Nucor Corporation $NUE Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Nucor Corporation (NYSE:NUE) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 411,213 shares of the basic materials company’s stock after purchasing an additional 12,485 shares during the period. California Public Employees Retirement System owned 0.18% of Nucor worth $53,269,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NUE. RFG Advisory LLC grew its holdings in shares of Nucor by 2.9% during the second quarter. RFG Advisory LLC now owns 2,462 shares of the basic materials company’s stock worth $319,000 after buying an additional 69 shares during the last quarter. IMA Advisory Services Inc. lifted its position in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 75 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in Nucor by 1.9% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 4,326 shares of the basic materials company’s stock worth $560,000 after acquiring an additional 79 shares during the period. Matrix Trust Co grew its stake in shares of Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its holdings in shares of Nucor by 1.8% in the second quarter. Applied Finance Capital Management LLC now owns 5,908 shares of the basic materials company’s stock valued at $765,000 after purchasing an additional 103 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Trading Down 0.8%

Shares of NUE opened at $158.05 on Wednesday. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $166.26. 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 capitalization of $36.17 billion, a P/E ratio of 22.20, a PEG ratio of 1.16 and a beta of 1.85. The firm’s 50-day moving average is $146.48 and its two-hundred day moving average is $139.61.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. The business had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, research analysts predict that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st will be given a $0.56 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 31st. Nucor’s dividend payout ratio (DPR) is 30.90%.

Insider Transactions at Nucor

In other Nucor news, EVP Allen C. Behr sold 9,042 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 73,661 shares in the company, valued at approximately $11,143,436.08. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John J. Hollatz sold 7,000 shares of the company’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 completion of the sale, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. This trade represents a 6.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,045 shares of company stock valued at $2,720,628 in the last 90 days. 0.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Wells Fargo & Company upgraded shares of Nucor from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $167.00 in a research note on Friday, November 14th. Citigroup increased their price target on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Morgan Stanley boosted their target price on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Nucor has an average rating of “Moderate Buy” and an average target price of $169.70.

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.