Sanders Morris Harris LLC Buys Shares of 5,426 Nucor Corporation $NUE

Sanders Morris Harris LLC purchased a new stake in shares of Nucor Corporation (NYSE:NUE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,426 shares of the basic materials company’s stock, valued at approximately $735,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirador Capital Partners LP boosted its position in Nucor by 9.2% during the 3rd quarter. Mirador Capital Partners LP now owns 5,997 shares of the basic materials company’s stock worth $812,000 after buying an additional 505 shares during the period. Oak Thistle LLC bought a new stake in shares of Nucor in the third quarter worth $266,000. Gradient Investments LLC acquired a new stake in Nucor in the third quarter valued at $205,000. Heartwood Wealth Advisors LLC bought a new position in Nucor during the 3rd quarter worth $180,000. Finally, Aaron Wealth Advisors LLC bought a new position in Nucor during the 3rd quarter worth $256,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

Nucor stock opened at $160.59 on Thursday. The stock has a market capitalization of $36.75 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.25 and a beta of 1.85. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The stock’s 50 day moving average price is $149.66 and its two-hundred day moving average price is $141.68.

Nucor (NYSE:NUE) last released its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company 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. On average, equities analysts predict that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio is presently 30.90%.

Insiders Place Their Bets

In other news, EVP John J. Hollatz sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total transaction of $1,049,160.00. Following the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at $14,470,914. This represents a 6.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen D. 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 completion of the transaction, the chief financial officer owned 88,174 shares in the company, valued at approximately $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,045 shares of company stock worth $2,720,628. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NUE shares. The Goldman Sachs Group increased their price target on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Bank of America upped their target price on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. UBS Group raised their price target on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Morgan Stanley increased their price objective on shares of Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.80.

Nucor Profile

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.