Legal & General Group Plc Decreases Stock Position in Nucor Corporation $NUE

Legal & General Group Plc trimmed its position in shares of Nucor Corporation (NYSE:NUE) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,466,965 shares of the basic materials company’s stock after selling 137,341 shares during the period. Legal & General Group Plc owned approximately 0.64% of Nucor worth $190,031,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NUE. Nuveen LLC acquired a new stake in shares of Nucor during the first quarter valued at about $141,216,000. Massachusetts Financial Services Co. MA purchased a new position in Nucor in the second quarter valued at about $105,435,000. Vanguard Group Inc. boosted its holdings in Nucor by 2.6% in the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Nucor by 355.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock valued at $72,327,000 after purchasing an additional 420,970 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Nucor by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock worth $277,920,000 after purchasing an additional 355,364 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NUE shares. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Bank of America increased their price objective on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nucor in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.20.

Nucor Stock Performance

Nucor stock opened at $152.16 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $158.48. The company has a fifty day moving average price of $141.12 and a two-hundred day moving average price of $135.85. The company has a market cap of $34.82 billion, a PE ratio of 21.37, a P/E/G ratio of 1.14 and a beta of 1.80.

Nucor (NYSE:NUE) last posted 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. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the firm posted $1.49 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. Research analysts expect that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Nucor’s dividend payout ratio is 30.90%.

Insider Transactions at Nucor

In other news, EVP Allen C. Behr sold 9,042 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the sale, the executive vice president directly owned 73,661 shares in the company, valued at approximately $11,143,436.08. This represents a 10.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,045 shares of company stock worth $2,720,628. 0.46% of the stock is currently owned by company insiders.

About Nucor

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.