Bornite Capital Management LP Purchases Shares of 8,000 Nucor Corporation $NUE

Bornite Capital Management LP acquired a new position in Nucor Corporation (NYSE:NUE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,000 shares of the basic materials company’s stock, valued at approximately $1,036,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RFG Advisory LLC lifted its stake in shares of Nucor by 2.9% during the 2nd quarter. RFG Advisory LLC now owns 2,462 shares of the basic materials company’s stock valued at $319,000 after buying an additional 69 shares in the last quarter. Matrix Trust Co raised its holdings in Nucor by 53.8% during the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 84 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of Nucor by 2.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,247 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 93 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Nucor by 2.5% in the first quarter. Denali Advisors LLC now owns 4,117 shares of the basic materials company’s stock worth $495,000 after acquiring an additional 102 shares during the period. Finally, Applied Finance Capital Management LLC lifted its holdings in Nucor by 1.8% in the 2nd quarter. Applied Finance Capital Management LLC now owns 5,908 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 103 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $170.00 in a research note on Thursday, July 31st. Bank of America boosted their price target on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. increased their price objective on shares of Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley raised their price objective on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Nucor has an average rating of “Moderate Buy” and an average price target of $164.30.

Nucor Price Performance

Nucor stock opened at $144.19 on Friday. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $161.17. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $140.53 and its 200 day moving average is $133.63. The company has a market cap of $33.10 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.14 and a beta of 1.80.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The business had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Sell-side analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Nucor’s dividend payout ratio is 30.90%.

Insiders Place Their Bets

In other news, EVP Kenneth Rex Query sold 10,000 shares of Nucor stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $144.90, for a total value of $1,449,000.00. Following the completion of the transaction, the executive vice president owned 84,080 shares in the company, valued at approximately $12,183,192. The trade was a 10.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total value of $1,367,873.76. Following the sale, the executive vice president owned 73,661 shares in the company, valued at $11,143,436.08. The trade was a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 34,333 shares of company stock worth $5,075,189. 0.46% of the stock is currently owned by company insiders.

Nucor Company Profile

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.