Resona Asset Management Co. Ltd. Buys 2,212 Shares of Nucor Corporation $NUE

Resona Asset Management Co. Ltd. boosted its stake in Nucor Corporation (NYSE:NUE) by 2.4% in the second quarter, HoldingsChannel reports. The firm owned 93,598 shares of the basic materials company’s stock after acquiring an additional 2,212 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Nucor were worth $12,179,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NUE. Hudson Capital Management LLC lifted its stake in Nucor by 6.6% in the second quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock valued at $4,506,000 after buying an additional 2,154 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Nucor by 138.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock worth $15,745,000 after acquiring an additional 70,581 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Nucor during the second quarter worth $5,225,000. Envestnet Asset Management Inc. lifted its position in Nucor by 12.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 305,006 shares of the basic materials company’s stock valued at $36,704,000 after acquiring an additional 33,700 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Nucor by 78.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,134 shares of the basic materials company’s stock valued at $1,054,000 after acquiring an additional 3,568 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NUE opened at $144.19 on Friday. 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’s fifty day simple moving average is $140.53 and its 200 day simple moving average is $133.47. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $161.17. The company has a market cap of $33.10 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.14 and a beta of 1.80.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The firm had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, research analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Nucor’s dividend payout ratio (DPR) is presently 30.90%.

Insider Activity

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total value of $1,051,200.00. Following the sale, the executive vice president owned 92,179 shares in the company, valued at $13,458,134. This represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Keller sold 6,088 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $148.41, for a total value of $903,520.08. Following the completion of the sale, the insider directly owned 22,464 shares of the company’s stock, valued at approximately $3,333,882.24. The trade was a 21.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 34,333 shares of company stock valued at $5,075,189. 0.71% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on NUE shares. Wells Fargo & Company increased their target price on Nucor from $140.00 to $147.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Morgan Stanley increased their price objective on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Citigroup boosted their target price on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group decreased their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a research note on Monday, September 22nd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.