Insider Selling: Nucor (NYSE:NUE) EVP Sells 5,950 Shares of Stock
by Teresa Graham · The Cerbat GemNucor Corporation (NYSE:NUE – Get Free Report) EVP Allen Behr sold 5,950 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $157.89, for a total transaction of $939,445.50. Following the transaction, the executive vice president owned 67,711 shares of the company’s stock, valued at approximately $10,690,889.79. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Nucor Stock Down 0.3%
Shares of NYSE:NUE traded down $0.49 during midday trading on Tuesday, reaching $163.77. The company had a trading volume of 492,457 shares, compared to its average volume of 2,143,537. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $168.07. The stock has a market cap of $37.48 billion, a PE ratio of 23.00, a P/E/G ratio of 1.23 and a beta of 1.85. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average price is $151.11 and its 200 day moving average price is $142.66.
Nucor (NYSE:NUE – Get Free Report) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.30 by $0.33. The firm had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Research analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.
Nucor Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.56 per share. The ex-dividend date is Wednesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a yield of 1.4%. Nucor’s dividend payout ratio is presently 30.90%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on NUE. Bank of America boosted their price objective on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. UBS Group lifted their price target on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price target on Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Wells Fargo & Company set a $176.00 price objective on Nucor in a research report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Nucor in a research note on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $172.60.
Check Out Our Latest Analysis on NUE
Hedge Funds Weigh In On Nucor
A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Nucor by 0.7% in the second quarter. Vanguard Group Inc. now owns 29,171,068 shares of the basic materials company’s stock valued at $3,778,820,000 after purchasing an additional 211,741 shares in the last quarter. State Street Corp increased its holdings in Nucor by 3.1% in the 2nd quarter. State Street Corp now owns 12,501,779 shares of the basic materials company’s stock valued at $1,626,321,000 after buying an additional 371,911 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Nucor in the 2nd quarter valued at approximately $856,792,000. Norges Bank bought a new stake in shares of Nucor during the 2nd quarter worth approximately $479,858,000. Finally, Capital World Investors lifted its holdings in shares of Nucor by 20.1% during the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock worth $412,081,000 after acquiring an additional 509,019 shares during the period. Institutional investors own 76.48% of the company’s stock.
Nucor Company Profile
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.
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