David Sumoski Sells 33,068 Shares of Nucor (NYSE:NUE) Stock

Nucor Corporation (NYSE:NUE) EVP David Sumoski sold 33,068 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $225.67, for a total transaction of $7,462,455.56. Following the completion of the sale, the executive vice president directly owned 243,339 shares of the company’s stock, valued at approximately $54,914,312.13. The trade was a 11.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nucor Price Performance

Shares of NYSE NUE opened at $232.11 on Wednesday. The firm has a market cap of $52.84 billion, a PE ratio of 22.98, a PEG ratio of 0.65 and a beta of 1.87. The firm has a fifty day moving average of $181.96 and a 200 day moving average of $169.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. Nucor Corporation has a one year low of $106.21 and a one year high of $233.74.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, research analysts predict that Nucor Corporation will post 13.64 EPS for the current fiscal year.

Nucor announced that its board has initiated a share buyback program on Friday, February 20th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the basic materials company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.0%. Nucor’s dividend payout ratio is presently 22.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NUE. Integrated Wealth Concepts LLC boosted its position in shares of Nucor by 21.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 568 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Nucor in the first quarter valued at about $259,000. Geneos Wealth Management Inc. lifted its position in Nucor by 81.8% in the first 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 last quarter. Sivia Capital Partners LLC acquired a new position in Nucor in the second quarter valued at about $390,000. Finally, Cerity Partners LLC lifted its position in Nucor by 51.9% in the second quarter. Cerity Partners LLC now owns 40,629 shares of the basic materials company’s stock valued at $5,263,000 after buying an additional 13,877 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analyst upgrades and higher targets — BNP Paribas Exane raised its price target to $248 and kept an “outperform” rating; other firms (Citigroup, Jefferies, Seaport) have also lifted targets recently, supporting upside expectations.
• Positive Sentiment: Strong earnings push — Nucor beat Q1 estimates (EPS $3.23 vs. $2.82 expected) and reported revenue growth of ~21% YoY, which underpins analyst upgrades and higher valuations.
• Positive Sentiment: Buybacks and dividend support — board authorized a $4.0B share‑repurchase program and the company pays a dividend (annualized $2.24), both of which are shareholder‑friendly capital allocation moves that can lift the stock.
• Neutral Sentiment: Institutional ownership & fundamentals — ~76% institutional ownership, modest leverage (D/E ~0.30) and solid liquidity ratios; these factors reduce headline volatility but limit surprise flows.
• Negative Sentiment: Insider sale — EVP David A. Sumoski sold 33,068 shares at about $225.67 on Apr 30, reducing his position by ~12%. Form 4 — Sumoski
• Negative Sentiment: Insider sale — EVP Daniel R. Needham sold 12,888 shares at about $226.00 on May 1, trimming his stake by ~12.6%. Form 4 — Needham
• Negative Sentiment: Insider sale — EVP Noah C. Hanners sold 6,472 shares at about $226.50 on May 1, an ~11.4% ownership reduction for him. Form 4 — Hanners

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group lowered shares of Nucor from a “buy” rating to a “neutral” rating and upped their target price for the stock from $190.00 to $224.00 in a report on Tuesday, April 28th. KeyCorp assumed coverage on shares of Nucor in a report on Wednesday, March 25th. They set a “sector weight” rating for the company. Morgan Stanley upped their target price on shares of Nucor from $180.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their target price on shares of Nucor from $213.00 to $244.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group upped their target price on shares of Nucor from $240.00 to $260.00 in a report on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and an average price target of $243.80.

Nucor Company Profile

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.