Stephen Laxton Sells 2,003 Shares of Nucor (NYSE:NUE) Stock

Nucor Corporation (NYSE:NUE) CFO Stephen Laxton sold 2,003 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $151.57, for a total value of $303,594.71. Following the completion of the transaction, the chief financial officer owned 88,174 shares of the company’s stock, valued at $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Nucor Price Performance

Nucor stock opened at $144.05 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $33.06 billion, a PE ratio of 20.23, a P/E/G ratio of 1.14 and a beta of 1.75. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $170.52. The stock has a 50-day moving average price of $140.84 and a two-hundred day moving average price of $133.04.

Nucor (NYSE:NUE) last posted its earnings results 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. The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts expect that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Dividend Announcement

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

Institutional Investors Weigh In On Nucor

Several large investors have recently added to or reduced their stakes in NUE. Berkshire Hathaway Inc acquired a new stake in Nucor during the second quarter worth approximately $856,792,000. Norges Bank acquired a new stake in Nucor in the second quarter valued at approximately $479,858,000. Diamond Hill Capital Management Inc. acquired a new stake in Nucor in the first quarter valued at approximately $194,804,000. Nuveen LLC acquired a new stake in Nucor in the first quarter valued at approximately $141,216,000. Finally, Greenwich Wealth Management LLC acquired a new stake in Nucor in the second quarter valued at approximately $123,145,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analysts Set New Price Targets

NUE has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Bank of America increased their price target on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, September 15th. The Goldman Sachs Group decreased their price target on Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a research note on Monday, September 22nd. Finally, Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research note on Saturday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.30.

About Nucor

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.