Invesco Ltd. Sells 289,382 Shares of Nucor Corporation $NUE

Invesco Ltd. lowered its position in Nucor Corporation (NYSE:NUE) by 12.3% in the 2nd quarter, Holdings Channel reports. The firm owned 2,060,114 shares of the basic materials company’s stock after selling 289,382 shares during the quarter. Invesco Ltd.’s holdings in Nucor were worth $266,867,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hudson Capital Management LLC grew its position in Nucor by 6.6% in the 2nd quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock valued at $4,506,000 after acquiring an additional 2,154 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Nucor by 138.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock worth $15,745,000 after purchasing an additional 70,581 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Nucor during the second quarter valued at $236,000. Oppenheimer Asset Management Inc. bought a new position in shares of Nucor in the second quarter worth about $5,225,000. Finally, Busey Bank increased its stake in Nucor by 40.1% in the 2nd quarter. Busey Bank now owns 111,938 shares of the basic materials company’s stock worth $14,500,000 after buying an additional 32,044 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Stock Down 1.9%

Shares of NYSE NUE opened at $159.43 on Friday. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $166.26. The stock’s fifty day simple moving average is $145.56 and its two-hundred day simple moving average is $138.73. The stock has a market capitalization of $36.49 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.16 and a beta of 1.85. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30.

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

Nucor Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st will be issued a $0.56 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio (DPR) is 30.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America boosted their price target on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. The Goldman Sachs Group increased their price objective on Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $147.00 to $167.00 in a research report on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.70.

Insider Transactions at Nucor

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the sale, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. This trade represents a 6.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares in the company, valued at approximately $13,364,533.18. The trade was a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,045 shares of company stock valued at $2,720,628 in the last 90 days. Insiders own 0.46% of the company’s stock.

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.