Peninsula Asset Management Inc. Raises Position in Nucor Corporation $NUE

Peninsula Asset Management Inc. lifted its stake in shares of Nucor Corporation (NYSE:NUE) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,540 shares of the basic materials company’s stock after buying an additional 4,175 shares during the quarter. Nucor accounts for approximately 1.7% of Peninsula Asset Management Inc.’s holdings, making the stock its 22nd largest holding. Peninsula Asset Management Inc.’s holdings in Nucor were worth $3,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NUE. Vanguard Group Inc. raised its stake in shares of Nucor by 2.6% during the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Nucor by 18.2% in the first 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 during the period. Nordea Investment Management AB grew its holdings in Nucor by 10.6% during 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 Nucor by 5.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company’s stock worth $213,342,000 after buying an additional 92,363 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new position in Nucor in the 1st quarter worth $194,804,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In related news, EVP Allen C. Behr sold 9,042 shares of Nucor stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the sale, the executive vice president directly owned 73,661 shares in the company, valued at $11,143,436.08. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel R. Needham sold 7,200 shares of the company’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 transaction of $1,051,200.00. Following the completion of the sale, the executive vice president directly 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 sold 34,333 shares of company stock worth $5,075,189 over the last quarter. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price on Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a research note on Monday, September 22nd. Wall Street Zen lowered Nucor from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley lifted their price objective on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Finally, Citigroup lifted their price target on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.30.

Nucor Stock Performance

NUE stock opened at $144.19 on Monday. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. The firm has a market cap of $33.10 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.14 and a beta of 1.80. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $161.17. The stock’s 50 day simple moving average is $140.53 and its 200 day simple moving average is $133.78.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $8.27 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, equities research analysts predict that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Announces Dividend

The firm 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 yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s dividend payout ratio is 30.90%.

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.