Mayflower Financial Advisors LLC Sells 74 Shares of Nucor Corporation $NUE

Mayflower Financial Advisors LLC lowered its holdings in Nucor Corporation (NYSE:NUE) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,103 shares of the basic materials company’s stock after selling 74 shares during the period. Mayflower Financial Advisors LLC’s holdings in Nucor were worth $272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NUE. Matrix Trust Co lifted its holdings in shares of Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after buying an additional 84 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after buying an additional 153 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Nucor by 209.6% in the first quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock worth $50,000 after buying an additional 283 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nucor by 49.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after buying an additional 147 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Nucor in the second quarter worth about $58,000. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Up 1.5%

Shares of Nucor stock opened at $154.28 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $170.52. The stock has a market capitalization of $35.41 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 1.13 and a beta of 1.75. The company’s 50 day moving average price is $140.77 and its 200-day moving average price is $131.83.

Nucor (NYSE:NUE) last issued its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $1.49 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities research analysts forecast that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The company 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 of this dividend is Tuesday, September 30th. This represents a $2.20 annualized dividend and a yield of 1.4%. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America upped their price objective on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their price objective on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 22nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $162.30.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the completion of the transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Keller sold 6,088 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $148.41, for a total value of $903,520.08. Following the transaction, the insider directly owned 22,464 shares of the company’s stock, valued at $3,333,882.24. This represents a 21.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,288 shares of company stock valued at $3,403,720. 0.46% of the stock is currently owned by company insiders.

About Nucor

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.