Nucor (NYSE:NUE) EVP Allen Behr Sells 9,042 Shares of Stock

Nucor Corporation (NYSE:NUE) EVP Allen Behr sold 9,042 shares of Nucor stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total value of $1,367,873.76. Following the completion of the transaction, the executive vice president owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Nucor Price Performance

NYSE:NUE opened at $148.01 on Tuesday. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.14 and a beta of 1.75. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $170.52. The stock has a fifty day moving average of $140.92 and a 200 day moving average of $132.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. The company had revenue of $8.52 billion during 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 firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, research analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.20 annualized dividend and a yield of 1.5%. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America lifted their price objective on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, September 15th. 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 note on Thursday, July 31st. Citigroup lifted their price objective on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley lifted their price target on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, The Goldman Sachs Group dropped their price target on Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a research note on Monday, September 22nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.30.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AlphaQuest LLC increased its holdings in shares of Nucor by 86.1% in the third quarter. AlphaQuest LLC now owns 4,415 shares of the basic materials company’s stock worth $598,000 after buying an additional 2,042 shares during the period. Arizona State Retirement System increased its holdings in shares of Nucor by 1.0% in the third quarter. Arizona State Retirement System now owns 68,119 shares of the basic materials company’s stock worth $9,225,000 after buying an additional 676 shares during the period. Pittenger & Anderson Inc. increased its holdings in shares of Nucor by 930.7% in the third quarter. Pittenger & Anderson Inc. now owns 20,820 shares of the basic materials company’s stock worth $2,820,000 after buying an additional 18,800 shares during the period. Alpha Cubed Investments LLC increased its holdings in shares of Nucor by 6.7% in the third quarter. Alpha Cubed Investments LLC now owns 2,491 shares of the basic materials company’s stock worth $337,000 after buying an additional 156 shares during the period. Finally, Summit Global Investments purchased a new position in shares of Nucor in the third quarter worth about $336,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

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.