Strs Ohio Cuts Stock Holdings in Nucor Corporation $NUE

Strs Ohio lowered its stake in shares of Nucor Corporation (NYSE:NUE) by 81.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,490 shares of the basic materials company’s stock after selling 94,510 shares during the quarter. Strs Ohio’s holdings in Nucor were worth $2,784,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Nucor

In other news, EVP Kenneth Rex Query sold 10,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the completion of the sale, the executive vice president owned 84,080 shares in the company, valued at approximately $12,183,192. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction dated 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 sale, the executive vice president owned 92,179 shares of the company’s stock, valued at $13,458,134. This trade represents a 7.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,333 shares of company stock valued at $5,075,189. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NUE. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. UBS Group increased their target price on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Bank of America increased their target price on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and a consensus price target of $164.30.

Nucor Stock Performance

Shares of NUE stock opened at $148.01 on Tuesday. The stock’s 50-day moving average is $140.92 and its two-hundred day moving average is $132.81. The firm has a market cap of $33.97 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.14 and a beta of 1.75. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $170.52. 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 (NYSE:NUE) last issued its quarterly earnings data 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. The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts predict that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

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 issued 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 dividend yield of 1.5%. Nucor’s dividend payout ratio (DPR) is presently 30.90%.

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.