OMERS ADMINISTRATION Corp Lowers Holdings in Nucor Corporation $NUE

OMERS ADMINISTRATION Corp lessened its stake in Nucor Corporation (NYSE:NUE) by 28.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,184 shares of the basic materials company’s stock after selling 6,147 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Nucor were worth $1,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arkadios Wealth Advisors lifted its holdings in Nucor by 45.8% in the first quarter. Arkadios Wealth Advisors now owns 3,741 shares of the basic materials company’s stock valued at $450,000 after acquiring an additional 1,176 shares during the period. Harbour Investments Inc. increased its holdings in shares of Nucor by 27.8% during the 1st quarter. Harbour Investments Inc. now owns 1,822 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 396 shares in the last quarter. Jefferies Financial Group Inc. lifted its stake in shares of Nucor by 69.0% in the 1st quarter. Jefferies Financial Group Inc. now owns 9,918 shares of the basic materials company’s stock valued at $1,194,000 after purchasing an additional 4,050 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Nucor by 7.7% during the first quarter. PNC Financial Services Group Inc. now owns 63,208 shares of the basic materials company’s stock worth $7,606,000 after buying an additional 4,496 shares in the last quarter. Finally, Raiffeisen Bank International AG grew its position in Nucor by 62.1% during the first quarter. Raiffeisen Bank International AG now owns 10,622 shares of the basic materials company’s stock valued at $1,286,000 after buying an additional 4,068 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NUE shares. The Goldman Sachs Group raised their target price on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Wells Fargo & Company raised shares of Nucor from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $147.00 to $167.00 in a research note on Friday, November 14th. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. increased their price objective on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and an average target price of $167.20.

Insider Activity

In related news, CFO Stephen D. Laxton sold 2,003 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.57, for a total transaction of $303,594.71. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John J. Hollatz sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total transaction of $1,049,160.00. Following the completion of the transaction, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. This represents a 6.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,045 shares of company stock valued at $2,720,628. 0.71% of the stock is currently owned by company insiders.

Nucor Price Performance

Shares of NUE opened at $161.22 on Wednesday. The firm has a fifty day moving average price of $144.01 and a 200 day moving average price of $137.90. The stock has a market cap of $36.90 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.14 and a beta of 1.85. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $162.22. 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 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. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, sell-side analysts anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st will be paid a $0.56 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 31st. Nucor’s dividend payout ratio (DPR) is presently 30.90%.

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.