Prudential Financial Inc. Has $27.37 Million Stock Position in Nucor Corporation $NUE

Prudential Financial Inc. increased its holdings in shares of Nucor Corporation (NYSE:NUE) by 64.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,280 shares of the basic materials company’s stock after buying an additional 82,490 shares during the quarter. Prudential Financial Inc. owned 0.09% of Nucor worth $27,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Nucor in the first quarter worth about $141,216,000. Massachusetts Financial Services Co. MA acquired a new position in Nucor during the 2nd quarter worth approximately $105,435,000. Vanguard Group Inc. lifted its stake in Nucor by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Nucor by 355.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock valued at $72,327,000 after buying an additional 420,970 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Nucor by 18.2% in 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. Institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NUE opened at $156.10 on Wednesday. The firm has a market cap of $35.73 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $158.48. The business’s 50 day moving average price is $141.62 and its two-hundred day moving average price is $136.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77.

Nucor (NYSE:NUE) last announced its quarterly earnings data 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. The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, equities analysts anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Nucor’s payout ratio is 30.90%.

Insider Activity

In related news, EVP Allen C. Behr sold 9,042 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.28, for a total value of $1,367,873.76. Following the completion of the sale, the executive vice president directly owned 73,661 shares of the company’s stock, valued at $11,143,436.08. The trade was a 10.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares in the company, valued at approximately $13,364,533.18. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 18,045 shares of company stock worth $2,720,628. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NUE. JPMorgan Chase & Co. upped their price target on shares of Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. The Goldman Sachs Group upped their target price on Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Citigroup increased their target price on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Nucor in a report on Wednesday, November 19th. Finally, Morgan Stanley upped their price objective on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.20.

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.