Daiwa Securities Group Inc. Increases Stake in Nucor Corporation $NUE

Daiwa Securities Group Inc. increased its position in shares of Nucor Corporation (NYSE:NUE) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,338 shares of the basic materials company’s stock after buying an additional 2,882 shares during the period. Daiwa Securities Group Inc.’s holdings in Nucor were worth $12,615,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NUE. Integrated Wealth Concepts LLC increased its stake in shares of Nucor by 21.1% during the first 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 during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Nucor during the first quarter valued at $259,000. Geneos Wealth Management Inc. increased its stake in shares of 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. Sivia Capital Partners LLC purchased a new position in shares of Nucor during the second quarter valued at $390,000. Finally, Cerity Partners LLC increased its stake in shares of Nucor by 51.9% during the second quarter. Cerity Partners LLC now owns 40,629 shares of the basic materials company’s stock valued at $5,263,000 after buying an additional 13,877 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

NUE opened at $254.14 on Friday. The business’s 50-day moving average is $213.65 and its two-hundred day moving average is $184.90. Nucor Corporation has a 1 year low of $115.66 and a 1 year high of $264.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. The firm has a market capitalization 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.

Nucor (NYSE:NUE) last posted its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.77 earnings per share. Research analysts anticipate that Nucor Corporation will post 14.84 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NUE shares. Jefferies Financial Group raised their price target on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. UBS Group downgraded Nucor from a “buy” rating to a “neutral” rating and raised their price objective for the company from $190.00 to $224.00 in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted 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. KeyCorp began coverage on Nucor in a research note on Wednesday, March 25th. They issued a “sector weight” rating on the stock. Finally, Weiss Ratings upgraded Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Nucor has an average rating of “Moderate Buy” and an average price target of $255.67.

Insiders Place Their Bets

In other Nucor news, EVP Randy J. Spicer sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was 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 of the company’s stock, valued at approximately $4,614,750. This trade represents a 10.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 10,096 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is currently owned by corporate insiders.

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.