Mayflower Financial Advisors LLC Lowers Holdings in Nucor Corporation $NUE

Mayflower Financial Advisors LLC lessened its stake in Nucor Corporation (NYSE:NUE) by 3.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,103 shares of the basic materials company’s stock after selling 74 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Nucor were worth $272,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NUE. Matrix Trust Co raised its position in shares of Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 84 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after buying an additional 153 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Nucor by 209.6% in the 1st quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock worth $50,000 after buying an additional 283 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Nucor by 49.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after buying an additional 147 shares in the last quarter. Finally, Proathlete Wealth Management LLC bought a new stake in Nucor in the 2nd quarter worth about $58,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Trading Up 1.5%

Nucor stock opened at $154.28 on Thursday. The business has a 50-day simple moving average of $140.77 and a two-hundred day simple moving average of $131.83. The company has a market cap of $35.41 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.13 and a beta of 1.75. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $170.52. 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 (NYSE:NUE) last released its quarterly 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. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts predict that Nucor Corporation will post 7.64 EPS for the current 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 paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Nucor’s payout ratio is 30.90%.

Insider Activity at Nucor

In related news, EVP Daniel R. Needham sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the completion of the transaction, the executive vice president directly owned 92,179 shares in the company, valued at approximately $13,458,134. The trade was a 7.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $148.41, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 23,288 shares of company stock worth $3,403,720. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NUE has been the subject of several research analyst reports. Jefferies Financial Group upgraded Nucor from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $135.00 to $170.00 in a report on Thursday, July 31st. BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group reduced their price objective on Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Finally, Bank of America lifted their price objective on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $162.30.

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.