Kinetic Partners Management LP Takes $38.02 Million Position in Nucor Corporation $NUE

Kinetic Partners Management LP purchased a new position in Nucor Corporation (NYSE:NUE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 170,700 shares of the basic materials company’s stock, valued at approximately $38,023,000. Nucor accounts for approximately 0.9% of Kinetic Partners Management LP’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NUE. BlackRock Inc. purchased a new position in shares of Nucor in the 2nd quarter worth approximately $4,452,563,000. Norges Bank acquired a new stake in Nucor in the fourth quarter valued at approximately $609,002,000. Bank of New York Mellon Corp acquired a new stake in Nucor in the second quarter valued at approximately $330,902,000. Legal & General Group Plc purchased a new position in Nucor in the second quarter worth $324,154,000. Finally, Deutsche Bank AG acquired a new position in shares of Nucor during the second quarter worth $220,176,000. 76.48% of the stock is currently owned by institutional investors.

Insider Transactions at Nucor

In other news, EVP Thomas J. Batterbee sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares in the company, valued at $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,528 shares of company stock worth $4,793,035 over the last quarter. 0.62% of the stock is currently owned by insiders.

Nucor Price Performance

Shares of NYSE NUE opened at $247.78 on Wednesday. The business’s 50 day moving average price is $246.35 and its 200 day moving average price is $217.86. The firm has a market cap of $56.22 billion, a P/E ratio of 19.76, a P/E/G ratio of 0.91 and a beta of 1.89. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $280.11. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The company had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the company earned $2.60 EPS. Nucor’s quarterly revenue was up 23.0% on a year-over-year basis. On average, sell-side analysts expect that Nucor Corporation will post 17.95 earnings per share for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Nucor’s payout ratio is 17.86%.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Wolfe Research maintained its Buy rating on Nucor, reinforcing the bullish analyst view of the steelmaker. Wolfe Research Sticks to Its Buy Rating for Nucor
• Positive Sentiment: Nucor was highlighted as a beneficiary of a broad metals-sector rally. Investors are also emphasizing its electric-arc-furnace operations, which are primarily U.S.-based and less exposed to tariff-burdened imports, as well as infrastructure-driven steel demand and its 52-year record of dividend increases. Nucor On The Radar As A Broad Metals Rally Lifts The Sector
• Positive Sentiment: The breakdown in U.S.-Canada trade discussions put steel tariffs back in focus, prompting gains across U.S. steel producers, including Nucor. The market is interpreting higher trade barriers as potential support for domestic steel prices, demand, and margins. Steel Stocks Jump as U.S.-Canada Tariff Fight Escalates
• Neutral Sentiment: Wells Fargo lowered its Nucor price target from $297 to $285 but retained an Overweight rating. The reduced target tempers the bullish outlook, while still indicating expected upside from the referenced share price.
• Neutral Sentiment: Recent coverage characterized Nucor’s rebound as a recovery from tariff-related volatility. While protectionist policy may improve its competitive position, changing trade policy and retaliation risks could produce sharp price swings. Nucor Shares Rebound After Tariff-Driven Volatility

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets increased their price objective on Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Barclays boosted their target price on Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. BNP Paribas Exane upped their target price on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Argus boosted their price target on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Zacks Research downgraded shares of Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $272.38.

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.