Nomura Asset Management Co. Ltd. Boosts Stake in Nucor Corporation $NUE

Nomura Asset Management Co. Ltd. boosted its position in Nucor Corporation (NYSE:NUE) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 438,124 shares of the basic materials company’s stock after purchasing an additional 21,431 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Nucor were worth $56,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. raised its holdings in shares of Nucor by 51.4% in the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after buying an additional 75 shares during the period. Matrix Trust Co boosted its holdings 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 acquiring an additional 84 shares during the period. Geneos Wealth Management Inc. grew its position in 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 last quarter. Meeder Asset Management Inc. grew its position in 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Nucor by 49.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 147 shares during the period. Institutional investors own 76.48% of the company’s stock.

Insider Activity

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the sale, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. This trade represents a 6.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total transaction of $303,594.71. Following the completion of the transaction, the chief financial officer directly owned 88,174 shares in the company, valued at $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 24,133 shares of company stock worth $3,624,149. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NUE. Wall Street Zen raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group lifted their price objective on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Citigroup upped their target price on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.20.

Nucor Trading Up 0.7%

NYSE NUE opened at $148.76 on Tuesday. Nucor Corporation has a one year low of $97.59 and a one year high of $158.48. 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 capitalization of $34.04 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The company’s 50-day simple moving average is $140.56 and its two-hundred day simple moving average is $134.99.

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, beating analysts’ consensus estimates of $2.30 by $0.33. The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

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

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.