Sanders Morris Harris LLC Purchases Shares of 5,426 Nucor Corporation $NUE

by · The Cerbat Gem

Sanders Morris Harris LLC acquired a new position in Nucor Corporation (NYSE:NUE – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,426 shares of the basic materials company’s stock, valued at approximately $735,000.

Several other hedge funds also recently modified their holdings of the stock. Berkshire Hathaway Inc bought a new stake in Nucor during the second quarter worth $856,792,000. Norges Bank bought a new stake in shares of Nucor in the 2nd quarter worth $479,858,000. Greenwich Wealth Management LLC bought a new stake in shares of Nucor in the 2nd quarter worth $123,145,000. Massachusetts Financial Services Co. MA bought a new position in shares of Nucor during the second quarter valued at about $105,435,000. Finally, AQR Capital Management LLC boosted its holdings in Nucor by 580.9% during the second quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after purchasing an additional 557,819 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Activity at Nucor

In other Nucor news, EVP Allen C. Behr sold 9,042 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the sale, the executive vice president owned 73,661 shares of the company’s stock, valued at $11,143,436.08. The trade was a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John J. Hollatz sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at $14,470,914. The trade was a 6.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 18,045 shares of company stock worth $2,720,628. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NUE shares. Bank of America increased their price objective on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, September 15th. The Goldman Sachs Group increased their price target on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Wells Fargo & Company boosted their price objective on Nucor from $167.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup upped their price objective on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Nucor in a research note on Monday. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus price target of $172.80.

Read Our Latest Analysis on Nucor

Nucor Stock Performance

NYSE:NUE opened at $160.59 on Thursday. Nucor Corporation has a 1 year low of $97.59 and a 1 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 simple moving average of $149.66 and a two-hundred day simple moving average of $141.68. The company has a market capitalization of $36.75 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.25 and a beta of 1.85.

Nucor (NYSE:NUE – Get Free Report) last announced its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.33. The company had revenue of $8.52 billion during 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, analysts expect that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be issued a $0.56 dividend. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.24 annualized dividend and a yield of 1.4%. Nucor’s payout ratio is 30.90%.

Nucor Company Profile

(Free Report)

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.

Further Reading

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