AlphaQuest LLC Has $1.34 Million Holdings in Nucor Corporation $NUE

AlphaQuest LLC raised its stake in Nucor Corporation (NYSE:NUE) by 85.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,207 shares of the basic materials company’s stock after acquiring an additional 3,792 shares during the quarter. AlphaQuest LLC’s holdings in Nucor were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Stance Capital LLC bought a new position in Nucor in the 3rd quarter worth approximately $25,000. AXS Investments LLC acquired a new stake in shares of Nucor in the 3rd quarter valued at $37,000. Vision Financial Markets LLC increased its stake in shares of Nucor by 281.7% in the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after buying an additional 200 shares during the period. Caitlin John LLC acquired a new stake in shares of Nucor in the 3rd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Nucor by 81.8% in the 1st 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. Institutional investors own 76.48% of the company’s stock.

Insider Activity

In related news, EVP Daniel R. Needham sold 12,888 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the completion of the transaction, the executive vice president owned 89,724 shares in the company, valued at approximately $20,277,624. The trade was a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the transaction, the executive vice president owned 62,871 shares of the company’s stock, valued at approximately $14,213,875.68. This represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 71,818 shares of company stock valued at $16,234,593. 0.62% of the stock is currently owned by company insiders.

Nucor Stock Up 1.2%

Shares of Nucor stock opened at $249.50 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.90 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 $250.37. The business has a fifty day simple moving average of $202.35 and a 200 day simple moving average of $180.53. The stock has a market cap of $56.82 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 0.65 and a beta of 1.87.

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

Nucor declared that its board has initiated a share repurchase plan on Friday, February 20th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the basic materials company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen raised Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. CICC Research began coverage on shares of Nucor in a research report on Monday. They set an “outperform” rating for the company. Barclays began coverage on shares of Nucor in a research report on Thursday, May 21st. They set an “overweight” rating and a $270.00 price target for the company. Seaport Research Partners reiterated a “buy” rating and set a $245.00 price target on shares of Nucor in a research report on Thursday, April 30th. Finally, Bank of America lifted their price target on shares of Nucor from $190.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $247.50.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research increased its earnings estimates for Nucor across several future periods, signaling improving profit expectations and supporting the stock’s valuation.
• Positive Sentiment: Analysts continue to view Nucor favorably, with the company receiving a consensus Moderate Buy recommendation, reinforcing upbeat sentiment around the name. Nucor Corporation (NYSE:NUE) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Coverage focused on why Nucor has risen since its last earnings report, with the implication that investor optimism is being driven by stronger earnings expectations rather than a new company announcement. Why Is Nucor (NUE) Up 6.7% Since Last Earnings Report?
• Neutral Sentiment: Another market note also highlighted the stock’s post-earnings strength and rising estimates, reinforcing the same positive earnings-driven narrative. Why Is Nucor (NUE) Up 6.7% Since Last Earnings Report?

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.