M&T Bank Corp Purchases 2,833 Shares of Nucor Corporation $NUE

M&T Bank Corp grew its position in Nucor Corporation (NYSE:NUE) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 75,927 shares of the basic materials company’s stock after buying an additional 2,833 shares during the period. M&T Bank Corp’s holdings in Nucor were worth $12,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of NUE. Integrated Wealth Concepts LLC grew its position in shares of Nucor by 21.1% in 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 period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Nucor in the first quarter valued at $259,000. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 153 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Nucor in the second quarter valued at $390,000. Finally, Cerity Partners LLC increased its holdings in shares of 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 purchasing an additional 13,877 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Citigroup upped their price objective on shares of Nucor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Bank of America upped their price objective on shares of Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. KeyCorp began coverage on Nucor in a research note on Wednesday, March 25th. They issued a “sector weight” rating for the company. Finally, Wells Fargo & Company boosted their price target on Nucor from $213.00 to $244.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.80.

Nucor Stock Up 2.8%

NYSE NUE opened at $232.11 on Wednesday. The business has a fifty day moving average price of $181.96 and a two-hundred day moving average price of $169.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. Nucor Corporation has a fifty-two week low of $106.21 and a fifty-two week high of $233.74. The stock has a market capitalization of $52.84 billion, a PE ratio of 22.98, a PEG ratio of 0.65 and a beta of 1.87.

Nucor (NYSE:NUE) last released its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. Equities analysts expect that Nucor Corporation will post 13.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business 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 $0.56 dividend. 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 22.18%.

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

Insider Activity at Nucor

In other news, EVP Noah C. Hanners sold 6,472 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $226.50, for a total value of $1,465,908.00. Following the completion of the transaction, the executive vice president owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel R. Needham sold 12,888 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the completion of the transaction, the executive vice president directly owned 89,724 shares of the company’s stock, valued at $20,277,624. This trade represents a 12.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 59,880 shares of company stock worth $13,301,793 over the last three months. 0.62% of the stock is owned by insiders.

Key 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

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.