PFG Advisors Acquires New Position in Nucor Corporation $NUE

PFG Advisors bought a new position in Nucor Corporation (NYSE:NUE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,577 shares of the basic materials company’s stock, valued at approximately $204,000.

Other institutional investors also recently made changes to their positions in the company. CSM Advisors LLC acquired a new position in Nucor during the 2nd quarter valued at about $10,928,000. Delta Financial Advisors LLC raised its holdings in shares of Nucor by 9.9% during the second quarter. Delta Financial Advisors LLC now owns 30,299 shares of the basic materials company’s stock valued at $3,925,000 after buying an additional 2,734 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Nucor by 7.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 482,419 shares of the basic materials company’s stock worth $62,493,000 after buying an additional 31,753 shares during the period. Parkside Financial Bank & Trust grew its holdings in Nucor by 27.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,138 shares of the basic materials company’s stock worth $277,000 after buying an additional 456 shares in the last quarter. Finally, Aviva PLC grew its holdings in Nucor by 3.7% in the 2nd quarter. Aviva PLC now owns 172,599 shares of the basic materials company’s stock worth $22,358,000 after buying an additional 6,198 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Nucor

In related news, EVP Kenneth Rex Query sold 10,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the transaction, the executive vice president directly owned 84,080 shares of the company’s stock, valued at approximately $12,183,192. The trade was a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.28, for a total value of $1,367,873.76. Following the sale, the executive vice president owned 73,661 shares of the company’s stock, valued at $11,143,436.08. The trade was a 10.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,333 shares of company stock valued at $5,075,189 in the last ninety days. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $170.00 in a report on Thursday, July 31st. Morgan Stanley increased their target price on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 22nd. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.30.

Nucor Trading Up 2.9%

NYSE:NUE opened at $148.27 on Thursday. The stock has a fifty day simple moving average of $140.43 and a 200 day simple moving average of $134.27. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $158.48. 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 (NYSE:NUE) last posted its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS 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 firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the business posted $1.49 EPS. The company’s revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. Sell-side analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Nucor’s 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.