Fisher Asset Management LLC Lowers Stake in Nucor Corporation $NUE

Fisher Asset Management LLC trimmed its holdings in Nucor Corporation (NYSE:NUE) by 17.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 234,467 shares of the basic materials company’s stock after selling 51,101 shares during the period. Fisher Asset Management LLC owned 0.10% of Nucor worth $30,373,000 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 NUE. IMA Advisory Services Inc. raised its stake in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 75 shares during the last quarter. Matrix Trust Co raised its stake in shares of 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 purchasing an additional 84 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Nucor during the second quarter worth $39,000. Geneos Wealth Management Inc. grew its position in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 valued at $57,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Nucor stock opened at $161.22 on Wednesday. The firm has a market capitalization of $36.90 billion, a PE ratio of 22.64, a P/E/G ratio of 1.14 and a beta of 1.85. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $162.22. The firm’s 50-day simple moving average is $144.01 and its 200 day simple moving average is $137.90. 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 announced its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) 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 analysts’ expectations of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, equities research analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.56 per share. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date 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 currently 30.90%.

Wall Street Analyst Weigh In

NUE has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group raised their price target on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $147.00 to $167.00 in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nucor in a report on Monday. Finally, Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.20.

Insiders Place Their Bets

In related news, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction dated 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 in the company, valued at approximately $13,364,533.18. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John J. Hollatz sold 7,000 shares of the business’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 completion of the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at $14,470,914. The trade was a 6.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,045 shares of company stock valued at $2,720,628. Corporate insiders own 0.71% 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.