Bank of Montreal Can Sells 41,186 Shares of Nucor Corporation $NUE

Bank of Montreal Can lowered its stake in shares of Nucor Corporation (NYSE:NUE) by 22.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 143,241 shares of the basic materials company’s stock after selling 41,186 shares during the period. Bank of Montreal Can’s holdings in Nucor were worth $18,555,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Nucor in the first quarter valued at $299,000. Envestnet Asset Management Inc. raised its stake in shares of Nucor by 12.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 305,006 shares of the basic materials company’s stock valued at $36,704,000 after buying an additional 33,700 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Nucor by 37.1% in the 1st quarter. TD Private Client Wealth LLC now owns 1,389 shares of the basic materials company’s stock valued at $167,000 after buying an additional 376 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Nucor by 19.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,717 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 593 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Nucor by 1.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 131,986 shares of the basic materials company’s stock valued at $15,769,000 after acquiring an additional 1,843 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NUE. Bank of America increased their price target 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 reissued a “hold (c)” rating on shares of Nucor in a report on Wednesday, October 8th. UBS Group raised their target price on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley upped their price target on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.30.

Insider Buying and Selling

In other news, CFO Stephen D. Laxton sold 2,003 shares of the company’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 transaction of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares in the company, valued at approximately $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Rex Query sold 10,000 shares of the stock in a transaction that occurred on 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 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 34,333 shares of company stock valued at $5,075,189. Insiders own 0.71% of the company’s stock.

Nucor Trading Down 0.3%

NUE stock opened at $144.19 on Friday. The business has a fifty day moving average price of $140.53 and a 200 day moving average price of $133.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $161.17. The stock has a market capitalization of $33.10 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.14 and a beta of 1.80.

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 return on equity of 7.80% and a net margin of 5.18%.The company had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.5%. Nucor’s dividend payout ratio is currently 30.90%.

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.