Graphene Investments SAS Invests $2.94 Million in Nucor Corporation $NUE

Graphene Investments SAS purchased a new position in shares of Nucor Corporation (NYSE:NUE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,700 shares of the basic materials company’s stock, valued at approximately $2,939,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NUE. IMA Advisory Services Inc. increased 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 worth $29,000 after buying an additional 75 shares during the period. Matrix Trust Co lifted its stake in shares of Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Nucor during the 2nd quarter valued at approximately $39,000. Geneos Wealth Management Inc. grew its holdings in Nucor by 81.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 153 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Nucor by 49.8% in the second 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 last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

NUE stock opened at $162.46 on Wednesday. Nucor Corporation has a one year low of $97.59 and a one year high of $168.07. The firm has a 50-day moving average of $149.21 and a two-hundred day moving average of $141.55. The firm has a market capitalization of $37.18 billion, a PE ratio of 22.82, a P/E/G ratio of 1.17 and a beta of 1.85. 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 (NYSE:NUE) last released its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The business had revenue of $8.52 billion for 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 was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NUE. Citigroup raised their price target on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. JPMorgan Chase & Co. raised their target price on Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Morgan Stanley boosted their price target on shares of Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group raised their price objective on shares of Nucor from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.80.

Insider Activity

In related news, EVP Allen C. Behr sold 9,042 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the transaction, the executive vice president directly owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. The trade was a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the sale, the executive vice president directly owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. This represents a 6.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,045 shares of company stock worth $2,720,628. 0.71% of the stock is owned by corporate insiders.

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.