Allen Behr Sells 10,096 Shares of Nucor (NYSE:NUE) Stock

Nucor Corporation (NYSE:NUE) EVP Allen Behr sold 10,096 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $226.08, for a total value of $2,282,503.68. Following the transaction, the executive vice president directly owned 62,871 shares of the company’s stock, valued at approximately $14,213,875.68. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nucor Trading Up 1.0%

Shares of NUE stock traded up $2.23 during mid-day trading on Wednesday, hitting $234.30. The company’s stock had a trading volume of 753,585 shares, compared to its average volume of 1,665,146. The company’s fifty day simple moving average is $181.96 and its 200-day simple moving average is $169.89. Nucor Corporation has a 52 week low of $106.21 and a 52 week high of $235.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The company has a market cap of $53.34 billion, a PE ratio of 23.20, a P/E/G ratio of 0.65 and a beta of 1.87.

Nucor (NYSE:NUE) last posted its quarterly earnings data 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 analyst estimates of $8.88 billion. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 21.3% on a year-over-year basis. As a group, equities research analysts expect that Nucor Corporation will post 13.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be paid a $0.56 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

Nucor announced that its Board of Directors has approved a stock buyback plan on Friday, February 20th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the basic materials company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Nucor

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Nucor by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock valued at $4,633,554,000 after purchasing an additional 144,038 shares during the last quarter. Morgan Stanley boosted its stake in shares of Nucor by 1.1% in the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock worth $628,497,000 after buying an additional 41,728 shares during the last quarter. Norges Bank purchased a new position in shares of Nucor in the 4th quarter worth approximately $609,002,000. Capital World Investors boosted its stake in shares of Nucor by 20.1% in the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock worth $412,081,000 after buying an additional 509,019 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Nucor by 11.1% in the 4th quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock worth $342,642,000 after buying an additional 210,577 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NUE. BNP Paribas Exane raised their target price on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company raised their target price on Nucor from $213.00 to $244.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Bank of America raised their target price on Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. UBS Group downgraded Nucor from a “buy” rating to a “neutral” rating and lifted their price target for the company from $190.00 to $224.00 in a research note on Tuesday, April 28th. Finally, BMO Capital Markets lifted their price target on Nucor from $196.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.80.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Strong Q1 results and revenue beat underpin upside expectations — Nucor reported $3.23 EPS vs. $2.82 expected and ~21% YoY revenue growth, supporting the recent rally and higher analyst targets.
• Positive Sentiment: Analyst upgrades and higher price targets — BNP Paribas Exane raised its target to $248 and maintained an “outperform” rating, adding to other recent upward revisions that lift consensus valuation. BNP Paribas raises price target
• Positive Sentiment: Share repurchase and dividend — the board authorized a $4.0B buyback (up to ~9.7% of shares) and Nucor pays a quarterly dividend (annualized $2.24), both shareholder‑friendly moves that support the stock.
• Neutral Sentiment: Institutional ownership and solid balance sheet — roughly 76% institutional ownership, low leverage (D/E ~0.30) and healthy liquidity ratios make headline-driven volatility less likely to become a sustained trend.
• Negative Sentiment: Large insider sale — EVP David Sumoski sold 33,068 shares (~$7.46M at ~$225.67), trimming his position by ~12%, which can be perceived negatively by the market. Form 4 — Sumoski
• Negative Sentiment: Additional executive selling — EVP Daniel R. Needham sold 12,888 shares (~$2.91M) and EVP Allen C. Behr sold 10,096 shares (~$2.28M), further reducing insider holdings and potentially signaling tax‑ or liquidity‑driven exits. Form 4 — Needham Form 4 — Behr
• Negative Sentiment: Smaller executive sales — EVP Noah Hanners and director Michael Keller sold 6,472 and 4,554 shares respectively; multiple contemporaneous sales increase attention on insider activity. Form 4 — Hanners Form 4 — Keller

About Nucor

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.