Geode Capital Management LLC Boosts Holdings in Nucor Corporation $NUE

Geode Capital Management LLC increased its holdings in shares of Nucor Corporation (NYSE:NUE) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,996,640 shares of the basic materials company’s stock after buying an additional 7,622 shares during the period. Geode Capital Management LLC’s holdings in Nucor were worth $773,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NUE. IMA Advisory Services Inc. boosted its holdings in Nucor by 51.4% in the second 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 period. Matrix Trust Co raised its position in Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of 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 period. Meeder Asset Management Inc. grew its position in shares of Nucor by 209.6% during the first quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock worth $50,000 after buying an additional 283 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Nucor by 49.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Stock Down 1.7%

Shares of Nucor stock opened at $145.90 on Friday. Nucor Corporation has a one year low of $97.59 and a one year high of $158.48. The company has a market cap of $33.49 billion, a P/E ratio of 20.49, a PEG ratio of 1.14 and a beta of 1.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The firm has a fifty day moving average of $140.45 and a two-hundred day moving average of $134.35.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The business had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were paid a $0.55 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Nucor’s payout ratio is 30.90%.

Insider Activity

In other news, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total transaction of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at $13,364,533.18. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the completion of the sale, the executive vice president owned 92,179 shares of the company’s stock, valued at $13,458,134. This trade represents a 7.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,333 shares of company stock valued at $5,075,189 over the last three months. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NUE has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.30.

Nucor Profile

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.