Illinois Municipal Retirement Fund Buys 4,793 Shares of Nucor Corporation $NUE

Illinois Municipal Retirement Fund lifted its stake in shares of Nucor Corporation (NYSE:NUE) by 18.7% in the third quarter, Holdings Channel.com reports. The fund owned 30,441 shares of the basic materials company’s stock after acquiring an additional 4,793 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Nucor were worth $7,116,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NUE. Cantor Fitzgerald Investment Advisors L.P. increased its position in Nucor by 0.5% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,091 shares of the basic materials company’s stock valued at $1,891,000 after purchasing an additional 40 shares during the period. Signature Equity Partners LLC raised its holdings in Nucor by 34.1% during the 3rd quarter. Signature Equity Partners LLC now owns 165 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 42 shares during the last quarter. Venture Visionary Partners LLC lifted its position in shares of Nucor by 2.4% in the 3rd quarter. Venture Visionary Partners LLC now owns 1,932 shares of the basic materials company’s stock worth $452,000 after purchasing an additional 46 shares during the period. Smith Thornton Advisors LLC boosted its stake in shares of Nucor by 3.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 1,545 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 47 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its stake in shares of Nucor by 3.6% in the 2nd quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock valued at $316,000 after purchasing an additional 49 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Insider Transactions at Nucor

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

Nucor Trading Down 0.3%

NUE opened at $260.59 on Friday. Nucor Corporation has a 1-year low of $143.41 and a 1-year high of $287.70. The company has a current ratio of 2.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. The company has a market cap of $58.62 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81. The company has a fifty day moving average price of $255.41 and a two-hundred day moving average price of $227.19.

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

Nucor Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NUE shares. Weiss Ratings raised shares of Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 15th. Wall Street Zen lowered shares of Nucor from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. BMO Capital Markets upped their price target on shares of Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $335.00 price target on shares of Nucor in a report on Wednesday, October 28th. Finally, Piper Sandler set a $304.00 price objective on Nucor in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.94.

Key Stories Impacting Nucor

These are some of the NUE stories that stood out recently:

• Positive Sentiment: Barclays raised its price target to $345 from $320 and maintained an “overweight” rating, signaling confidence in further upside. Barclays price-target report
• Positive Sentiment: Coverage highlighted Nucor as one of only two materials stocks retaining Strong Buy ratings. Another report cited an 81.6% one-year gain, supported by higher steel prices, record shipments and strong earnings, with capacity expansions and acquisitions offering potential growth drivers. Strong Buy ratings article Nucor growth outlook article
• Neutral Sentiment: Zacks Research’s estimate changes were mixed: it raised several 2027 forecasts, including FY2027 EPS to $21.46 from $19.44, but lowered its Q4 2026 estimate to $6.04 from $6.84 and FY2028 estimate to $20.80 from $21.21. These are analyst forecasts, not company guidance.

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.