Fidelis Capital Partners LLC Acquires Shares of 1,702 Nucor Corporation $NUE

Fidelis Capital Partners LLC bought a new position in Nucor Corporation (NYSE:NUE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,702 shares of the basic materials company’s stock, valued at approximately $236,000.

Several other institutional investors also recently modified their holdings of NUE. Matrix Trust Co boosted its stake in Nucor by 53.8% during the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Nucor by 81.8% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 153 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Nucor by 209.6% during the first quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 283 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Nucor by 49.8% in the 2nd 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 in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Nucor in the 2nd quarter worth approximately $58,000. 76.48% of the stock is currently owned by institutional investors.

Insider Activity at Nucor

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction dated Monday, August 18th. The stock was 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 represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Rex Query sold 10,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $144.90, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,333 shares of company stock valued at $5,075,189 in the last 90 days. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NUE shares. Jefferies Financial Group upgraded Nucor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $170.00 in a research note on Thursday, July 31st. The Goldman Sachs Group lowered their price target on Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. Citigroup increased their price objective on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Bank of America upped their target price 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. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.30.

Nucor Stock Performance

Shares of NYSE NUE opened at $143.99 on Wednesday. The firm’s 50-day moving average price is $140.36 and its 200-day moving average price is $134.18. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $158.48. The company has a market cap of $33.05 billion, a PE ratio of 20.22, a PEG ratio of 1.14 and a beta of 1.80. 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 (NYSE:NUE) last issued its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, 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 was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Nucor’s payout ratio is presently 30.90%.

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.