Cim Investment Management Inc. Purchases 6,302 Shares of Nucor Corporation $NUE

Cim Investment Management Inc. increased its holdings in Nucor Corporation (NYSE:NUE) by 99.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,625 shares of the basic materials company’s stock after acquiring an additional 6,302 shares during the period. Cim Investment Management Inc.’s holdings in Nucor were worth $1,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NUE. IMA Advisory Services Inc. grew its stake in Nucor by 51.4% in the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Matrix Trust Co boosted its holdings in shares of Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after buying an additional 84 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Nucor in the 2nd quarter worth about $39,000. Geneos Wealth Management Inc. grew its position in Nucor by 81.8% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Nucor by 49.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after buying an additional 147 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nucor

In related news, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total transaction of $303,594.71. Following the sale, the chief financial officer owned 88,174 shares of the company’s stock, valued at approximately $13,364,533.18. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Allen C. Behr sold 9,042 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the completion of the sale, the executive vice president owned 73,661 shares in the company, valued at $11,143,436.08. This represents a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,045 shares of company stock valued at $2,720,628. Corporate insiders own 0.46% of the company’s stock.

Nucor Price Performance

Nucor stock opened at $164.93 on Friday. The firm has a market capitalization of $37.75 billion, a P/E ratio of 23.16, a PEG ratio of 1.19 and a beta of 1.85. Nucor Corporation has a one year low of $97.59 and a one year high of $168.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The business has a fifty day moving average price of $148.14 and a 200-day moving average price of $140.58.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, equities research analysts forecast that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, December 31st. Nucor’s dividend payout ratio (DPR) is 30.90%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NUE. Morgan Stanley boosted their target price on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group upped their price objective on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. increased their price objective on Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, Bank of America increased their price target on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.70.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.