Allianz SE Has $342,000 Stock Position in Nucor Corporation $NUE

Allianz SE cut its position in Nucor Corporation (NYSE:NUE) by 36.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,640 shares of the basic materials company’s stock after selling 1,540 shares during the period. Allianz SE’s holdings in Nucor were worth $342,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Diamond Hill Capital Management Inc. bought a new stake in Nucor during the 1st quarter worth about $194,804,000. Nuveen LLC bought a new position in shares of Nucor in the 1st quarter valued at about $141,216,000. Vanguard Group Inc. grew its position in shares of Nucor by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock worth $3,484,965,000 after buying an additional 745,671 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Nucor by 355.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock worth $72,327,000 after buying an additional 420,970 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Nucor by 18.2% in the first 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 buying an additional 355,364 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NUE shares. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $170.00 in a report on Thursday, July 31st. Morgan Stanley upped their price target on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. UBS Group boosted their price target on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Wells Fargo & Company upped 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, October 29th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.30.

Nucor Price Performance

NUE stock opened at $145.90 on Friday. The stock has a 50-day moving average price of $140.45 and a two-hundred day moving average price of $134.35. The stock has a market cap of $33.49 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $158.48.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders 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 of this dividend was Tuesday, September 30th. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

Insider Buying and Selling

In other news, EVP Kenneth Rex Query sold 10,000 shares of the business’s stock in a transaction on 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 $12,183,192. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at approximately $13,364,533.18. This trade represents a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,333 shares of company stock valued at $5,075,189 over the last ninety days. 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.