Nucor Corporation $NUE Holdings Boosted by Franklin Resources Inc.

Franklin Resources Inc. raised its position in shares of Nucor Corporation (NYSE:NUE) by 15.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 353,149 shares of the basic materials company’s stock after acquiring an additional 47,688 shares during the period. Franklin Resources Inc.’s holdings in Nucor were worth $45,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NUE. Brandywine Global Investment Management LLC purchased a new stake in Nucor in the 2nd quarter worth about $19,641,000. Magnetar Financial LLC acquired a new position in shares of Nucor in the 2nd quarter valued at about $8,265,000. Swiss National Bank lifted its position in shares of Nucor by 5.5% in the second quarter. Swiss National Bank now owns 698,400 shares of the basic materials company’s stock worth $90,471,000 after purchasing an additional 36,100 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Nucor during the second quarter worth approximately $717,000. Finally, Inspire Advisors LLC boosted its holdings in shares of Nucor by 12.2% during the second quarter. Inspire Advisors LLC now owns 6,483 shares of the basic materials company’s stock worth $840,000 after purchasing an additional 704 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

NYSE NUE opened at $156.10 on Wednesday. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $158.48. The stock’s 50-day moving average is $141.62 and its two-hundred day moving average is $136.40. The firm has a market cap of $35.73 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 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 business had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the firm posted $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. On average, analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NUE shares. Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. The Goldman Sachs Group increased their price objective on Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Wells Fargo & Company upgraded Nucor from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $167.00 in a research note on Friday, November 14th. JPMorgan Chase & Co. raised their price target on Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley boosted their price target on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.20.

Insider Transactions at Nucor

In related news, EVP Allen C. Behr sold 9,042 shares of Nucor stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total value of $1,367,873.76. Following the transaction, the executive vice president owned 73,661 shares in the company, valued at $11,143,436.08. This trade represents a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $151.57, for a total transaction of $303,594.71. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 18,045 shares of company stock worth $2,720,628. 0.46% of the stock is owned by 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.