Nucor Corporation $NUE Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its holdings in shares of Nucor Corporation (NYSE:NUE) by 27.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,138 shares of the basic materials company’s stock after purchasing an additional 456 shares during the period. Parkside Financial Bank & Trust’s holdings in Nucor were worth $277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NUE. Vanguard Group Inc. grew its position in shares of Nucor by 2.6% during 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 buying an additional 745,671 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Nucor by 18.2% in the first 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 grew its holdings in shares of Nucor by 10.6% during the second quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock valued at $244,059,000 after purchasing an additional 177,420 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Nucor by 5.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company’s stock worth $213,342,000 after purchasing an additional 92,363 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Nucor in the 1st quarter worth approximately $194,804,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NUE shares. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and increased their target price for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. The Goldman Sachs Group lowered their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. Citigroup increased their price objective on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company boosted their target price on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Bank of America upped their target price 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor has a consensus rating of “Moderate Buy” and a consensus price target of $164.30.

Insider Activity

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 document filed with the SEC, which is accessible through this link. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total transaction of $303,594.71. Following the completion of the sale, the chief financial officer owned 88,174 shares in the company, valued at $13,364,533.18. The trade was a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,333 shares of company stock valued at $5,075,189 over the last quarter. Insiders own 0.46% of the company’s stock.

Nucor Stock Down 0.3%

Nucor stock opened at $144.19 on Monday. The stock has a market cap of $33.10 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.14 and a beta of 1.80. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $140.53 and its two-hundred day moving average price is $133.78. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $161.17.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business posted $1.49 EPS. The business’s revenue for the quarter 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 expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, September 30th. This represents a $2.20 annualized dividend and a yield of 1.5%. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

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.