WealthPlan Investment Management LLC Sells 3,508 Shares of Nucor Corporation $NUE

WealthPlan Investment Management LLC decreased its holdings in Nucor Corporation (NYSE:NUE) by 11.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,544 shares of the basic materials company’s stock after selling 3,508 shares during the period. WealthPlan Investment Management LLC’s holdings in Nucor were worth $6,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. California Public Employees Retirement System boosted its holdings in Nucor by 19.3% during the 1st quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock valued at $86,297,000 after acquiring an additional 82,668 shares during the period. Tidal Investments LLC increased its stake in Nucor by 31.2% in the 2nd quarter. Tidal Investments LLC now owns 61,952 shares of the basic materials company’s stock worth $13,800,000 after purchasing an additional 14,736 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Nucor in the 2nd quarter worth approximately $7,954,000. BIP Wealth LLC bought a new position in shares of Nucor in the second quarter worth approximately $852,000. Finally, Bank of New York Mellon Corp increased its position in shares of Nucor by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock valued at $306,054,000 after acquiring an additional 29,476 shares during the period. Institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NUE. Zacks Research upgraded Nucor from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wells Fargo & Company dropped their price objective on Nucor from $285.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, September 18th. BMO Capital Markets lifted their price objective on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Freedom Broker cut Nucor from a “buy” rating to a “hold” rating and reduced their target price for the company from $305.00 to $285.00 in a research note on Friday, September 18th. Finally, Barclays upped their target price on Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $276.07.

Nucor Trading Down 1.5%

NUE stock traded down $3.82 during trading on Thursday, reaching $253.29. The company had a trading volume of 598,981 shares, compared to its average volume of 1,540,495. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $280.11. The company has a market cap of $57.47 billion, a P/E ratio of 20.17, a PEG ratio of 0.62 and a beta of 1.84. The business has a 50 day moving average of $254.39 and a 200 day moving average of $237.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36.

Nucor (NYSE:NUE) last posted its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.60 EPS. As a group, sell-side analysts forecast that Nucor Corporation will post 19.62 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s dividend payout ratio is 17.86%.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks upgraded Nucor from “Hold” to “Strong Buy,” improving the near-term analyst sentiment around NUE. Zacks also included the company among its top momentum and value stocks for October 14.
• Positive Sentiment: Analysts raised their earnings forecasts. Zacks increased its Q4 2026 EPS estimate to $6.84 from $4.81 and its FY2027 forecast to $19.44 from $18.83. The firm also raised its Q4 2027 estimate to $4.20 from $3.50, suggesting improved expectations for future profitability.
• Positive Sentiment: Nucor is investing $105 million to expand its Crawfordsville, Indiana, utility-pole facility. The project will add more than 120,000 square feet of automated manufacturing space and approximately 100 jobs. The expansion positions Nucor to benefit from rising U.S. electricity transmission and distribution spending and could increase its mix of higher-value steel products. Nucor grid investment article
• Neutral Sentiment: The Indiana project supports Nucor’s strategic positioning, but the earnings impact will likely develop gradually as capacity comes online. It also requires substantial upfront capital spending. Indiana utility pole expansion article
• Negative Sentiment: NUE has already risen sharply, gaining 49.82% year to date and reaching a 52-week high of $280.11. The strong advance may encourage investors to lock in gains, particularly with the shares trading at roughly 20 times earnings and with steel-market cyclicality remaining a risk.

Insiders Place Their Bets

In other news, COO Stephen Laxton sold 3,968 shares of Nucor stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the completion of the transaction, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Batterbee sold 4,000 shares of Nucor stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the transaction, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by corporate insiders.

Nucor Profile

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.