Pictet Asset Management Holding SA Buys 8,257 Shares of Nucor Corporation $NUE

Pictet Asset Management Holding SA increased its stake in Nucor Corporation (NYSE:NUE) by 8.2% during the third quarter, HoldingsChannel reports. The firm owned 109,155 shares of the basic materials company’s stock after acquiring an additional 8,257 shares during the period. Pictet Asset Management Holding SA’s holdings in Nucor were worth $25,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System increased its position in Nucor by 19.3% in the first quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock worth $86,297,000 after buying an additional 82,668 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Nucor by 31.2% during the 2nd quarter. Tidal Investments LLC now owns 61,952 shares of the basic materials company’s stock valued at $13,800,000 after buying an additional 14,736 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Nucor during the 2nd quarter valued at $7,954,000. BIP Wealth LLC purchased a new position in shares of Nucor during the 2nd quarter valued at $852,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Nucor by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock worth $306,054,000 after acquiring an additional 29,476 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In related news, EVP Noah C. Hanners sold 5,190 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $275.03, for a total transaction of $1,427,405.70. Following the transaction, the executive vice president directly owned 44,073 shares of the company’s stock, valued at approximately $12,121,397.19. This trade represents a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael D. Keller sold 1,136 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $279.33, for a total value of $317,318.88. Following the completion of the sale, the insider owned 15,588 shares of the company’s stock, valued at $4,354,196.04. The trade was a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,732 shares of company stock valued at $7,881,287 over the last quarter. 0.62% of the stock is owned by company insiders.

Nucor Stock Performance

Nucor stock opened at $261.37 on Thursday. Nucor Corporation has a fifty-two week low of $143.41 and a fifty-two week high of $287.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.46. The stock has a market cap of $59.30 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. The firm’s fifty day moving average price is $255.48 and its 200-day moving average price is $226.77.

Nucor (NYSE:NUE) last announced its earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). The company had revenue of $11.25 billion during the quarter, compared to analysts’ expectations of $10.84 billion. Nucor had a return on equity of 15.53% and a net margin of 9.26%. The firm’s revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 earnings per share. On average, equities research analysts expect that Nucor Corporation will post 19.63 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 0.9%. Nucor’s payout ratio is 14.26%.

Latest Nucor News

Investors following NUE have been watching these news items:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $21.46 from $19.44 and increased its Q1 2027 estimate to $6.42 from $4.95. It also lifted forecasts for Q3 2027 and Q1 2028, indicating stronger expectations in several quarters. Nucor analyst estimate updates
• Positive Sentiment: A Zacks article describes Nucor as a long-term value stock, which may appeal to investors focused on valuation; the supplied article provides no specific valuation metrics. Why Nucor is a Top Value Stock for the Long-Term
• Neutral Sentiment: An industry report projects the global ferrous scrap recycling market will grow through 2032, a potential longer-term tailwind for steelmakers using recycled inputs, but it does not quantify the benefit to Nucor. Ferrous Scrap Recycling Global Strategic Business Report

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NUE. Wells Fargo & Company boosted their price objective on Nucor from $280.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Piper Sandler set a $304.00 target price on shares of Nucor in a research report on Friday, October 30th. BMO Capital Markets increased their target price on shares of Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 15th. Finally, Cfra raised shares of Nucor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average target price of $287.38.

Nucor Company Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries. The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking. Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.