Prestige Wealth Management Group LLC Increases Position in Nucor Corporation $NUE

Prestige Wealth Management Group LLC raised its holdings in shares of Nucor Corporation (NYSE:NUE) by 2,735.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,232 shares of the basic materials company’s stock after buying an additional 3,118 shares during the period. Prestige Wealth Management Group LLC’s holdings in Nucor were worth $529,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Stance Capital LLC purchased a new stake in Nucor during the third quarter valued at about $25,000. Vision Financial Markets LLC boosted its position in Nucor by 281.7% during the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after buying an additional 200 shares during the period. Ares Financial Consulting LLC purchased a new stake in Nucor during the fourth quarter valued at about $45,000. Caitlin John LLC purchased a new stake in Nucor during the third quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. boosted its position in Nucor by 81.8% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nucor

In other news, EVP Allen C. Behr sold 10,096 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the sale, the executive vice president directly owned 62,871 shares in the company, valued at approximately $14,213,875.68. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Randy J. Spicer sold 2,500 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $225.00, for a total transaction of $562,500.00. Following the sale, the executive vice president owned 20,510 shares of the company’s stock, valued at approximately $4,614,750. This represents a 10.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,378 shares of company stock valued at $18,963,930 in the last quarter. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NUE has been the subject of several analyst reports. Argus upped their price target on shares of Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Bank of America upped their price target on shares of Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Nucor from $212.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. BNP Paribas Exane upped their price target on shares of Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group upped their price target on shares of Nucor from $240.00 to $260.00 in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.67.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analysts have lifted earnings estimates for Nucor on signs of stronger demand, tariff support, and capital projects that may increase future profits. Should Upbeat NUE Earnings Revisions and Leadership Transition Plans Require Action From Nucor Investors?
• Positive Sentiment: BMO Capital Markets raised its price target on Nucor to $285 and reiterated an Outperform rating, signaling further upside potential. MarketScreener
• Positive Sentiment: Another valuation update from GuruFocus put Nucor at roughly fair value around $286, which supports the idea that the stock can sustain its recent strength. NUE Fairly Valued by DCF at $286
• Neutral Sentiment: Nucor also disclosed planned retirement terms for executive David A. Sumoski, highlighting leadership transition planning rather than a major operational change. Should Upbeat NUE Earnings Revisions and Leadership Transition Plans Require Action From Nucor Investors?
• Neutral Sentiment: Valuation opinions remain split, with some analysts seeing Nucor in the mid-$260s to $270s while others still point to more cautious levels near $184, suggesting continued debate over the stock’s fair value. Why The Nucor (NUE) Story Is Shifting As Analyst Views And Valuations Diverge
• Negative Sentiment: EVP John J. Hollatz sold 10,560 shares for about $2.73 million, a transaction investors may view cautiously even though he still owns a substantial stake. Insider trade disclosure

Nucor Stock Performance

Nucor stock opened at $262.16 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $211.86 and a 200-day moving average of $184.42. The firm has a market cap of $59.70 billion, a P/E ratio of 25.96, a P/E/G ratio of 0.68 and a beta of 1.88. Nucor Corporation has a 1-year low of $115.66 and a 1-year high of $264.67.

Nucor (NYSE:NUE) last posted its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. Nucor’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. Sell-side analysts expect that Nucor Corporation will post 14.84 EPS for the current year.

Nucor declared that its board has initiated a share buyback program on Friday, February 20th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

About Nucor

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.