Envestnet Asset Management Inc. Buys 26,504 Shares of Nucor Corporation $NUE

Envestnet Asset Management Inc. increased its stake in shares of Nucor Corporation (NYSE:NUE) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,510 shares of the basic materials company’s stock after buying an additional 26,504 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Nucor worth $42,944,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in Nucor during the second quarter worth $5,225,000. Brighton Jones LLC boosted its stake in shares of Nucor by 70.1% in the 2nd quarter. Brighton Jones LLC now owns 7,895 shares of the basic materials company’s stock valued at $1,023,000 after purchasing an additional 3,254 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new stake in shares of Nucor in the 2nd quarter worth about $281,000. Focus Partners Advisor Solutions LLC increased its position in shares of Nucor by 32.7% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 11,139 shares of the basic materials company’s stock worth $1,443,000 after purchasing an additional 2,747 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. bought a new position in Nucor during the 2nd quarter valued at about $421,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Up 0.4%

NYSE:NUE opened at $150.33 on Friday. The stock’s fifty day moving average price is $140.95 and its two-hundred day moving average price is $132.38. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $170.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The company has a market cap of $34.51 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.14 and a beta of 1.75.

Nucor (NYSE:NUE) last released its 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. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the firm earned $1.49 EPS. The business’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 anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on NUE shares. UBS Group upped their price objective on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a report on Wednesday. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $170.00 in a report on Thursday, July 31st. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. increased their target price on Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.30.

Insider Buying and Selling at Nucor

In other news, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. This trade represents a 7.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 10,000 shares of Nucor 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 sale, the executive vice president owned 84,080 shares of the company’s stock, valued at approximately $12,183,192. This represents a 10.63% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,288 shares of company stock worth $3,403,720. Company insiders own 0.46% of the company’s stock.

About Nucor

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.