Mitsubishi UFJ Trust & Banking Corp Sells 2,638 Shares of Nucor Corporation $NUE

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Nucor Corporation (NYSE:NUE) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,170 shares of the basic materials company’s stock after selling 2,638 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Nucor were worth $13,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. IMA Advisory Services Inc. raised its holdings in shares of Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after buying an additional 75 shares in the last quarter. Matrix Trust Co raised its stake 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 in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Nucor by 81.8% in the 1st 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 last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Nucor by 209.6% in the 1st 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Nucor by 49.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 147 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the completion of the transaction, the executive vice president owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. This trade represents a 10.93% 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 John J. Hollatz sold 7,000 shares of Nucor stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total transaction of $1,049,160.00. Following the transaction, the executive vice president owned 96,550 shares of the company’s stock, valued at $14,470,914. The trade was a 6.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 41,333 shares of company stock worth $6,124,349 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Jefferies Financial Group upgraded Nucor from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. Bank of America boosted their price objective on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, UBS Group increased their price objective on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average target price of $167.20.

Nucor Price Performance

Shares of Nucor stock opened at $147.80 on Friday. The business has a 50 day moving average of $140.46 and a 200 day moving average of $134.68. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $158.48. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The company has a market cap of $33.93 billion, a PE ratio of 20.76, a P/E/G ratio of 1.14 and a beta of 1.80.

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

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued 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 payout ratio is 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.