade was a 11.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel R. Needham sold 12,888 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.00, for a total value of $2,912,688.00. Following the transaction, the executive vice president owned 89,724 shares in the company, valued at approximately $20,277,624. This represents a 12.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 59,880 shares of company stock valued at $13,301,793. 0.62% of the stock is currently owned by corporate insiders.

Nucor Trading Up 2.8%

NUE stock opened at $232.11 on Wednesday. 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 $233.74. The stock has a market cap of $52.84 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.65 and a beta of 1.87. The business’s 50-day moving average is $181.96 and its 200 day moving average is $169.89.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping 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 company 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. Nucor’s revenue was up 21.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Nucor Corporation will post 13.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, March 31st. Nucor’s payout ratio is presently 22.18%.

Nucor declared that its Board of Directors has authorized a stock buyback program on Friday, February 20th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Nucor 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.