Rockefeller Capital Management L.P. Purchases 29,625 Shares of Nucor Corporation $NUE

Rockefeller Capital Management L.P. lifted its position in Nucor Corporation (NYSE:NUE) by 113.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,703 shares of the basic materials company’s stock after acquiring an additional 29,625 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Nucor were worth $7,216,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NUE. Hudson Capital Management LLC grew its stake in shares of Nucor by 6.6% during the second quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock valued at $4,506,000 after buying an additional 2,154 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Nucor by 138.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock valued at $15,745,000 after acquiring an additional 70,581 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Nucor in the second quarter worth $236,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Nucor during the second quarter worth $5,225,000. Finally, VeraBank N.A. boosted its stake in shares of Nucor by 26.4% during the second quarter. VeraBank N.A. now owns 5,093 shares of the basic materials company’s stock valued at $660,000 after purchasing an additional 1,065 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NUE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nucor in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a report on Monday. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $170.00 in a research note on Thursday, July 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.20.

Insider Transactions at Nucor

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the sale, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. This trade represents a 6.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction 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 directly owned 88,174 shares in the company, valued at approximately $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 have sold a total of 18,045 shares of company stock valued at $2,720,628 in the last 90 days. Insiders own 0.46% of the company’s stock.

Nucor Stock Down 0.8%

Shares of NYSE NUE opened at $147.44 on Friday. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $158.48. The stock’s fifty day simple moving average is $140.91 and its two-hundred day simple moving average is $135.35. The stock has a market capitalization of $33.74 billion, a PE ratio of 20.71, a price-to-earnings-growth 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.

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. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The firm had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the business posted $1.49 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued 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 dividend payout ratio (DPR) is currently 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.