First Command Advisory Services Inc. Acquires 3,607 Shares of Nucor Corporation $NUE

First Command Advisory Services Inc. lifted its holdings in shares of Nucor Corporation (NYSE:NUE) by 724.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,105 shares of the basic materials company’s stock after purchasing an additional 3,607 shares during the period. First Command Advisory Services Inc.’s holdings in Nucor were worth $962,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Transamerica Financial Advisors LLC acquired a new stake in Nucor during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Nucor in the second quarter worth $27,000. Bell Investment Advisors Inc acquired a new position in shares of Nucor in the second quarter worth $28,000. GK Wealth Management LLC acquired a new position in shares of Nucor in the third quarter worth $28,000. Finally, Next Level Wealth Planning LLC purchased a new stake in shares of Nucor in the third quarter valued at $28,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NUE shares. JPMorgan Chase & Co. increased their price objective on Nucor from $296.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. KeyCorp boosted their target price on shares of Nucor from $286.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Weiss Ratings upgraded shares of Nucor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 15th. Morgan Stanley set a $270.00 target price on shares of Nucor in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $287.38.

Nucor Price Performance

NUE stock opened at $261.37 on Thursday. The stock has a market capitalization of $59.30 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. 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 52-week low of $143.41 and a 52-week high of $287.70. The stock’s fifty day simple moving average is $255.48 and its 200-day simple moving average is $226.77.

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

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th were given a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s dividend payout ratio (DPR) is currently 14.26%.

Nucor News Roundup

These are some of the NUE news items that stood out recently:

• 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
• 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
• Negative Sentiment: Zacks Research lowered its Q4 2026 EPS estimate to $6.04 from $6.84 and reduced FY2028 to $20.80 from $21.21. It also cut estimates for Q3 2028, partially offsetting the upward revisions. Nucor analyst estimate updates

Insider Activity at Nucor

In related news, EVP Allen Behr sold 11,846 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $272.90, for a total transaction of $3,232,773.40. Following the completion of the transaction, the executive vice president owned 58,022 shares of the company’s stock, valued at approximately $15,834,203.80. This represents a 16.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Noah C. Hanners sold 5,190 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $275.03, for a total transaction of $1,427,405.70. Following the transaction, the executive vice president directly owned 44,073 shares in the company, valued at approximately $12,121,397.19. This represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,732 shares of company stock valued at $7,881,287 over the last three months. Insiders own 0.62% of the company’s stock.

About Nucor

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.