Nucor Corporation $NUE Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in Nucor Corporation (NYSE:NUE) by 9.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 737,478 shares of the basic materials company’s stock after selling 78,808 shares during the period. ProShare Advisors LLC’s holdings in Nucor were worth $172,385,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NUE. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in Nucor by 0.5% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,091 shares of the basic materials company’s stock valued at $1,891,000 after buying an additional 40 shares during the last quarter. Venture Visionary Partners LLC grew its position in shares of Nucor by 2.4% in the 3rd quarter. Venture Visionary Partners LLC now owns 1,932 shares of the basic materials company’s stock worth $452,000 after acquiring an additional 46 shares in the last quarter. Smith Thornton Advisors LLC grew its position in shares of Nucor by 3.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 1,545 shares of the basic materials company’s stock worth $361,000 after acquiring an additional 47 shares in the last quarter. Focus Financial Network Inc. increased its holdings in shares of Nucor by 3.6% in the 2nd quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock valued at $316,000 after acquiring an additional 49 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Nucor by 3.7% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,395 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Activity at Nucor

In related news, EVP Noah C. Hanners sold 5,190 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $275.03, for a total value of $1,427,405.70. Following the completion of the transaction, the executive vice president directly owned 44,073 shares of the company’s stock, valued at $12,121,397.19. This represents a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas J. Batterbee sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the sale, the executive vice president owned 16,138 shares in the company, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.62% of the company’s stock.

Nucor Stock Down 0.7%

NUE stock opened at $273.47 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. Nucor Corporation has a fifty-two week low of $140.93 and a fifty-two week high of $280.11. The firm’s 50-day simple moving average is $253.79 and its 200 day simple moving average is $223.43. The stock has a market cap of $62.04 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.84.

Nucor (NYSE:NUE) last posted its earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). Nucor had a net margin of 9.26% and a return on equity of 15.53%. The firm had revenue of $11.25 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same period in the previous year, the firm earned $2.63 earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. As a group, sell-side analysts predict that Nucor Corporation will post 19.61 EPS for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s payout ratio is 14.26%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NUE. KeyCorp dropped their price target on Nucor from $288.00 to $286.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $335.00 target price on shares of Nucor in a research note on Wednesday. Zacks Research raised shares of Nucor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Wells Fargo & Company raised their price target on shares of Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Bank of America decreased their price target on shares of Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $284.00.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Freedom Broker upgraded Nucor from “hold” to “strong buy,” adding to bullish sentiment. Barclays and JPMorgan also forecast significant price appreciation for the shares. Freedom Broker stock recommendations
• Positive Sentiment: Investor attention remains focused on Nucor’s potential exposure to artificial-intelligence infrastructure and broader construction demand, which could support steel volumes and earnings as data-center and infrastructure investment expands. Why Nucor could be an overlooked AI infrastructure winner
• Positive Sentiment: Nucor’s latest quarter showed strong underlying demand: revenue increased 32% year over year to $11.25 billion, exceeding estimates, while earnings per share more than doubled from the prior-year period. The company also declared its regular $0.56 quarterly dividend. Nucor financial information
• Neutral Sentiment: Analyst opinion remains broadly constructive, with a “Moderate Buy” consensus and an average price target of $284, although that target offers limited upside from recent trading levels. Wells Fargo raised its target to $305, while other firms have reduced targets or maintained more cautious ratings. Nucor and Steel Dynamics steel outlook
• Negative Sentiment: Wall Street Zen lowered its rating on Nucor, creating a counterweight to the Freedom Broker upgrade and highlighting uncertainty after the stock’s substantial rally.
• Negative Sentiment: Executive Vice President Noah Hanners sold 5,190 shares worth approximately $1.43 million, reducing his direct ownership by 10.54%. While such sales may be scheduled or personal, insider selling can weigh on sentiment.
• Negative Sentiment: Nucor narrowly missed quarterly EPS expectations, reporting $5.80 versus the $5.84 consensus. Meanwhile, broader markets have been unsettled by the Federal Reserve’s lack of forward guidance and concerns about whether heavy AI investment can be sustained.

About Nucor

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.