State Street Corp Purchases 371,911 Shares of Nucor Corporation $NUE

State Street Corp raised its position in Nucor Corporation (NYSE:NUE) by 3.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,501,779 shares of the basic materials company’s stock after buying an additional 371,911 shares during the quarter. State Street Corp owned about 0.05% of Nucor worth $1,626,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Nucor during the 2nd quarter worth approximately $479,858,000. Greenwich Wealth Management LLC bought a new stake in Nucor during the second quarter worth $123,145,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Nucor in the 2nd quarter valued at $105,435,000. Allspring Global Investments Holdings LLC increased its stake in shares of Nucor by 355.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock valued at $72,327,000 after purchasing an additional 420,970 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Nucor by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock worth $277,920,000 after buying an additional 355,364 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nucor

In other Nucor news, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the sale, the chief financial officer owned 88,174 shares in the company, valued at approximately $13,364,533.18. The trade was a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. The trade was a 6.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,045 shares of company stock worth $2,720,628 over the last three months. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NUE. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Morgan Stanley increased their target price on shares of Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Citigroup raised their price target on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nucor in a research report on Monday. Finally, Jefferies Financial Group increased their price objective on shares of Nucor from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.70.

Nucor Stock Performance

NYSE:NUE opened at $164.03 on Thursday. The stock’s 50-day moving average is $147.05 and its 200-day moving average is $139.78. Nucor Corporation has a 1-year low of $97.59 and a 1-year 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 stock has a market cap of $37.54 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.14 and a beta of 1.85.

Nucor (NYSE:NUE) last posted its 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. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The business had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the company earned $1.49 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities research analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

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

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.