Cornerstone Advisors LLC Sells 1,300 Shares of Nucor Corporation $NUE

Cornerstone Advisors LLC cut its stake in shares of Nucor Corporation (NYSE:NUE) by 19.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,300 shares of the basic materials company’s stock after selling 1,300 shares during the period. Cornerstone Advisors LLC’s holdings in Nucor were worth $687,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NUE. Citizens Financial Group Inc. RI grew its holdings in Nucor by 7.1% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,131 shares of the basic materials company’s stock worth $665,000 after acquiring an additional 338 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Nucor by 266.7% during the 2nd quarter. Intech Investment Management LLC now owns 95,121 shares of the basic materials company’s stock worth $12,322,000 after purchasing an additional 69,178 shares during the period. Cetera Investment Advisers increased its holdings in Nucor by 12.3% in the second quarter. Cetera Investment Advisers now owns 132,577 shares of the basic materials company’s stock valued at $17,174,000 after buying an additional 14,558 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Nucor by 197.5% in the 2nd quarter. SG Americas Securities LLC now owns 17,521 shares of the basic materials company’s stock worth $2,270,000 after acquiring an additional 35,489 shares during the period. Finally, Meridian Wealth Management LLC raised its holdings in Nucor by 4.9% during the second quarter. Meridian Wealth Management LLC now owns 3,284 shares of the basic materials company’s stock worth $425,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Activity

In related news, insider Michael D. Keller sold 6,088 shares of Nucor stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $148.41, for a total value of $903,520.08. Following the sale, the insider directly owned 22,464 shares in the company, valued at $3,333,882.24. This trade represents a 21.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John J. Hollatz sold 7,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at $14,470,914. The trade was a 6.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,133 shares of company stock worth $3,624,149 over the last ninety days. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

NUE has been the subject of a number of analyst reports. Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $147.00 to $167.00 in a report on Friday. The Goldman Sachs Group raised their price objective on shares of Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. UBS Group upped their target price on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Bank of America lifted their price target on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $167.20.

Nucor Stock Performance

Shares of NYSE NUE opened at $147.80 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $140.46 and its two-hundred day moving average price is $134.79. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $158.48. The stock has a market capitalization of $33.93 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.14 and a beta of 1.80.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.33. The business 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%.The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, sell-side analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current 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 issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Nucor’s payout ratio is 30.90%.

Nucor Company 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.