PNC Financial Services Group Inc. Lowers Stock Position in Nucor Corporation $NUE

PNC Financial Services Group Inc. cut its holdings in shares of Nucor Corporation (NYSE:NUE) by 3.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,264 shares of the basic materials company’s stock after selling 1,944 shares during the period. PNC Financial Services Group Inc.’s holdings in Nucor were worth $7,936,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. IMA Advisory Services Inc. lifted its holdings in Nucor by 51.4% during the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after buying an additional 75 shares during the period. Matrix Trust Co raised its position in shares of Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Nucor by 81.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 153 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Nucor by 209.6% during the first quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 283 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 valued at $57,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NUE. Jefferies Financial Group upgraded shares of Nucor from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $170.00 in a report on Thursday, July 31st. BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Wall Street Zen raised shares of Nucor from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company raised shares of Nucor from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $147.00 to $167.00 in a report on Friday. Finally, JPMorgan Chase & Co. upped their price target on Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $167.20.

Nucor Price Performance

NYSE NUE opened at $147.80 on Monday. The company has a market cap of $33.93 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.14 and a beta of 1.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The stock’s fifty day moving average price is $140.46 and its 200 day moving average price is $134.79. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $158.48.

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

Nucor Dividend Announcement

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

Insider Buying and Selling at Nucor

In other news, insider Michael D. Keller sold 6,088 shares of the stock in a transaction 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 sale, the insider owned 22,464 shares in the company, valued at $3,333,882.24. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the transaction, the executive vice president directly owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. This trade represents a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,133 shares of company stock worth $3,624,149 in the last 90 days. Corporate insiders own 0.46% of the company’s stock.

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.