Texas Permanent School Fund Corp Sells 9,368 Shares of Nucor Corporation $NUE

Texas Permanent School Fund Corp decreased its holdings in Nucor Corporation (NYSE:NUE) by 36.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,238 shares of the basic materials company’s stock after selling 9,368 shares during the period. Texas Permanent School Fund Corp’s holdings in Nucor were worth $2,103,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc acquired a new position in shares of Nucor during the 2nd quarter worth approximately $856,792,000. Norges Bank acquired a new position in shares of Nucor in the second quarter valued at $479,858,000. Greenwich Wealth Management LLC bought a new position in shares of Nucor in the second quarter valued at about $123,145,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Nucor during the 2nd quarter worth about $105,435,000. Finally, AQR Capital Management LLC lifted its stake in shares of Nucor by 580.9% during the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after buying an additional 557,819 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nucor

In related news, EVP Allen C. Behr sold 9,042 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the sale, the executive vice president owned 73,661 shares in the company, valued at approximately $11,143,436.08. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John J. Hollatz sold 7,000 shares of Nucor 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 completion of the transaction, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. This trade represents a 6.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,045 shares of company stock valued at $2,720,628 in the last ninety days. 0.71% of the stock is currently owned by company insiders.

Nucor Trading Up 0.6%

Shares of NYSE:NUE opened at $158.78 on Monday. The business’s 50 day simple moving average is $150.56 and its 200 day simple moving average is $142.34. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $168.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The company has a market capitalization of $36.34 billion, a P/E ratio of 22.30, a P/E/G ratio of 1.23 and a beta of 1.85.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, research analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NUE shares. Citigroup increased their price target on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Morgan Stanley increased their target price on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Jefferies Financial Group lifted their price target on Nucor from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. JPMorgan Chase & Co. boosted their price target on Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Finally, UBS Group increased their price objective on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and an average target price of $172.60.

About Nucor

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.