Fisher Asset Management LLC Has $34.47 Million Stock Holdings in Nucor Corporation $NUE

Fisher Asset Management LLC boosted its position in shares of Nucor Corporation (NYSE:NUE) by 8.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 254,510 shares of the basic materials company’s stock after purchasing an additional 20,043 shares during the period. Fisher Asset Management LLC owned 0.11% of Nucor worth $34,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its stake in shares of Nucor by 21.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock valued at $393,000 after buying an additional 568 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Nucor in the first quarter valued at approximately $259,000. Geneos Wealth Management Inc. lifted its stake in Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 153 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Nucor in the second quarter worth approximately $390,000. Finally, Arkadios Wealth Advisors increased its stake in shares of Nucor by 25.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,679 shares of the basic materials company’s stock worth $606,000 after purchasing an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NUE. JPMorgan Chase & Co. lifted their price objective on shares of Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. BNP Paribas Exane boosted their price target on Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Wells Fargo & Company increased their price objective on Nucor from $184.00 to $194.00 and gave the company an “overweight” rating in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.27.

Insider Activity at Nucor

In other Nucor news, EVP Thomas J. Batterbee sold 2,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.28, for a total value of $330,560.00. Following the completion of the sale, the executive vice president directly owned 17,952 shares of the company’s stock, valued at $2,967,106.56. This represents a 10.02% decrease in their position. 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 7,568 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the transaction, the executive vice president owned 67,711 shares in the company, valued at approximately $12,763,523.50. The trade was a 10.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,351 shares of company stock valued at $6,206,158 in the last quarter. Company insiders own 0.71% of the company’s stock.

Nucor Trading Down 1.7%

Nucor stock opened at $177.54 on Wednesday. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $196.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.94. The firm has a market capitalization of $40.44 billion, a PE ratio of 23.55, a PEG ratio of 0.65 and a beta of 1.83. The business’s 50-day simple moving average is $176.46 and its 200-day simple moving average is $157.28.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). Nucor had a net margin of 5.37% and a return on equity of 8.26%. The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same period last year, the business earned $1.22 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, March 31st. Nucor’s dividend payout ratio is presently 29.71%.

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

Nucor Company 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.