Matthew 25 Management Corp Buys New Holdings in Nucor Corporation $NUE

Matthew 25 Management Corp bought a new stake in Nucor Corporation (NYSE:NUE) during the fourth quarter, Holdings Channel reports. The fund bought 25,000 shares of the basic materials company’s stock, valued at approximately $4,078,000. Nucor comprises about 1.2% of Matthew 25 Management Corp’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted 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 worth $393,000 after purchasing an additional 568 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Nucor during the first quarter worth about $259,000. Geneos Wealth Management Inc. lifted 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 worth $41,000 after purchasing an additional 153 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Nucor during the second quarter worth about $390,000. Finally, Cerity Partners LLC lifted 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 worth $5,263,000 after purchasing an additional 13,877 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Up 2.8%

Shares of NYSE NUE opened at $232.11 on Wednesday. Nucor Corporation has a 1 year low of $106.21 and a 1 year high of $233.74. The firm has a market cap of $52.84 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.65 and a beta of 1.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The stock’s 50-day simple moving average is $181.96 and its 200-day simple moving average is $169.89.

Nucor (NYSE:NUE) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, equities analysts anticipate that Nucor Corporation will post 13.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s payout ratio is presently 22.18%.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Bank of America boosted their price objective on Nucor from $190.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Morgan Stanley boosted their price objective on Nucor from $180.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Citigroup boosted their price objective on Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. BMO Capital Markets boosted their price objective on Nucor from $196.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Saturday. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $243.80.

Insiders Place Their Bets

In other news, EVP Daniel R. Needham sold 12,888 shares of Nucor stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the sale, the executive vice president directly owned 89,724 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Noah C. Hanners sold 6,472 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $226.50, for a total value of $1,465,908.00. Following the completion of the sale, the executive vice president directly owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. This represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 59,880 shares of company stock valued at $13,301,793 in the last three months. 0.62% of the stock is owned by insiders.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analyst upgrades and higher targets — BNP Paribas Exane raised its price target to $248 and kept an “outperform” rating; other firms (Citigroup, Jefferies, Seaport) have also lifted targets recently, supporting upside expectations.
• Positive Sentiment: Strong earnings push — Nucor beat Q1 estimates (EPS $3.23 vs. $2.82 expected) and reported revenue growth of ~21% YoY, which underpins analyst upgrades and higher valuations.
• Positive Sentiment: Buybacks and dividend support — board authorized a $4.0B share?repurchase program and the company pays a dividend (annualized $2.24), both of which are shareholder?friendly capital allocation moves that can lift the stock.
• Neutral Sentiment: Institutional ownership & fundamentals — ~76% institutional ownership, modest leverage (D/E ~0.30) and solid liquidity ratios; these factors reduce headline volatility but limit surprise flows.
• Negative Sentiment: Insider sale — EVP David A. Sumoski sold 33,068 shares at about $225.67 on Apr 30, reducing his position by ~12%. Form 4 — Sumoski
• Negative Sentiment: Insider sale — EVP Daniel R. Needham sold 12,888 shares at about $226.00 on May 1, trimming his stake by ~12.6%. Form 4 — Needham
• Negative Sentiment: Insider sale — EVP Noah C. Hanners sold 6,472 shares at about $226.50 on May 1, an ~11.4% ownership reduction for him. Form 4 — Hanners

Nucor 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.