State Board of Administration of Florida Retirement System Acquires 2,550 Shares of Nucor Corporation $NUE

State Board of Administration of Florida Retirement System grew its stake in shares of Nucor Corporation (NYSE:NUE) by 1.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 231,929 shares of the basic materials company’s stock after acquiring an additional 2,550 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Nucor were worth $30,044,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Nucor by 0.7% in the second quarter. Vanguard Group Inc. now owns 29,171,068 shares of the basic materials company’s stock valued at $3,778,820,000 after acquiring an additional 211,741 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nucor by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock valued at $277,920,000 after purchasing an additional 355,364 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Nucor by 10.6% in the 2nd quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock valued at $244,059,000 after purchasing an additional 177,420 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Nucor by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,830,200 shares of the basic materials company’s stock valued at $237,084,000 after purchasing an additional 57,369 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Nucor by 16.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,610,933 shares of the basic materials company’s stock worth $193,863,000 after buying an additional 226,343 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Trading Up 0.2%

NUE opened at $159.49 on Friday. The company has a fifty day moving average price of $142.97 and a two-hundred day moving average price of $137.12. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $159.95. The company has a market cap of $36.50 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last issued its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The company had revenue of $8.52 billion for 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%.Nucor’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

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

Insider Activity at Nucor

In related news, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer owned 88,174 shares in the company, valued at approximately $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allen C. Behr sold 9,042 shares of the stock in a transaction on Thursday, October 30th. The stock was 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 of the company’s stock, valued at $11,143,436.08. The trade was a 10.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 18,045 shares of company stock valued at $2,720,628. 0.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NUE. Bank of America increased their target price on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Citigroup upped their price objective on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company upgraded shares of Nucor from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $147.00 to $167.00 in a research report on Friday, November 14th. Finally, UBS Group boosted their target price on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.20.

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.