Brendel Financial Advisors LLC Takes $3.37 Million Position in Nucor Corporation $NUE

Brendel Financial Advisors LLC acquired a new stake in shares of Nucor Corporation (NYSE:NUE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 24,882 shares of the basic materials company’s stock, valued at approximately $3,370,000. Nucor makes up 1.7% of Brendel Financial Advisors LLC’s portfolio, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. boosted its stake in shares of Nucor by 51.4% during the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares in the last quarter. Matrix Trust Co increased 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 valued at $31,000 after buying an additional 84 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Nucor in the second quarter valued at approximately $39,000. Geneos Wealth Management Inc. raised its holdings 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. boosted its position in Nucor by 49.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Performance

Shares of NUE opened at $164.79 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $154.55 and its two-hundred day simple moving average is $144.51. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $168.07. The stock has a market capitalization of $37.71 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.30 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the business earned $1.49 EPS. The firm’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, analysts predict that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Increases Dividend

The firm also recently declared 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 represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America upped their price target on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research note on Monday. Morgan Stanley raised their target price on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Wells Fargo & Company set a $176.00 target price on Nucor in a report on Thursday, December 18th. Finally, UBS Group increased their price target on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. 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, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $172.60.

Insider Activity at Nucor

In related news, EVP Thomas J. Batterbee sold 2,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.28, for a total transaction of $330,560.00. Following the transaction, the executive vice president directly owned 17,952 shares of the company’s stock, valued at $2,967,106.56. This represents a 10.02% 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 the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the firm’s stock in a transaction 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. The trade was a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 25,995 shares of company stock worth $3,990,634. Corporate insiders own 0.71% of the company’s stock.

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.