Nucor Corporation $NUE Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its stake in Nucor Corporation (NYSE:NUE) by 383.6% in the third quarter, Holdings Channel reports. The firm owned 4,991 shares of the basic materials company’s stock after purchasing an additional 3,959 shares during the period. First Citizens Bank & Trust Co.’s holdings in Nucor were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its stake in Nucor by 5.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,645 shares of the basic materials company’s stock valued at $618,000 after purchasing an additional 130 shares in the last quarter. Courier Capital LLC lifted its stake in shares of Nucor by 100.0% during the third quarter. Courier Capital LLC now owns 3,490 shares of the basic materials company’s stock worth $816,000 after buying an additional 1,745 shares during the period. Sax Wealth Advisors LLC lifted its stake in shares of Nucor by 224.2% during the third quarter. Sax Wealth Advisors LLC now owns 7,926 shares of the basic materials company’s stock worth $1,853,000 after buying an additional 5,481 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in shares of Nucor during the third quarter worth $218,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Nucor by 3.5% during the third quarter. Avior Wealth Management LLC now owns 1,506 shares of the basic materials company’s stock valued at $352,000 after buying an additional 51 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Performance

Shares of NYSE NUE opened at $254.71 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11. The company has a 50 day simple moving average of $254.04 and a two-hundred day simple moving average of $237.89. The stock has a market cap of $57.79 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.63 and a beta of 1.84.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, beating the consensus estimate of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.60 EPS. As a group, analysts predict that Nucor Corporation will post 19.62 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s dividend payout ratio is presently 17.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. KeyCorp reduced their target price on Nucor from $288.00 to $286.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Bank of America reduced their target price on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wells Fargo & Company lowered their price target on Nucor from $285.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Finally, Morgan Stanley set a $270.00 price target on Nucor in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.07.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research upgraded Nucor from “Hold” to “Strong Buy,” potentially improving investor sentiment toward the stock. Best Momentum Stocks to Buy for October 14th
• Positive Sentiment: Zacks also raised its Q4 2026 EPS forecast to $6.84 from $4.81 and its FY2027 estimate to $19.44 from $18.83, signaling stronger expected earnings momentum. Nucor earnings estimate revisions
• Positive Sentiment: Nucor is investing an additional $105 million to expand its Crawfordsville, Indiana, utility-pole facility. The project will add more than 120,000 square feet of automated manufacturing space and 100 jobs, positioning the company to benefit from rising U.S. power-transmission and grid-infrastructure demand. Nucor’s US$105 Million Grid Investment
• Neutral Sentiment: NUE was included on Zacks’ Strong Buy momentum and value-stock lists. However, the stock’s strong recent performance may raise valuation and profit-taking concerns, particularly with shares trading near their 52-week high. Best Value Stocks to Buy for October 14th
• Negative Sentiment: Fresh doubt about U.S. trade policy and potential tariffs weighed on steelmakers, including Nucor. Investors remain concerned that shifting tariff rules could disrupt pricing, demand and trade flows across the domestic steel industry. Cleveland-Cliffs Drops as Tariff Doubt Returns

Insider Buying and Selling at Nucor

In other Nucor news, EVP Thomas Batterbee sold 4,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president directly owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This trade represents a 19.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen Laxton sold 3,968 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at $20,008,704.32. This represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by corporate insiders.

About Nucor

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.