Empower Advisory Group LLC Buys 58,591 Shares of Nucor Corporation $NUE

Empower Advisory Group LLC boosted its position in shares of Nucor Corporation (NYSE:NUE) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 645,638 shares of the basic materials company’s stock after buying an additional 58,591 shares during the quarter. Empower Advisory Group LLC owned approximately 0.28% of Nucor worth $83,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NUE. IMA Advisory Services Inc. lifted its stake in shares of Nucor by 51.4% during the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 75 shares during the period. Matrix Trust Co lifted its position in Nucor by 53.8% during the 2nd 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 period. Geneos Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 153 shares during the last quarter. Meeder Asset Management Inc. grew its position 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 worth $50,000 after buying an additional 283 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 worth $57,000 after buying an additional 147 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NUE has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $170.00 in a report on Thursday, July 31st. Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $147.00 to $167.00 in a research note on Friday. UBS Group increased their target price on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley boosted their target price on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Bank of America increased their price target on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $166.30.

Insider Activity at Nucor

In other Nucor news, insider Michael D. Keller sold 6,088 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $148.41, for a total transaction of $903,520.08. Following the completion of the transaction, the insider owned 22,464 shares of the company’s stock, valued at $3,333,882.24. This represents a 21.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Allen C. Behr sold 9,042 shares of Nucor stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the completion of the sale, the executive vice president owned 73,661 shares in the company, valued at $11,143,436.08. This trade represents a 10.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,333 shares of company stock valued at $6,124,349 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Nucor Price Performance

Shares of NUE opened at $147.80 on Friday. The stock has a 50 day simple moving average of $140.46 and a 200 day simple moving average of $134.57. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $158.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The firm has a market capitalization of $33.93 billion, a PE ratio of 20.76, 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 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 company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the company earned $1.49 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. Sell-side analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 30th. Nucor’s payout ratio is 30.90%.

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.