Nucor Corporation $NUE Shares Sold by Choreo LLC

Choreo LLC reduced its stake in shares of Nucor Corporation (NYSE:NUE) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,589 shares of the basic materials company’s stock after selling 1,189 shares during the quarter. Choreo LLC’s holdings in Nucor were worth $1,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hudson Capital Management LLC lifted its stake in shares of Nucor by 6.6% in the 2nd quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock worth $4,506,000 after acquiring an additional 2,154 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Nucor by 138.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock worth $15,745,000 after purchasing an additional 70,581 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Nucor during the second quarter worth about $236,000. Oppenheimer Asset Management Inc. acquired a new stake in Nucor in the second quarter valued at about $5,225,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Nucor by 11.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 135,065 shares of the basic materials company’s stock valued at $17,496,000 after purchasing an additional 14,106 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nucor

In related 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 transaction of $1,049,160.00. Following the sale, the executive vice president owned 96,550 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total value of $303,594.71. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,045 shares of company stock valued at $2,720,628. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NUE shares. JPMorgan Chase & Co. upped their price target on shares of Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $167.00 in a research note on Friday, November 14th. UBS Group lifted their price objective on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. The Goldman Sachs Group upped their target price on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Finally, Citigroup lifted their price target on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $167.20.

Nucor Stock Performance

Nucor stock opened at $159.49 on Friday. 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 $36.50 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.14 and a beta of 1.80. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $159.95. The stock has a fifty day moving average of $142.97 and a two-hundred day moving average of $137.12.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The firm had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 EPS. 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 fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Nucor’s payout ratio is currently 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.