Wolverine Asset Management LLC Has $1.35 Million Stake in Nucor Corporation $NUE

Wolverine Asset Management LLC lifted its stake in shares of Nucor Corporation (NYSE:NUE) by 81.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the basic materials company’s stock after acquiring an additional 4,500 shares during the period. Wolverine Asset Management LLC’s holdings in Nucor were worth $1,354,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Nucor by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,171,068 shares of the basic materials company’s stock worth $3,778,820,000 after buying an additional 211,741 shares during the period. State Street Corp lifted its holdings in shares of Nucor by 3.1% in the 2nd quarter. State Street Corp now owns 12,501,779 shares of the basic materials company’s stock worth $1,626,321,000 after purchasing an additional 371,911 shares in the last quarter. Berkshire Hathaway Inc bought a new stake in Nucor during the 2nd quarter valued at $856,792,000. Norges Bank bought a new position in shares of Nucor in the second quarter valued at $479,858,000. Finally, Nordea Investment Management AB grew its holdings in shares of Nucor by 2.0% during the third quarter. Nordea Investment Management AB now owns 1,892,423 shares of the basic materials company’s stock valued at $255,155,000 after buying an additional 36,323 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group upped their target price 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 raised their target price on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. BNP Paribas Exane increased their target price on shares of Nucor from $165.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, Wells Fargo & Company set a $176.00 price objective on shares of Nucor in a research note on Thursday, December 18th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nucor presently has a consensus rating of “Moderate Buy” and an average price target of $176.00.

Nucor Stock Down 0.2%

Nucor stock opened at $174.37 on Friday. 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 company has a market capitalization of $39.91 billion, a P/E ratio of 24.49, a P/E/G ratio of 0.95 and a beta of 1.87. The firm has a 50 day moving average price of $160.47 and a 200-day moving average price of $148.09. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $175.94.

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

Nucor Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.3%. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st. Nucor’s payout ratio is currently 31.46%.

Insider Buying and Selling at Nucor

In other news, EVP John J. Hollatz sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.28, for a total value of $1,367,873.76. Following the completion of the transaction, the executive vice president directly owned 73,661 shares of the company’s stock, valued at $11,143,436.08. The trade was a 10.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,995 shares of company stock worth $3,990,634 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Nucor Profile

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.