Smith Shellnut Wilson LLC ADV Sells 678 Shares of Nucor Corporation $NUE

Smith Shellnut Wilson LLC ADV lowered its stake in Nucor Corporation (NYSE:NUE) by 22.1% during the second quarter, Holdings Channel reports. The institutional investor owned 2,395 shares of the basic materials company’s stock after selling 678 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in Nucor were worth $310,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Nucor by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after acquiring an additional 745,671 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Nucor by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock valued at $277,920,000 after acquiring an additional 355,364 shares during the period. Nordea Investment Management AB raised its holdings in Nucor by 10.6% in the 2nd quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock valued at $244,059,000 after acquiring an additional 177,420 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Nucor by 5.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company’s stock valued at $213,342,000 after acquiring an additional 92,363 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new position in Nucor in the 1st quarter valued at about $194,804,000. 76.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $144.90, for a total value of $1,449,000.00. Following the transaction, the executive vice president directly owned 84,080 shares of the company’s stock, valued at $12,183,192. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were 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. This represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,288 shares of company stock valued at $3,403,720 in the last ninety days. 0.46% of the stock is currently owned by company insiders.

Nucor Price Performance

NUE stock opened at $150.33 on Friday. 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 Corporation has a 12 month low of $97.59 and a 12 month high of $170.52. The firm has a market cap of $34.51 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.14 and a beta of 1.75. The company’s 50-day moving average price is $140.95 and its two-hundred day moving average price is $132.38.

Nucor (NYSE:NUE) last released its earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.30 by $0.33. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm earned $1.49 EPS. The business’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, analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. 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 research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Nucor from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Bank of America raised their price target on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.30.

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.