V. M. Manning & CO. Inc. Makes New $2.03 Million Investment in Nucor Corporation $NUE

V. M. Manning & CO. Inc. purchased a new stake in shares of Nucor Corporation (NYSE:NUE) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,635 shares of the basic materials company’s stock, valued at approximately $2,025,000. Nucor comprises 2.3% of V. M. Manning & CO. Inc.’s investment portfolio, making the stock its 8th largest position.

Other large investors also recently made changes to their positions in the company. IMA Advisory Services Inc. increased its stake in shares of Nucor by 51.4% in the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 75 shares in the last quarter. Matrix Trust Co increased its stake in Nucor by 53.8% in 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 last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Nucor in the second quarter worth approximately $39,000. Geneos Wealth Management Inc. grew its holdings in shares of Nucor by 81.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 153 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Nucor by 49.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 147 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NUE. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Jefferies Financial Group upped their price target on Nucor from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nucor in a research note on Monday, December 8th. Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $147.00 to $167.00 in a research report on Friday, November 14th. Finally, Citigroup lifted their target price on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.70.

Insider Activity at Nucor

In related news, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total value of $303,594.71. Following the completion of the transaction, the chief financial officer owned 88,174 shares of the company’s stock, valued at $13,364,533.18. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the sale, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. This trade represents a 6.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,045 shares of company stock valued at $2,720,628 over the last ninety days. 0.71% of the stock is owned by company insiders.

Nucor Stock Down 1.0%

NYSE NUE opened at $164.93 on Monday. The stock has a 50 day moving average price of $148.14 and a 200-day moving average price of $140.80. Nucor Corporation has a one year low of $97.59 and a one year high of $168.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The company has a market capitalization of $37.75 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.19 and a beta of 1.85.

Nucor (NYSE:NUE) last announced its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the company earned $1.49 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, equities analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal 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 paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.4%. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st. Nucor’s payout ratio is currently 30.90%.

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.