Nucor (NYSE:NUE) CFO Stephen Laxton Sells 2,003 Shares of Stock

Nucor Corporation (NYSE:NUE) CFO Stephen Laxton sold 2,003 shares of the 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 sale, the chief financial officer owned 88,174 shares in the company, valued at $13,364,533.18. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nucor Stock Performance

Nucor stock opened at $148.01 on Tuesday. The stock has a 50-day simple moving average of $140.92 and a 200 day simple moving average of $132.81. The stock has a market capitalization of $33.97 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.14 and a beta of 1.75. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $170.52.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share 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 firm had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the company posted $1.49 EPS. The company’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. On average, research analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 30th. Nucor’s payout ratio is 30.90%.

Hedge Funds Weigh In On Nucor

Several hedge funds have recently added to or reduced their stakes in NUE. Hudson Capital Management LLC lifted its position in Nucor by 6.6% during the second quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock worth $4,506,000 after acquiring an additional 2,154 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Nucor by 138.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock valued at $15,745,000 after purchasing an additional 70,581 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Nucor during the second quarter worth approximately $5,225,000. Envestnet Asset Management Inc. lifted its holdings in Nucor by 12.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 305,006 shares of the basic materials company’s stock worth $36,704,000 after purchasing an additional 33,700 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in Nucor by 78.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,134 shares of the basic materials company’s stock valued at $1,054,000 after purchasing an additional 3,568 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley upped their price objective on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $170.00 in a research note on Thursday, July 31st. Bank of America raised 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. Citigroup boosted their price objective on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.30.

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.