Nucor Corporation $NUE Stock Position Reduced by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its position in Nucor Corporation (NYSE:NUE) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,189 shares of the basic materials company’s stock after selling 499 shares during the quarter. King Luther Capital Management Corp’s holdings in Nucor were worth $1,061,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NUE. Cerity Partners LLC raised its holdings in shares of Nucor by 38.9% during the first quarter. Cerity Partners LLC now owns 26,752 shares of the basic materials company’s stock worth $3,219,000 after purchasing an additional 7,491 shares during the period. Ballentine Partners LLC grew its position in shares of Nucor by 62.1% during the 1st quarter. Ballentine Partners LLC now owns 2,803 shares of the basic materials company’s stock valued at $337,000 after buying an additional 1,074 shares during the last quarter. New York State Common Retirement Fund raised its stake in Nucor by 9.7% during the first quarter. New York State Common Retirement Fund now owns 130,609 shares of the basic materials company’s stock worth $15,717,000 after acquiring an additional 11,500 shares during the period. Stephens Inc. AR lifted its holdings in Nucor by 30.4% in the first quarter. Stephens Inc. AR now owns 11,027 shares of the basic materials company’s stock worth $1,327,000 after acquiring an additional 2,572 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its stake in Nucor by 23.6% in the first quarter. Florida Financial Advisors LLC now owns 2,308 shares of the basic materials company’s stock valued at $278,000 after acquiring an additional 441 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nucor

In related news, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares in the company, valued at $13,364,533.18. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Keller sold 6,088 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $148.41, for a total value of $903,520.08. Following the sale, the insider directly owned 22,464 shares in the company, valued at $3,333,882.24. This trade represents a 21.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 34,333 shares of company stock worth $5,075,189. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

NUE has been the topic of a number of research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Citigroup increased their price objective on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.30.

Nucor Stock Up 0.9%

Nucor stock opened at $143.99 on Wednesday. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $158.48. The stock has a market cap of $33.05 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.14 and a beta of 1.80. The company’s 50-day moving average price is $140.36 and its two-hundred day moving average price is $134.18. 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 earnings per share for the quarter, beating 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 business had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, 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 was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 30th. Nucor’s dividend payout ratio is 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.