Atlantic Union Bankshares Corp Reduces Stock Holdings in Nucor Corporation $NUE

Atlantic Union Bankshares Corp reduced its position in Nucor Corporation (NYSE:NUE) by 81.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,478 shares of the basic materials company’s stock after selling 24,004 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Nucor were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Ellevest Inc. bought a new stake in Nucor in the 2nd quarter valued at about $594,000. Jacobson & Schmitt Advisors LLC purchased a new stake in shares of Nucor during the 2nd quarter valued at approximately $285,000. Cassaday & Co Wealth Management LLC purchased a new position in Nucor in the 2nd quarter valued at approximately $229,000. Prosperity Consulting Group LLC bought a new stake in Nucor during the 2nd quarter valued at $265,000. Finally, Huntington National Bank boosted its holdings in shares of Nucor by 3.6% in the second quarter. Huntington National Bank now owns 53,386 shares of the basic materials company’s stock worth $6,916,000 after acquiring an additional 1,867 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NUE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Wall Street Zen lowered shares of Nucor from a “buy” rating to a “hold” rating in a research report on Sunday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Finally, Bank of America boosted their target price on 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.30.

Insiders Place Their Bets

In related news, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total value of $1,367,873.76. Following the transaction, the executive vice president owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total transaction of $303,594.71. Following the sale, the chief financial officer owned 88,174 shares of the company’s stock, valued at $13,364,533.18. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,333 shares of company stock valued at $5,075,189. 0.46% of the stock is currently owned by company insiders.

Nucor Stock Down 0.3%

Shares of Nucor stock opened at $144.19 on Friday. The company has a 50-day moving average of $140.53 and a 200 day moving average of $133.63. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $161.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The firm has a market cap of $33.10 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.14 and a beta of 1.80.

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

Nucor Announces Dividend

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