KBC Group NV Reduces Holdings in Nucor Corporation $NUE

KBC Group NV trimmed its position in shares of Nucor Corporation (NYSE:NUE) by 91.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,727 shares of the basic materials company’s stock after selling 199,845 shares during the period. KBC Group NV’s holdings in Nucor were worth $2,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMA Advisory Services Inc. lifted its holdings in Nucor by 51.4% during the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after buying an additional 75 shares during the period. Matrix Trust Co raised its holdings in shares of Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after buying an additional 84 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Nucor by 81.8% during 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 period. Meeder Asset Management Inc. lifted its holdings 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 purchasing an additional 283 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Nucor by 49.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after buying an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target 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. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $170.00 in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. Citigroup increased their target price on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $167.00 in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.20.

Nucor Stock Up 1.4%

Shares of Nucor stock opened at $147.80 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The company has a market cap of $33.93 billion, a P/E ratio of 20.76, a PEG ratio of 1.14 and a beta of 1.80. Nucor Corporation has a one year low of $97.59 and a one year high of $158.48. The firm has a fifty day moving average of $140.46 and a two-hundred day moving average of $134.79.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the company posted $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. On average, analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Nucor’s payout ratio is 30.90%.

Insider Activity

In other news, insider Michael D. Keller sold 6,088 shares of Nucor 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 completion of the sale, the insider owned 22,464 shares of the company’s stock, valued at $3,333,882.24. The trade was a 21.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. This represents a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,133 shares of company stock worth $3,624,149. Company insiders own 0.46% of the company’s stock.

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.