Forsta AP Fonden Sells 1,000 Shares of Nucor Corporation $NUE

Forsta AP Fonden trimmed its stake in Nucor Corporation (NYSE:NUE) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,100 shares of the basic materials company’s stock after selling 1,000 shares during the quarter. Forsta AP Fonden’s holdings in Nucor were worth $5,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Nucor by 2.6% in the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Nucor by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock worth $277,920,000 after acquiring an additional 355,364 shares during the last quarter. Nordea Investment Management AB raised its stake in Nucor by 10.6% in the 2nd quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock valued at $244,059,000 after acquiring an additional 177,420 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Nucor by 5.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company’s stock valued at $213,342,000 after purchasing an additional 92,363 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in Nucor during the first quarter worth about $194,804,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NUE shares. UBS Group lifted their price objective on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup raised their target price on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group cut their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and an average price target of $166.30.

Nucor Price Performance

NUE opened at $147.80 on Friday. The stock has a market capitalization of $33.93 billion, a P/E ratio of 20.76, a PEG ratio of 1.14 and a beta of 1.80. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $158.48. The stock has a 50-day moving average price of $140.46 and a 200-day moving average price of $134.57.

Nucor (NYSE:NUE) last issued its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.33. The business had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.Nucor’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities analysts predict 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 was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 30th. Nucor’s dividend payout ratio is presently 30.90%.

Insider Activity

In other news, EVP John J. Hollatz sold 7,000 shares of Nucor stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the transaction, the executive vice president owned 96,550 shares in the company, valued at approximately $14,470,914. The trade was a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction dated Monday, August 18th. The shares were 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 of the company’s stock, valued at $13,458,134. This represents a 7.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,333 shares of company stock valued at $6,124,349. Company insiders own 0.46% of the company’s stock.

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.