Nucor Corporation $NUE Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its holdings in Nucor Corporation (NYSE:NUE) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,615 shares of the basic materials company’s stock after selling 199 shares during the period. New York Life Investment Management LLC’s holdings in Nucor were worth $4,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NUE. Diamond Hill Capital Management Inc. acquired a new stake in Nucor in the 1st quarter valued at about $194,804,000. Nuveen LLC purchased a new position in Nucor in the 1st quarter valued at about $141,216,000. Vanguard Group Inc. lifted its holdings in Nucor by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Nucor by 355.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock valued at $72,327,000 after purchasing an additional 420,970 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Nucor by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock valued at $277,920,000 after purchasing an additional 355,364 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research report on Wednesday. UBS Group increased their price objective on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Bank of America upped their price target on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.30.

Insiders Place Their Bets

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 shares were 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 $12,183,192. The trade was a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Keller sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $148.41, for a total transaction of $903,520.08. Following the sale, the insider owned 22,464 shares of the company’s stock, valued at approximately $3,333,882.24. This represents a 21.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,288 shares of company stock worth $3,403,720 over the last ninety days. 0.46% of the stock is owned by company insiders.

Nucor Price Performance

NUE opened at $149.56 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $170.52. The company has a 50 day moving average of $140.89 and a two-hundred day moving average of $131.95. The company has a market cap of $34.33 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.14 and a beta of 1.75.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.33. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the firm earned $1.49 earnings per share. Nucor’s revenue for the quarter was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, analysts expect that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

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

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.