3,607 Nucor Corporation $NUE Shares Purchased by First Command Advisory Services Inc.

First Command Advisory Services Inc. grew its position in shares of Nucor Corporation (NYSE:NUE) by 724.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,105 shares of the basic materials company’s stock after acquiring an additional 3,607 shares during the period. First Command Advisory Services Inc.’s holdings in Nucor were worth $962,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Nucor during the 2nd quarter worth about $4,452,563,000. Dimensional Fund Advisors LP raised its holdings in Nucor by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after buying an additional 22,718 shares during the period. Bank of America Corp DE purchased a new position in Nucor in the second quarter valued at approximately $462,886,000. Berkshire Hathaway Inc purchased a new position in Nucor in the second quarter valued at approximately $413,814,000. Finally, Bank of New York Mellon Corp lifted its position in Nucor by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock valued at $306,054,000 after buying an additional 29,476 shares in the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Nucor Stock Up 1.9%

NYSE NUE opened at $261.37 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. Nucor Corporation has a fifty-two week low of $143.41 and a fifty-two week high of $287.70. The business has a 50 day moving average price of $255.48 and a two-hundred day moving average price of $226.77. The stock has a market cap of $59.30 billion, a PE ratio of 16.64, a P/E/G ratio of 0.63 and a beta of 1.81.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). Nucor had a net margin of 9.26% and a return on equity of 15.53%. The firm had revenue of $11.25 billion for the quarter, compared to analysts’ expectations of $10.84 billion. During the same quarter in the prior year, the business earned $2.63 EPS. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. As a group, sell-side analysts predict that Nucor Corporation will post 19.63 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Nucor’s dividend payout ratio (DPR) is presently 14.26%.

Insider Activity

In related news, COO Stephen Laxton sold 10,560 shares of Nucor stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $274.98, for a total transaction of $2,903,788.80. Following the sale, the chief operating officer owned 77,867 shares of the company’s stock, valued at $21,411,867.66. The trade was a 11.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Keller sold 1,136 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $279.33, for a total transaction of $317,318.88. Following the completion of the transaction, the insider owned 15,588 shares in the company, valued at $4,354,196.04. This represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,732 shares of company stock worth $7,881,287. Corporate insiders own 0.62% of the company’s stock.

Key Stories Impacting Nucor

Here are a few of the latest stories about NUE:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $21.46 from $19.44 and increased its Q1 2027 estimate to $6.42 from $4.95. It also lifted forecasts for Q3 2027 and Q1 2028, indicating stronger expectations in several quarters. Nucor analyst estimate updates
• Positive Sentiment: A Zacks article describes Nucor as a long-term value stock, which may appeal to investors focused on valuation; the supplied article provides no specific valuation metrics. Why Nucor is a Top Value Stock for the Long-Term
• Neutral Sentiment: An industry report projects the global ferrous scrap recycling market will grow through 2032, a potential longer-term tailwind for steelmakers using recycled inputs, but it does not quantify the benefit to Nucor. Ferrous Scrap Recycling Global Strategic Business Report

Analyst Ratings Changes

Several research firms have issued reports on NUE. Citigroup reiterated a “buy” rating on shares of Nucor in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Nucor from $296.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Wedbush set a $304.00 target price on shares of Nucor in a report on Monday, November 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $335.00 price target on shares of Nucor in a research report on Wednesday, October 28th. Finally, Wall Street Zen downgraded Nucor from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.38.

Nucor Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries. The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking. Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.