Nucor Corporation $NUE Holdings Trimmed by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its position in shares of Nucor Corporation (NYSE:NUE) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,189 shares of the basic materials company’s stock after selling 499 shares during the quarter. King Luther Capital Management Corp’s holdings in Nucor were worth $1,061,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. acquired a new position in Nucor during the first quarter valued at $194,804,000. Nuveen LLC purchased a new position in Nucor during the 1st quarter valued at about $141,216,000. Vanguard Group Inc. grew its stake in 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 acquiring an additional 745,671 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Nucor by 355.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock valued at $72,327,000 after purchasing an additional 420,970 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $277,920,000 after purchasing an additional 355,364 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. UBS Group upped their price target on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $170.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded Nucor from a “buy” rating to a “hold” rating in a research note on Sunday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $164.30.

Nucor Price Performance

NYSE NUE opened at $143.99 on Wednesday. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $158.48. The stock’s 50-day moving average is $140.36 and its two-hundred day moving average is $134.18. The firm has a market cap of $33.05 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the firm posted $1.49 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 30th. Nucor’s payout ratio is presently 30.90%.

Insider Buying and Selling at Nucor

In related news, EVP Kenneth Rex Query sold 10,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $12,183,192. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction 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 transaction, the chief financial officer owned 88,174 shares in the company, valued at $13,364,533.18. This trade represents a 2.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,333 shares of company stock worth $5,075,189 in the last quarter. 0.46% of the stock is owned by corporate insiders.

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.