Thrivent Financial for Lutherans Has $169.10 Million Position in Nucor Corporation $NUE

Thrivent Financial for Lutherans lifted its position in shares of Nucor Corporation (NYSE:NUE) by 0.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,036,663 shares of the basic materials company’s stock after purchasing an additional 6,390 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Nucor were worth $169,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Stance Capital LLC acquired a new position in Nucor during the third quarter valued at approximately $25,000. AXS Investments LLC acquired a new position in Nucor during the third quarter valued at approximately $37,000. Vision Financial Markets LLC boosted its position in Nucor by 281.7% during the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Caitlin John LLC acquired a new position in Nucor during the third quarter valued at approximately $41,000. Finally, Geneos Wealth Management Inc. boosted its position in Nucor by 81.8% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 153 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on NUE shares. KeyCorp started coverage on Nucor in a research report on Wednesday, March 25th. They set a “sector weight” rating for the company. BNP Paribas Exane increased their price target on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Seaport Research Partners reissued a “buy” rating and set a $245.00 price target on shares of Nucor in a research report on Thursday, April 30th. Bank of America increased their price target on Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company increased their price target on Nucor from $213.00 to $244.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and an average target price of $243.80.

Nucor Price Performance

NYSE:NUE opened at $232.66 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $189.46 and its two-hundred day moving average price is $174.54. The firm has a market capitalization of $52.96 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 0.62 and a beta of 1.87. Nucor Corporation has a 12-month low of $106.21 and a 12-month high of $235.45.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, analysts anticipate that Nucor Corporation will post 14.66 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st were paid a $0.56 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.24 annualized dividend and a yield of 1.0%. Nucor’s dividend payout ratio is currently 22.18%.

Nucor declared that its Board of Directors has authorized a share buyback program on Friday, February 20th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Nucor

In other Nucor news, insider Michael D. Keller sold 4,554 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $225.86, for a total value of $1,028,566.44. Following the sale, the insider owned 16,834 shares in the company, valued at $3,802,127.24. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Allen C. Behr sold 10,096 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the sale, the executive vice president owned 62,871 shares in the company, valued at $14,213,875.68. This represents a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 69,318 shares of company stock valued at $15,672,093. Company insiders own 0.62% of the company’s stock.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor’s latest quarterly results were strong, with higher sales and profits driven by record shipments, firmer steel prices, and improved metal margins. Management also guided for higher consolidated earnings ahead, reinforcing optimism about near-term fundamentals. Evaluating Nucor (NUE) After Earnings Fueled By Strong Steel Prices And Record Shipments
• Positive Sentiment: Multiple analyst updates were supportive, including Zacks Research upgrading Nucor to “strong-buy” and raising EPS estimates across several future periods. Higher earnings forecasts often boost investor confidence in the stock’s valuation and growth runway. Zacks Research Upgrade and EPS Estimate Raises
• Positive Sentiment: Broader commentary around Nucor pointed to improving sentiment in the steel sector, with analysts highlighting record Q1 shipments, a constructive demand backdrop, and continued progress on major capital projects such as the West Virginia sheet mill and Indiana coating complex. Should Record Q1 2026 Shipments and Higher Q2 Outlook Require Action From Nucor (NUE) Investors?
• Positive Sentiment: Nucor was also added to Zacks Rank #1 (Strong Buy) momentum lists, suggesting the stock is attracting technical and fundamental momentum investors. New Strong Buy Stocks for May 13th
• Neutral Sentiment: Recent articles noted that Nucor’s fair value estimate has risen materially, but analyst opinion remains mixed, with some firms staying cautious even as others turn more bullish. That suggests the stock may already be pricing in a good deal of the improved outlook. How The Nucor (NUE) Investment Story Is Shifting With New Analyst Views And Tariff News

About Nucor

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.