Nucor Corporation $NUE Holdings Trimmed by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its holdings in Nucor Corporation (NYSE:NUE) by 71.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,791 shares of the basic materials company’s stock after selling 40,232 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Nucor were worth $2,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IMA Advisory Services Inc. grew its stake in shares of Nucor by 51.4% in the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 75 shares during the last quarter. Matrix Trust Co boosted its holdings in Nucor by 53.8% during the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after buying an additional 84 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Nucor by 81.8% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after buying an additional 153 shares in the last quarter. Meeder Asset Management Inc. grew its position in Nucor by 209.6% in 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Nucor by 49.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock valued at $57,000 after buying an additional 147 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Up 3.4%

NYSE:NUE opened at $152.16 on Monday. The business’s fifty day moving average price is $141.12 and its 200 day moving average price is $135.85. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.14 and a beta of 1.80. 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 $158.48.

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

Nucor Dividend Announcement

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

Insider Buying and Selling at Nucor

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 value of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at approximately $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the sale, the executive vice president owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. This represents a 6.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 18,045 shares of company stock worth $2,720,628. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NUE has been the subject of several research reports. Bank of America raised their price objective on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nucor in a research report on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. UBS Group upped their price objective on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $167.20.

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.