Jacobson & Schmitt Advisors LLC Takes Position in Nucor Corporation $NUE

Jacobson & Schmitt Advisors LLC bought a new position in Nucor Corporation (NYSE:NUE) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,200 shares of the basic materials company’s stock, valued at approximately $285,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Nucor by 2.6% in the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock worth $3,484,965,000 after buying an additional 745,671 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Nucor by 18.2% during the 1st 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 acquiring an additional 355,364 shares during the period. Nordea Investment Management AB grew its stake in shares of Nucor by 10.6% during the 2nd quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock valued at $244,059,000 after acquiring an additional 177,420 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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. bought a new stake in Nucor during the 1st quarter worth approximately $194,804,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Nucor Stock Performance

NUE opened at $144.05 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The stock has a market capitalization of $33.06 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.14 and a beta of 1.80. The company has a fifty day moving average of $140.84 and a 200 day moving average of $133.04. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $170.52.

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

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.55 per share. 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 30.90%.

Insider Activity

In related news, CFO Stephen D. Laxton sold 2,003 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total value of $303,594.71. Following the completion of the transaction, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at approximately $13,364,533.18. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 9,042 shares of the business’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 completion of the sale, the executive vice president owned 73,661 shares in the company, valued at $11,143,436.08. This represents a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 34,333 shares of company stock worth $5,075,189. 0.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NUE shares. Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America lifted their target price on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. increased their price target on Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. UBS Group raised their price target on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $164.30.

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.