Parkside Financial Bank & Trust Grows Stock Holdings in Nucor Corporation $NUE

Parkside Financial Bank & Trust raised its holdings in Nucor Corporation (NYSE:NUE) by 27.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,138 shares of the basic materials company’s stock after acquiring an additional 456 shares during the period. Parkside Financial Bank & Trust’s holdings in Nucor were worth $277,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NUE. Matrix Trust Co increased its stake in Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Nucor by 209.6% during the 1st quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 283 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nucor by 49.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 147 shares during the period. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of Nucor in the second quarter worth approximately $58,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Trading Down 0.3%

NUE opened at $144.19 on Monday. The firm’s 50 day moving average is $140.53 and its 200-day moving average is $133.78. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $161.17. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $33.10 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.14 and a beta of 1.80.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $8.27 billion. During the same period last year, the business earned $1.49 EPS. The business’s revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

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

Insider Activity at Nucor

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the transaction, the executive vice president directly owned 92,179 shares in the company, valued at $13,458,134. This represents a 7.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen D. Laxton sold 2,003 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total transaction of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at approximately $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,333 shares of company stock worth $5,075,189 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

NUE has been the subject of several research analyst reports. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. Bank of America boosted their price objective on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Wall Street Zen downgraded Nucor from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. lifted their target price on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group lowered their price target on Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and a consensus target price of $164.30.

Nucor 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.