Wealthfront Advisers LLC Decreases Stock Position in Nucor Corporation $NUE

Wealthfront Advisers LLC lessened its holdings in Nucor Corporation (NYSE:NUE) by 29.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 30,061 shares of the basic materials company’s stock after selling 12,827 shares during the period. Wealthfront Advisers LLC’s holdings in Nucor were worth $3,894,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Matrix Trust Co increased its stake in Nucor by 53.8% during the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 153 shares during the period. Meeder Asset Management Inc. increased its position in shares of Nucor by 209.6% in the 1st quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 283 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Nucor by 49.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 147 shares during the period. Finally, Proathlete Wealth Management LLC acquired a new stake in Nucor during the 2nd quarter worth about $58,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

Shares of Nucor stock opened at $151.83 on Wednesday. The firm has a market cap of $34.85 billion, a PE ratio of 21.32, a P/E/G ratio of 1.07 and a beta of 1.75. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $170.52. The company has a quick ratio of 1.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $140.55 and a 200 day moving average price of $131.53.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. Nucor had a return on equity of 7.85% and a net margin of 5.18%.The business had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. Sell-side analysts predict that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a $0.55 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Nucor’s dividend payout ratio (DPR) is 39.71%.

Insider Activity at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the completion of the sale, the executive vice president directly owned 84,080 shares in the company, valued at approximately $12,183,192. The trade was a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $146.00, for a total value of $1,051,200.00. Following the completion of the transaction, the executive vice president owned 92,179 shares in the company, valued at approximately $13,458,134. This trade represents a 7.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,309 shares of company stock worth $4,553,771 over the last three months. Company insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NUE shares. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. Bank of America upped their price objective on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. The Goldman Sachs Group cut their price objective on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 22nd. Finally, Morgan Stanley boosted their target price on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.20.

Nucor 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.