Nucor Corporation $NUE Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its position in Nucor Corporation (NYSE:NUE) by 36.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,907 shares of the basic materials company’s stock after selling 9,304 shares during the quarter. Guggenheim Capital LLC’s holdings in Nucor were worth $2,061,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in 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 in the last quarter. IMA Advisory Services Inc. boosted its position in Nucor by 51.4% during the second 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 last quarter. Dorsey & Whitney Trust CO LLC boosted its position in Nucor by 1.9% during the second 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 last quarter. Matrix Trust Co lifted its stake in Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 84 shares in the last quarter. Finally, Applied Finance Capital Management LLC lifted its stake in Nucor by 1.8% in the 2nd quarter. Applied Finance Capital Management LLC now owns 5,908 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 103 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Trading Down 0.8%

NYSE NUE opened at $158.05 on Wednesday. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $166.26. The stock 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. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51.

Nucor (NYSE:NUE) last issued its quarterly earnings data 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. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business posted $1.49 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, sell-side analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

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

Insider Buying and Selling

In other news, EVP Allen C. Behr sold 9,042 shares of the 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 sale, the executive vice president owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total transaction of $303,594.71. Following the completion of the transaction, the chief financial officer owned 88,174 shares of the company’s stock, valued at $13,364,533.18. This trade represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,045 shares of company stock valued at $2,720,628. Corporate insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NUE. UBS Group boosted their price objective on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Citigroup raised their price objective on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Wells Fargo & Company upgraded shares of Nucor from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $167.00 in a report on Friday, November 14th. Finally, The Goldman Sachs Group raised their price target on shares of Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average target price of $169.70.

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.