Prestige Wealth Management Group LLC Buys 3,118 Shares of Nucor Corporation $NUE

Prestige Wealth Management Group LLC increased its stake in Nucor Corporation (NYSE:NUE) by 2,735.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,232 shares of the basic materials company’s stock after purchasing an additional 3,118 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Nucor were worth $529,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in Nucor during the 4th quarter valued at $609,002,000. AQR Capital Management LLC raised its holdings in Nucor by 580.9% during the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock valued at $84,699,000 after acquiring an additional 557,819 shares during the period. Capital World Investors raised its holdings in Nucor by 20.1% during the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock valued at $412,081,000 after acquiring an additional 509,019 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Nucor by 169.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 779,940 shares of the basic materials company’s stock valued at $127,216,000 after acquiring an additional 489,950 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Nucor by 27.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,780,423 shares of the basic materials company’s stock valued at $290,405,000 after acquiring an additional 383,952 shares during the period. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Allen C. Behr sold 10,096 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the transaction, the executive vice president directly owned 62,871 shares in the company, valued at approximately $14,213,875.68. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Noah C. Hanners sold 6,472 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the completion of the transaction, the executive vice president owned 50,377 shares of the company’s stock, valued at $11,410,390.50. This trade represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,378 shares of company stock valued at $18,963,930 in the last three months. 0.62% of the stock is owned by corporate insiders.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analysts have lifted earnings estimates for Nucor on signs of stronger demand, tariff support, and capital projects that may increase future profits. Should Upbeat NUE Earnings Revisions and Leadership Transition Plans Require Action From Nucor Investors?
• Positive Sentiment: BMO Capital Markets raised its price target on Nucor to $285 and reiterated an Outperform rating, signaling further upside potential. MarketScreener
• Positive Sentiment: Another valuation update from GuruFocus put Nucor at roughly fair value around $286, which supports the idea that the stock can sustain its recent strength. NUE Fairly Valued by DCF at $286
• Neutral Sentiment: Nucor also disclosed planned retirement terms for executive David A. Sumoski, highlighting leadership transition planning rather than a major operational change. Should Upbeat NUE Earnings Revisions and Leadership Transition Plans Require Action From Nucor Investors?
• Neutral Sentiment: Valuation opinions remain split, with some analysts seeing Nucor in the mid-$260s to $270s while others still point to more cautious levels near $184, suggesting continued debate over the stock’s fair value. Why The Nucor (NUE) Story Is Shifting As Analyst Views And Valuations Diverge
• Negative Sentiment: EVP John J. Hollatz sold 10,560 shares for about $2.73 million, a transaction investors may view cautiously even though he still owns a substantial stake. Insider trade disclosure

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Nucor from $180.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their target price on shares of Nucor from $240.00 to $260.00 in a report on Friday, May 1st. Jefferies Financial Group boosted their target price on shares of Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company boosted their target price on shares of Nucor from $244.00 to $292.00 and gave the company an “overweight” rating in a report on Thursday. Finally, CICC Research assumed coverage on shares of Nucor in a report on Monday, May 25th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and an average target price of $255.67.

Nucor Stock Up 1.7%

NUE opened at $262.16 on Friday. The company has a fifty day moving average price of $211.86 and a 200-day moving average price of $184.42. The firm has a market capitalization of $59.70 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 0.68 and a beta of 1.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. Nucor Corporation has a one year low of $115.66 and a one year high of $264.67.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Equities research analysts expect that Nucor Corporation will post 14.84 earnings per share for the current fiscal year.

Nucor declared that its Board of Directors has initiated a stock repurchase program on Friday, February 20th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the basic materials company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

About Nucor

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.