Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 26,700 Shares of Nucor Corporation $NUE

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Nucor Corporation (NYSE:NUE) by 55.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,786 shares of the basic materials company’s stock after buying an additional 26,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Nucor were worth $12,198,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Stance Capital LLC bought a new position in Nucor in the third quarter valued at about $25,000. Vision Financial Markets LLC increased its position in Nucor by 281.7% in the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 200 shares during the period. Caitlin John LLC bought a new stake in Nucor during the 3rd quarter worth about $41,000. Geneos Wealth Management Inc. raised its holdings in Nucor by 81.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 153 shares during the last quarter. Finally, Ares Financial Consulting LLC acquired a new position in Nucor during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

NUE has been the topic of several recent research reports. BNP Paribas Exane raised their target price 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. UBS Group lowered shares of Nucor from a “buy” rating to a “neutral” rating and increased their price objective for the company from $190.00 to $224.00 in a report on Tuesday, April 28th. Zacks Research raised shares of Nucor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. KeyCorp began coverage on shares of Nucor in a report on Wednesday, March 25th. They set a “sector weight” rating for the company. Finally, Bank of America upped their target price on shares of Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.67.

Insider Buying and Selling

In related news, EVP Randy J. Spicer sold 2,500 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $225.00, for a total value of $562,500.00. Following the completion of the sale, the executive vice president owned 20,510 shares in the company, valued at $4,614,750. This represents a 10.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bradley Ford sold 2,240 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total value of $519,971.20. Following the sale, the executive vice president directly owned 43,649 shares in the company, valued at $10,132,242.37. The trade was a 4.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is owned by company insiders.

Nucor Stock Performance

Shares of NUE stock opened at $254.14 on Friday. The stock has a market cap of $57.88 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 0.67 and a beta of 1.88. The stock has a 50-day moving average of $213.65 and a 200-day moving average of $184.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. Nucor Corporation has a one year low of $115.66 and a one year high of $264.67.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.41. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. Nucor’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. As a group, sell-side analysts expect that Nucor Corporation will post 14.84 earnings per share for the current year.

Nucor announced that its Board of Directors has approved a stock buyback program 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.