ProShare Advisors LLC Buys 29,321 Shares of Nucor Corporation $NUE

ProShare Advisors LLC grew its stake in Nucor Corporation (NYSE:NUE) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,461,187 shares of the basic materials company’s stock after purchasing an additional 29,321 shares during the quarter. ProShare Advisors LLC owned approximately 0.63% of Nucor worth $189,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Nucor by 12.4% during the first quarter. Envestnet Asset Management Inc. now owns 305,006 shares of the basic materials company’s stock worth $36,704,000 after acquiring an additional 33,700 shares during the period. Cerity Partners LLC boosted its stake in Nucor by 38.9% in the 1st quarter. Cerity Partners LLC now owns 26,752 shares of the basic materials company’s stock valued at $3,219,000 after purchasing an additional 7,491 shares during the period. Xponance Inc. grew its holdings in Nucor by 5.4% in the 1st quarter. Xponance Inc. now owns 51,925 shares of the basic materials company’s stock valued at $6,249,000 after buying an additional 2,658 shares in the last quarter. Ballentine Partners LLC grew its holdings in Nucor by 62.1% in the 1st quarter. Ballentine Partners LLC now owns 2,803 shares of the basic materials company’s stock valued at $337,000 after buying an additional 1,074 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Nucor by 0.7% during the 1st quarter. Arizona State Retirement System now owns 67,851 shares of the basic materials company’s stock worth $8,165,000 after buying an additional 443 shares during the period. Institutional investors own 76.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Nucor from a “buy” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. boosted their price target on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company raised their price objective on Nucor from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Bank of America upped their target price on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Citigroup raised their price target on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.30.

Insider Activity at Nucor

In other Nucor news, CFO Stephen D. Laxton sold 2,003 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer owned 88,174 shares in the company, valued at approximately $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel R. Needham sold 7,200 shares of the company’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 value of $1,051,200.00. Following the transaction, the executive vice president directly owned 92,179 shares in the company, valued at $13,458,134. The trade was a 7.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,333 shares of company stock worth $5,075,189. 0.46% of the stock is currently owned by insiders.

Nucor Stock Down 0.3%

Shares of Nucor stock opened at $144.19 on Monday. Nucor Corporation has a one year low of $97.59 and a one year high of $161.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The stock’s 50-day moving average is $140.53 and its 200 day moving average is $133.78. The firm 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.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, topping the consensus estimate 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 7.80%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities research analysts anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Nucor’s dividend payout ratio 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.