Pinnacle Wealth Planning Services Inc. Takes Position in Nucor Corporation $NUE

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Nucor Corporation (NYSE:NUE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,575 shares of the basic materials company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC increased its holdings in shares of Nucor by 2.9% in the second quarter. RFG Advisory LLC now owns 2,462 shares of the basic materials company’s stock worth $319,000 after acquiring an additional 69 shares in the last quarter. IMA Advisory Services Inc. grew its position in shares of Nucor by 51.4% in the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Nucor by 1.9% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 4,326 shares of the basic materials company’s stock worth $560,000 after purchasing an additional 79 shares in the last quarter. Matrix Trust Co increased its stake in Nucor by 53.8% during the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 84 shares in the last quarter. Finally, Applied Finance Capital Management LLC raised its holdings in Nucor by 1.8% during the 2nd quarter. Applied Finance Capital Management LLC now owns 5,908 shares of the basic materials company’s stock worth $765,000 after buying an additional 103 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NUE. Morgan Stanley upped their price target on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nucor in a research note on Wednesday. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group upgraded Nucor from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $170.00 in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $167.20.

Insider Transactions at Nucor

In other news, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the sale, the executive vice president owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. This represents a 6.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the completion of the transaction, the executive vice president directly owned 73,661 shares of the company’s stock, valued at $11,143,436.08. This represents a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,045 shares of company stock worth $2,720,628 in the last 90 days. Corporate insiders own 0.46% of the company’s stock.

Nucor Stock Down 0.8%

Nucor stock opened at $147.44 on Friday. The company has a fifty day simple moving average of $140.91 and a 200 day simple moving average of $135.35. 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 $158.48. The company has a market cap of $33.74 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share 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 during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the company earned $1.49 EPS. Nucor’s revenue for the quarter was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. Research analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Nucor’s payout ratio 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.