Smith Shellnut Wilson LLC ADV Sells 678 Shares of Nucor Corporation $NUE

Smith Shellnut Wilson LLC ADV lessened its position in Nucor Corporation (NYSE:NUE) by 22.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,395 shares of the basic materials company’s stock after selling 678 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in Nucor were worth $310,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NUE. Diamond Hill Capital Management Inc. bought a new stake in Nucor in the first quarter valued at approximately $194,804,000. Nuveen LLC bought a new stake in Nucor in the first quarter valued at approximately $141,216,000. Vanguard Group Inc. increased its stake in Nucor by 2.6% in the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Nucor by 355.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock valued at $72,327,000 after purchasing an additional 420,970 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Nucor by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock valued at $277,920,000 after buying an additional 355,364 shares during the period. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

Shares of NUE opened at $150.33 on Friday. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $170.52. The firm has a fifty day simple moving average of $140.95 and a 200 day simple moving average of $132.38. The stock has a market capitalization of $34.51 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.14 and a beta of 1.75. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last announced its earnings results on Monday, October 27th. The basic materials company reported $2.63 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 business had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. Research analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared 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. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s dividend payout ratio is 30.90%.

Insiders Place Their Bets

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the sale, the executive vice president directly owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. This represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 10,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the sale, the executive vice president directly owned 84,080 shares in the company, valued at $12,183,192. This trade represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,288 shares of company stock valued at $3,403,720. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on NUE. Jefferies Financial Group upgraded shares of Nucor from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $170.00 in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America upped their price target on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company upped their price target on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, UBS Group upped their price target on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.30.

Nucor 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.