Ellevest Inc. Acquires Shares of 4,585 Nucor Corporation $NUE

Ellevest Inc. acquired a new stake in Nucor Corporation (NYSE:NUE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,585 shares of the basic materials company’s stock, valued at approximately $594,000.

Several other large investors also recently bought and sold shares of the stock. Hudson Capital Management LLC raised its holdings in Nucor by 6.6% during the second quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock worth $4,506,000 after purchasing an additional 2,154 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Nucor by 138.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock worth $15,745,000 after purchasing an additional 70,581 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Nucor during the second quarter worth about $5,225,000. Envestnet Asset Management Inc. raised its holdings in Nucor by 12.4% during the first quarter. Envestnet Asset Management Inc. now owns 305,006 shares of the basic materials company’s stock worth $36,704,000 after purchasing an additional 33,700 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Nucor by 78.1% during the second quarter. Verdence Capital Advisors LLC now owns 8,134 shares of the basic materials company’s stock worth $1,054,000 after purchasing an additional 3,568 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Activity

In related news, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 92,179 shares in the company, valued at approximately $13,458,134. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 73,661 shares in the company, valued at approximately $11,143,436.08. This trade represents a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,333 shares of company stock valued at $5,075,189 in the last 90 days. Insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

NUE has been the subject of several analyst reports. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $170.00 in a report on Thursday, July 31st. Morgan Stanley increased their price target on shares of Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $164.30.

Nucor Stock Up 0.6%

NUE stock opened at $145.20 on Thursday. The company’s 50 day simple moving average is $140.73 and its 200-day simple moving average is $133.13. The firm has a market capitalization of $33.33 billion, a PE ratio of 20.39, a P/E/G ratio of 1.14 and a beta of 1.80. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $170.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating 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 analyst estimates of $8.27 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities analysts expect that Nucor Corporation will post 7.64 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, November 10th. Investors of record on Tuesday, September 30th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Nucor’s dividend payout ratio (DPR) is 30.90%.

Nucor 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.