Soltis Investment Advisors LLC Purchases 3,794 Shares of Nucor Corporation $NUE

Soltis Investment Advisors LLC increased its position in Nucor Corporation (NYSE:NUE) by 404.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,732 shares of the basic materials company’s stock after buying an additional 3,794 shares during the period. Soltis Investment Advisors LLC’s holdings in Nucor were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC bought a new stake in Nucor during the second quarter valued at about $25,000. GK Wealth Management LLC acquired a new stake in shares of Nucor in the third quarter valued at about $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of Nucor in the second quarter valued at about $27,000. Bell Investment Advisors Inc bought a new position in shares of Nucor in the second quarter worth about $28,000. Finally, Markowski Investments bought a new position in shares of Nucor in the second quarter worth about $29,000. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NUE shares. Wall Street Zen cut Nucor from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Nucor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Citigroup reaffirmed a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on Nucor from $296.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their price target on Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $284.00.

Nucor Stock Down 0.7%

Shares of NUE opened at $273.47 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.46. The company has a 50-day simple moving average of $253.79 and a 200-day simple moving average of $223.43. Nucor Corporation has a 52 week low of $140.93 and a 52 week high of $280.11. The firm has a market capitalization of $62.04 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.67 and a beta of 1.84.

Nucor (NYSE:NUE) last released its earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). Nucor had a return on equity of 15.53% and a net margin of 9.26%. The firm had revenue of $11.25 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the business earned $2.63 earnings per share. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. On average, equities research analysts expect that Nucor Corporation will post 19.61 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s dividend payout ratio (DPR) is presently 14.26%.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Freedom Broker upgraded Nucor from “hold” to “strong buy,” adding to bullish sentiment. Barclays and JPMorgan also forecast significant price appreciation for the shares. Freedom Broker stock recommendations
• Positive Sentiment: Investor attention remains focused on Nucor’s potential exposure to artificial-intelligence infrastructure and broader construction demand, which could support steel volumes and earnings as data-center and infrastructure investment expands. Why Nucor could be an overlooked AI infrastructure winner
• Positive Sentiment: Nucor’s latest quarter showed strong underlying demand: revenue increased 32% year over year to $11.25 billion, exceeding estimates, while earnings per share more than doubled from the prior-year period. The company also declared its regular $0.56 quarterly dividend. Nucor financial information
• Neutral Sentiment: Analyst opinion remains broadly constructive, with a “Moderate Buy” consensus and an average price target of $284, although that target offers limited upside from recent trading levels. Wells Fargo raised its target to $305, while other firms have reduced targets or maintained more cautious ratings. Nucor and Steel Dynamics steel outlook
• Negative Sentiment: Wall Street Zen lowered its rating on Nucor, creating a counterweight to the Freedom Broker upgrade and highlighting uncertainty after the stock’s substantial rally.
• Negative Sentiment: Executive Vice President Noah Hanners sold 5,190 shares worth approximately $1.43 million, reducing his direct ownership by 10.54%. While such sales may be scheduled or personal, insider selling can weigh on sentiment.
• Negative Sentiment: Nucor narrowly missed quarterly EPS expectations, reporting $5.80 versus the $5.84 consensus. Meanwhile, broader markets have been unsettled by the Federal Reserve’s lack of forward guidance and concerns about whether heavy AI investment can be sustained.

Insider Activity at Nucor

In other news, EVP Noah Hanners sold 5,190 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 44,073 shares in the company, valued at approximately $12,121,397.19. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the transaction, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by company insiders.

Nucor Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.