Johnson Financial Group Inc. Lowers Position in Nucor Corporation $NUE

Johnson Financial Group Inc. lessened its stake in shares of Nucor Corporation (NYSE:NUE) by 14.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,794 shares of the basic materials company’s stock after selling 2,754 shares during the period. Johnson Financial Group Inc.’s holdings in Nucor were worth $2,185,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC lifted its position in shares of Nucor by 2.9% during the 2nd quarter. RFG Advisory LLC now owns 2,462 shares of the basic materials company’s stock valued at $319,000 after buying an additional 69 shares in the last quarter. IMA Advisory Services Inc. increased its holdings in Nucor by 51.4% in the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Nucor by 1.9% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 4,326 shares of the basic materials company’s stock worth $560,000 after acquiring an additional 79 shares during the period. Matrix Trust Co lifted its holdings in Nucor by 53.8% during the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares in the last quarter. Finally, Applied Finance Capital Management LLC boosted its position in shares of Nucor by 1.8% in the second quarter. Applied Finance Capital Management LLC now owns 5,908 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 103 shares during the period. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In related news, EVP John J. Hollatz sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. This trade represents a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’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 in the company, valued at $13,364,533.18. This represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,045 shares of company stock worth $2,720,628 in the last quarter. 0.71% of the stock is owned by corporate insiders.

Nucor Stock Performance

Shares of NYSE NUE opened at $159.08 on Thursday. The company has a market cap of $36.41 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.14 and a beta of 1.80. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $159.42. 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’s fifty day moving average is $141.95 and its two-hundred day moving average is $136.56.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.30 by $0.33. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on NUE. Jefferies Financial Group upgraded shares of Nucor from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $170.00 in a research report on Thursday, July 31st. Wells Fargo & Company upgraded Nucor from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $147.00 to $167.00 in a research note on Friday, November 14th. Morgan Stanley raised their price target on Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Citigroup boosted their price objective on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group upped their price objective on Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and a consensus target price of $167.20.

Nucor Profile

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.