Fidelis Capital Partners LLC Takes $236,000 Position in Nucor Corporation $NUE

Fidelis Capital Partners LLC acquired a new position in shares of Nucor Corporation (NYSE:NUE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,702 shares of the basic materials company’s stock, valued at approximately $236,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Matrix Trust Co lifted its stake in Nucor by 53.8% during the second 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. raised its holdings in shares of Nucor by 81.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares in the last quarter. Meeder Asset Management Inc. lifted its position 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Nucor by 49.8% in the second 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 position in Nucor during the second quarter valued at approximately $58,000. Institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In other news, insider Michael D. Keller sold 6,088 shares of Nucor stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $148.41, for a total transaction of $903,520.08. Following the sale, the insider owned 22,464 shares of the company’s stock, valued at approximately $3,333,882.24. The trade was a 21.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Rex Query sold 10,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the transaction, the executive vice president owned 84,080 shares in the company, valued at $12,183,192. This represents a 10.63% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 34,333 shares of company stock worth $5,075,189. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NUE has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Nucor from $140.00 to $147.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Morgan Stanley raised their price objective on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen lowered Nucor from a “buy” rating to a “hold” rating in a research note on Sunday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.30.

Nucor Stock Up 0.9%

Shares of NYSE:NUE opened at $143.99 on Wednesday. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $158.48. 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 $140.36 and its 200 day moving average is $134.18. The company has a market cap of $33.05 billion, a PE ratio of 20.22, a P/E/G ratio of 1.14 and a beta of 1.80.

Nucor (NYSE:NUE) last issued its quarterly earnings data 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. The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates 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 last year, the company earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Sell-side 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 was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were issued a $0.55 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.20 annualized dividend and a yield of 1.5%. Nucor’s dividend payout ratio is 30.90%.

Nucor Company 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.