Wealthspire Advisors LLC Buys Shares of 5,533 Nucor Corporation $NUE

Wealthspire Advisors LLC purchased a new stake in shares of Nucor Corporation (NYSE:NUE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,533 shares of the basic materials company’s stock, valued at approximately $717,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Nucor by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,171,068 shares of the basic materials company’s stock worth $3,778,820,000 after acquiring an additional 211,741 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Nucor by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock worth $277,920,000 after purchasing an additional 355,364 shares during the period. Nordea Investment Management AB grew its stake in shares of Nucor by 10.6% in the second quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock worth $244,059,000 after purchasing an additional 177,420 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Nucor by 5.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company’s stock worth $213,342,000 after purchasing an additional 92,363 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Nucor by 16.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,610,933 shares of the basic materials company’s stock valued at $193,863,000 after purchasing an additional 226,343 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. UBS Group increased their price objective on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Bank of America boosted their target price on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Wall Street Zen raised shares of Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and a consensus price target of $167.20.

Insider Activity at Nucor

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of Nucor stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total transaction of $1,049,160.00. Following the completion of the transaction, the executive vice president owned 96,550 shares in the company, valued at approximately $14,470,914. The trade was a 6.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at approximately $13,364,533.18. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 18,045 shares of company stock valued at $2,720,628. 0.46% of the stock is owned by company insiders.

Nucor Stock Performance

Shares of NUE opened at $152.16 on Friday. Nucor Corporation has a one year low of $97.59 and a one year high of $158.48. The company has a market cap of $34.82 billion, a PE ratio of 21.37, a P/E/G ratio of 1.14 and a beta of 1.80. The stock has a 50-day moving average of $141.12 and a 200-day moving average of $135.57. 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 (NYSE:NUE) last posted its quarterly earnings results 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 business had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the business earned $1.49 EPS. The firm’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. On average, equities research analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.20 annualized dividend and a yield of 1.4%. Nucor’s dividend payout ratio (DPR) is presently 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.