Jessup Wealth Management Inc Has $1.41 Million Stock Position in Nucor Corporation $NUE

Jessup Wealth Management Inc lifted its position in Nucor Corporation (NYSE:NUE) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,878 shares of the basic materials company’s stock after acquiring an additional 541 shares during the period. Jessup Wealth Management Inc’s holdings in Nucor were worth $1,409,000 as of its most recent SEC filing.

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

Nucor Stock Performance

NYSE:NUE opened at $150.33 on Friday. The firm has a market capitalization of $34.51 billion, a PE ratio of 21.11, a PEG ratio of 1.14 and a beta of 1.75. 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 1 year low of $97.59 and a 1 year high of $170.52. The firm’s fifty day simple moving average is $140.95 and its 200 day simple moving average is $132.38.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business posted $1.49 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, sell-side analysts anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s dividend payout ratio is currently 30.90%.

Wall Street Analysts Forecast Growth

NUE has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of Nucor from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Bank of America increased their target price on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. The Goldman Sachs Group lowered their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. UBS Group increased their price objective on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.30.

Insider Transactions at Nucor

In related news, EVP Daniel R. Needham sold 7,200 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. The trade was a 7.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 10,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the transaction, the executive vice president owned 84,080 shares of the company’s stock, valued at approximately $12,183,192. The trade was a 10.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,288 shares of company stock worth $3,403,720. Insiders own 0.46% of the company’s stock.

Nucor Company 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.