Allstate Corp Makes New Investment in Nucor Corporation $NUE

Allstate Corp bought a new stake in shares of Nucor Corporation (NYSE:NUE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,008 shares of the basic materials company’s stock, valued at approximately $1,085,000.

A number of other institutional investors have also recently made changes to their positions in NUE. Formidable Asset Management LLC acquired a new position in Nucor in the 3rd quarter valued at $272,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Nucor by 9.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 888,990 shares of the basic materials company’s stock worth $120,396,000 after buying an additional 75,075 shares in the last quarter. Maryland State Retirement & Pension System raised its position in shares of Nucor by 5.6% in the third quarter. Maryland State Retirement & Pension System now owns 11,702 shares of the basic materials company’s stock valued at $1,585,000 after buying an additional 620 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Nucor by 3.1% in the third quarter. Evergreen Capital Management LLC now owns 9,011 shares of the basic materials company’s stock valued at $1,225,000 after buying an additional 271 shares during the last quarter. Finally, Bull Street Advisors LLC lifted its stake in shares of Nucor by 10.8% in the third quarter. Bull Street Advisors LLC now owns 12,133 shares of the basic materials company’s stock worth $1,643,000 after buying an additional 1,186 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Performance

Shares of NUE stock opened at $180.20 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The firm has a market cap of $41.24 billion, a P/E ratio of 25.31, a P/E/G ratio of 0.95 and a beta of 1.87. The firm’s 50 day moving average price is $162.36 and its 200-day moving average price is $148.88. Nucor Corporation has a one year low of $97.59 and a one year high of $181.64.

Nucor (NYSE:NUE) last posted its earnings results 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. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the firm earned $1.49 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, equities research analysts predict that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio is currently 31.46%.

Insider Transactions at Nucor

In other news, EVP Allen C. Behr sold 9,042 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $11,143,436.08. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total transaction of $303,594.71. Following the completion of the transaction, the chief financial officer owned 88,174 shares of the company’s stock, valued at $13,364,533.18. This trade represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 25,995 shares of company stock valued at $3,990,634. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NUE shares. UBS Group upped their price objective on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wells Fargo & Company set a $176.00 target price on Nucor in a report on Thursday, December 18th. BNP Paribas Exane increased their price target on Nucor from $165.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Wall Street Zen downgraded Nucor from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Jefferies Financial Group upped their target price on Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.27.

Nucor Profile

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.