Nucor Corporation $NUE Holdings Cut by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in Nucor Corporation (NYSE:NUE) by 79.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,386 shares of the basic materials company’s stock after selling 25,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Nucor were worth $827,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. RFG Advisory LLC lifted its holdings in Nucor by 2.9% in the second quarter. RFG Advisory LLC now owns 2,462 shares of the basic materials company’s stock worth $319,000 after acquiring an additional 69 shares during the last quarter. Matrix Trust Co increased its stake in shares of Nucor by 53.8% during the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 84 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Nucor by 2.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,247 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 93 shares during the period. Denali Advisors LLC increased its stake in shares of Nucor by 2.5% during the first quarter. Denali Advisors LLC now owns 4,117 shares of the basic materials company’s stock valued at $495,000 after acquiring an additional 102 shares during the period. Finally, Applied Finance Capital Management LLC grew its position in Nucor by 1.8% in the second quarter. Applied Finance Capital Management LLC now owns 5,908 shares of the basic materials company’s stock worth $765,000 after buying an additional 103 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

NUE has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Bank of America lifted their target price 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. Citigroup lifted their target price on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research note on Wednesday. Finally, Morgan Stanley lifted their target price on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and an average target price of $164.30.

Nucor Stock Up 0.4%

NUE stock opened at $150.33 on Friday. 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 Corporation has a 1 year low of $97.59 and a 1 year high of $170.52. The company has a fifty day simple moving average of $140.95 and a 200 day simple moving average of $132.23. The firm has a market cap of $34.51 billion, a PE ratio of 21.11, a PEG ratio of 1.14 and a beta of 1.75.

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

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Nucor’s payout ratio is currently 30.90%.

Insiders Place Their Bets

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at $13,458,134. The trade was a 7.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Rex Query sold 10,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the transaction, the executive vice president directly owned 84,080 shares of the company’s stock, valued at approximately $12,183,192. This represents a 10.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,288 shares of company stock valued at $3,403,720 in the last quarter. Insiders own 0.46% of the company’s stock.

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.