Farmers Trust Co. Has $4.67 Million Holdings in Nucor Corporation $NUE

Farmers Trust Co. increased its holdings in shares of Nucor Corporation (NYSE:NUE) by 34.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,470 shares of the basic materials company’s stock after acquiring an additional 8,912 shares during the period. Farmers Trust Co.’s holdings in Nucor were worth $4,668,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. IMA Advisory Services Inc. increased its stake in Nucor by 51.4% in 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 during the last quarter. Matrix Trust Co grew its holdings in shares of Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 84 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Nucor in the second quarter valued at about $39,000. Geneos Wealth Management Inc. raised its holdings in Nucor by 81.8% during the first 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Nucor by 49.8% during the second 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 during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Trading Down 1.0%

Shares of Nucor stock opened at $164.93 on Monday. The firm’s 50-day moving average price is $148.14 and its two-hundred day moving average price is $140.80. The company has a market capitalization of $37.75 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.19 and a beta of 1.85. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $168.07.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 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 business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. 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 fiscal year.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be issued a $0.56 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio (DPR) is 30.90%.

Insider Buying and Selling

In related news, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the sale, the executive vice president directly owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. This represents a 6.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of Nucor stock in a transaction on Thursday, October 30th. The stock was 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 in the company, valued at $11,143,436.08. This represents a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,045 shares of company stock worth $2,720,628 in the last quarter. Insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on NUE shares. Wells Fargo & Company upgraded Nucor from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $147.00 to $167.00 in a research note on Friday, November 14th. Citigroup boosted their target price on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Morgan Stanley increased their price target on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. UBS Group lifted their price objective on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Bank of America upped 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. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.70.

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.