New York Life Investment Management LLC Reduces Holdings in Nucor Corporation $NUE

New York Life Investment Management LLC lowered its position in shares of Nucor Corporation (NYSE:NUE) by 0.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,615 shares of the basic materials company’s stock after selling 199 shares during the period. New York Life Investment Management LLC’s holdings in Nucor were worth $4,484,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. United Capital Management of KS Inc. raised its stake in shares of Nucor by 2.1% during the second quarter. United Capital Management of KS Inc. now owns 82,264 shares of the basic materials company’s stock valued at $10,656,000 after purchasing an additional 1,730 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Nucor by 2.0% in the second quarter. Teacher Retirement System of Texas now owns 35,040 shares of the basic materials company’s stock worth $4,539,000 after buying an additional 688 shares during the last quarter. Transcend Capital Advisors LLC bought a new position in Nucor during the 2nd quarter valued at $267,000. Envestnet Asset Management Inc. boosted its stake in Nucor by 8.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 331,510 shares of the basic materials company’s stock valued at $42,944,000 after acquiring an additional 26,504 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Nucor during the 2nd quarter valued at $5,225,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Activity at Nucor

In other Nucor news, insider Michael D. Keller sold 6,088 shares of the firm’s stock in a transaction that occurred on 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 owned 22,464 shares in the company, valued at approximately $3,333,882.24. This trade represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel R. Needham sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total value of $1,051,200.00. Following the transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. This represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,288 shares of company stock worth $3,403,720 in the last ninety days. 0.46% of the stock is owned by insiders.

Nucor Stock Down 3.2%

NUE stock opened at $149.56 on Friday. 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 Corporation has a 1-year low of $97.59 and a 1-year high of $170.52. The firm has a fifty day moving average price of $140.89 and a two-hundred day moving average price of $131.95. The firm has a market cap of $34.33 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.14 and a beta of 1.75.

Nucor (NYSE:NUE) last released 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. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. Research analysts predict that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s dividend payout ratio (DPR) is 30.90%.

Analysts Set New Price Targets

A number of research firms have commented on NUE. 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. UBS Group increased their price objective on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday. Jefferies Financial Group upgraded shares of Nucor from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $170.00 in a research note on Thursday, July 31st. Finally, Citigroup increased their price objective on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.30.

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.