Machina Capital S.A.S. cut its holdings in shares of Nucor Corporation (NYSE:NUE – Free Report) by 41.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,447 shares of the basic materials company’s stock after selling 8,992 shares during the period. Machina Capital S.A.S.’s holdings in Nucor were worth $2,909,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Transamerica Financial Advisors LLC acquired a new position in Nucor during the 2nd quarter valued at about $25,000. GK Wealth Management LLC bought a new stake in Nucor during the 3rd quarter worth approximately $28,000. Next Level Wealth Planning LLC bought a new stake in Nucor during the 3rd quarter worth approximately $28,000. Manning & Napier Advisors LLC purchased a new stake in shares of Nucor in the second quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Nucor in the second quarter worth approximately $28,000. Institutional investors and hedge funds own 76.48% of the company’s stock.
Analysts Set New Price Targets
NUE has been the topic of a number of recent research reports. UBS Group raised their target price on Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Wedbush set a $304.00 price target on Nucor in a report on Monday, November 2nd. Citigroup reiterated a “buy” rating on shares of Nucor in a report on Wednesday, July 29th. Morgan Stanley set a $270.00 price target on Nucor in a research report on Wednesday, July 29th. Finally, Cfra upgraded Nucor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.38.
Get Our Latest Research Report on Nucor
Nucor Stock Up 1.9%
Nucor stock opened at $261.37 on Thursday. Nucor Corporation has a fifty-two week low of $143.41 and a fifty-two week high of $287.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.46. The firm’s 50-day simple moving average is $255.48 and its 200 day simple moving average is $226.77. The stock has a market cap of $59.30 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81.
Nucor (NYSE:NUE – Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 EPS for the quarter, missing the consensus estimate of $5.84 by ($0.04). The firm had revenue of $11.25 billion during the quarter, compared to analysts’ expectations of $10.84 billion. Nucor had a net margin of 9.26% and a return on equity of 15.53%. The company’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the business posted $2.63 EPS. Research analysts predict that Nucor Corporation will post 19.63 EPS for the current fiscal year.
Nucor Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 30th. Nucor’s payout ratio is presently 14.26%.
Trending Headlines about Nucor
These are some of the NUE headlines that stood out recently:
- Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $21.46 from $19.44 and increased its Q1 2027 estimate to $6.42 from $4.95. It also lifted forecasts for Q3 2027 and Q1 2028, indicating stronger expectations in several quarters. Nucor analyst estimate updates
- Positive Sentiment: A Zacks article describes Nucor as a long-term value stock, which may appeal to investors focused on valuation; the supplied article provides no specific valuation metrics. Why Nucor is a Top Value Stock for the Long-Term
- Neutral Sentiment: An industry report projects the global ferrous scrap recycling market will grow through 2032, a potential longer-term tailwind for steelmakers using recycled inputs, but it does not quantify the benefit to Nucor. Ferrous Scrap Recycling Global Strategic Business Report
Insiders Place Their Bets
In other news, COO Stephen Laxton sold 10,560 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $274.98, for a total value of $2,903,788.80. Following the completion of the transaction, the chief operating officer directly owned 77,867 shares of the company’s stock, valued at $21,411,867.66. This represents a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Noah Hanners sold 5,190 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $275.03, for a total value of $1,427,405.70. Following the sale, the executive vice president directly owned 44,073 shares of the company’s stock, valued at $12,121,397.19. The trade was a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 28,732 shares of company stock valued at $7,881,287. Insiders own 0.62% of the company’s stock.
Nucor Company Profile
Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries. The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking. Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.
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