Quinn Opportunity Partners LLC Sells 4,000 Shares of Nucor Corporation $NUE

Quinn Opportunity Partners LLC cut its holdings in shares of Nucor Corporation (NYSE:NUE) by 20.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,000 shares of the basic materials company’s stock after selling 4,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Nucor were worth $2,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NUE. Vanguard Group Inc. increased its position in Nucor by 2.6% during the 1st 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 increased its position in shares of Nucor by 18.2% during 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 buying an additional 355,364 shares during the period. Nordea Investment Management AB raised its stake in Nucor by 10.6% in the second quarter. Nordea Investment Management AB now owns 1,856,100 shares of the basic materials company’s stock worth $244,059,000 after buying an additional 177,420 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Nucor by 5.5% in the first 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 in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Nucor in the first quarter worth about $194,804,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NUE. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $170.00 in a research report on Thursday, July 31st. UBS Group upped their target price on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Citigroup increased 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.30.

Insider Buying and Selling at Nucor

In related news, EVP Daniel R. Needham sold 7,200 shares of Nucor 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 sale, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. This trade represents a 7.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Keller sold 6,088 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $148.41, for a total value of $903,520.08. Following the completion of the sale, the insider owned 22,464 shares in the company, valued at $3,333,882.24. This represents a 21.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,333 shares of company stock worth $5,075,189. Insiders own 0.46% of the company’s stock.

Nucor Price Performance

Shares of NYSE NUE opened at $143.99 on Wednesday. The firm has a market cap of $33.05 billion, a P/E ratio of 20.22, a PEG ratio of 1.14 and a beta of 1.80. The company has a 50 day moving average of $140.36 and a 200 day moving average of $134.18. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $158.48. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the company posted $1.49 earnings per share. The company’s quarterly 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, research analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 30th. Nucor’s payout ratio is currently 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.