Wealthfront Advisers LLC Sells 12,827 Shares of Nucor Corporation $NUE

Wealthfront Advisers LLC lowered its position in Nucor Corporation (NYSE:NUE) by 29.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,061 shares of the basic materials company’s stock after selling 12,827 shares during the quarter. Wealthfront Advisers LLC’s holdings in Nucor were worth $3,894,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NUE. Oppenheimer Asset Management Inc. bought a new position in Nucor during the 2nd quarter valued at about $5,225,000. Brighton Jones LLC boosted its position in shares of Nucor by 70.1% during the second quarter. Brighton Jones LLC now owns 7,895 shares of the basic materials company’s stock valued at $1,023,000 after buying an additional 3,254 shares during the period. Linden Thomas Advisory Services LLC bought a new position in shares of Nucor during the second quarter valued at approximately $281,000. Focus Partners Advisor Solutions LLC raised its holdings in shares of Nucor by 32.7% in the second quarter. Focus Partners Advisor Solutions LLC now owns 11,139 shares of the basic materials company’s stock worth $1,443,000 after buying an additional 2,747 shares during the period. Finally, Richards Merrill & Peterson Inc. bought a new stake in shares of Nucor during the 2nd quarter worth approximately $421,000. Institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NUE opened at $151.83 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.83. The company has a 50 day moving average price of $140.55 and a 200-day moving average price of $131.53. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $170.52. The stock has a market capitalization of $34.85 billion, a PE ratio of 21.32, a PEG ratio of 1.07 and a beta of 1.75.

Nucor (NYSE:NUE) last issued 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 company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.85%. Nucor’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities analysts predict 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 dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Nucor’s dividend payout ratio (DPR) is presently 39.71%.

Insider Buying and Selling

In other news, EVP Daniel R. Needham sold 7,200 shares of Nucor stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $146.00, for a total value of $1,051,200.00. Following the transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at $13,458,134. The trade was a 7.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Keller sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $148.41, for a total transaction of $903,520.08. Following the transaction, the insider owned 22,464 shares of the company’s stock, valued at approximately $3,333,882.24. This trade represents a 21.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,309 shares of company stock worth $4,553,771 over the last ninety days. 0.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on NUE shares. Bank of America upped their price objective on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. The Goldman Sachs Group cut their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on shares of Nucor from $146.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, September 18th. Finally, Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.20.

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.