Arjuna Capital Trims Stake in Nucor Corporation $NUE

Arjuna Capital cut its stake in Nucor Corporation (NYSE:NUE) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,490 shares of the basic materials company’s stock after selling 503 shares during the period. Arjuna Capital’s holdings in Nucor were worth $1,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arkadios Wealth Advisors grew its stake in Nucor by 45.8% in the first quarter. Arkadios Wealth Advisors now owns 3,741 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 1,176 shares during the period. Natixis Advisors LLC lifted its position in Nucor by 12.4% during the first quarter. Natixis Advisors LLC now owns 91,532 shares of the basic materials company’s stock valued at $11,015,000 after buying an additional 10,065 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Nucor by 27.8% during the 1st quarter. Harbour Investments Inc. now owns 1,822 shares of the basic materials company’s stock valued at $219,000 after buying an additional 396 shares in the last quarter. Jefferies Financial Group Inc. grew its position in shares of Nucor by 69.0% in the 1st quarter. Jefferies Financial Group Inc. now owns 9,918 shares of the basic materials company’s stock worth $1,194,000 after buying an additional 4,050 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Nucor by 7.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 63,208 shares of the basic materials company’s stock worth $7,606,000 after acquiring an additional 4,496 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analysts Set New Price Targets

NUE has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a report on Monday, November 17th. UBS Group upped their price target on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Citigroup lifted their price objective on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. 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 report on Monday, September 15th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.20.

Nucor Price Performance

Shares of NYSE NUE opened at $160.64 on Tuesday. The firm has a market cap of $36.76 billion, a P/E ratio of 22.56, a PEG ratio of 1.14 and a beta of 1.80. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $162.22. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $143.49 and a 200 day moving average of $137.58.

Nucor (NYSE:NUE) last issued its earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.30 by $0.33. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business posted $1.49 EPS. The company’s revenue 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, research analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st will be given a $0.56 dividend. This is a positive change from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.24 dividend on an annualized basis and a yield of 1.4%. Nucor’s payout ratio is presently 30.90%.

Insider Buying and Selling at Nucor

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 96,550 shares in the company, valued at approximately $14,470,914. This represents a 6.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction that occurred 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 sale, the chief financial officer owned 88,174 shares of the company’s stock, 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. In the last 90 days, insiders have sold 18,045 shares of company stock worth $2,720,628. Company insiders own 0.46% of the company’s stock.

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.