Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in Nucor Corporation $NUE

Skandinaviska Enskilda Banken AB publ boosted its stake in Nucor Corporation (NYSE:NUE) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,688 shares of the basic materials company’s stock after acquiring an additional 1,146 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Nucor were worth $6,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IMA Advisory Services Inc. grew its stake 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 last quarter. Matrix Trust Co raised its stake in shares of Nucor by 53.8% during the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Nucor during the second quarter worth $39,000. Geneos Wealth Management Inc. grew its position in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Nucor by 49.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock valued at $57,000 after buying an additional 147 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NUE. The Goldman Sachs Group raised their target price on shares of Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Wells Fargo & Company raised shares of Nucor from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $147.00 to $167.00 in a report on Friday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Morgan Stanley boosted their target price on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Citigroup increased their target price on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.20.

Insider Buying and Selling

In other Nucor news, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total transaction of $303,594.71. Following the sale, the chief financial officer directly owned 88,174 shares in the company, valued at approximately $13,364,533.18. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allen C. Behr sold 9,042 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were 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 in the company, valued at $11,143,436.08. This trade represents a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 18,045 shares of company stock valued at $2,720,628. 0.46% of the stock is owned by insiders.

Nucor Stock Up 0.2%

Shares of NYSE NUE opened at $159.49 on Monday. The stock has a market capitalization of $36.50 billion, a price-to-earnings ratio of 22.40, 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 $159.95. The firm has a 50-day moving average price of $142.97 and a 200 day moving average price of $137.26. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last issued its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the company posted $1.49 earnings per share. The firm’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. Equities research analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors 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 dividend payout ratio (DPR) is presently 30.90%.

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.