Nucor Corporation $NUE Shares Sold by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA cut its stake in shares of Nucor Corporation (NYSE:NUE) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 358,772 shares of the basic materials company’s stock after selling 2,159 shares during the period. Nucor accounts for about 2.6% of Berkshire Asset Management LLC PA’s investment portfolio, making the stock its 8th biggest holding. Berkshire Asset Management LLC PA’s holdings in Nucor were worth $58,519,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Nucor by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock valued at $4,633,554,000 after purchasing an additional 144,038 shares during the last quarter. Morgan Stanley boosted its position in Nucor by 1.1% during the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after purchasing an additional 41,728 shares during the last quarter. Norges Bank acquired a new position in Nucor during the fourth quarter valued at approximately $609,002,000. Capital World Investors boosted its position in Nucor by 20.1% during the third quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock valued at $412,081,000 after purchasing an additional 509,019 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Nucor by 11.1% during the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock valued at $342,642,000 after purchasing an additional 210,577 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Goldman Sachs raised its price target on Nucor to $284 from $260 and reiterated a buy rating, signaling further upside from current levels. MarketScreener
• Positive Sentiment: Nucor was highlighted in Zacks relative-price-strength screens, which point to strong recent performance and rising earnings estimate revisions. Yahoo Finance/Zacks
• Positive Sentiment: Recent articles noted that Nucor has posted strong short-term and longer-term share-price gains, prompting investors to reassess valuation but also reinforcing momentum in the stock. Yahoo Finance
• Neutral Sentiment: Other market commentary compared Nucor’s performance with peers in basic materials and noted sector-wide rotation, but did not point to a company-specific catalyst. Yahoo Finance
• Neutral Sentiment: Articles about Nucor being a “relative price strength winner” and a momentum stock are supportive, but they mainly reflect recent trading behavior rather than a new fundamental development. Yahoo Finance

Nucor Stock Up 0.0%

NUE stock opened at $259.36 on Wednesday. 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 market capitalization of $59.07 billion, a PE ratio of 25.68, a PEG ratio of 0.66 and a beta of 1.88. Nucor Corporation has a 1-year low of $120.40 and a 1-year high of $270.90. The business’s 50 day simple moving average is $226.08 and its 200 day simple moving average is $190.36.

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 business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. As a group, research analysts anticipate that Nucor Corporation will post 15.71 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.56 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 0.9%. Nucor’s dividend payout ratio (DPR) is 22.18%.

Nucor announced that its Board of Directors has initiated a stock buyback program on Friday, February 20th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the basic materials company to repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently commented on NUE. JPMorgan Chase & Co. increased their price target on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. BNP Paribas Exane boosted their price target on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Morgan Stanley boosted their price target on Nucor from $180.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. BMO Capital Markets lifted their target price on Nucor from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research raised Nucor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.50.

Insider Activity

In other Nucor news, EVP Bradley Ford sold 2,240 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total transaction of $519,971.20. Following the completion of the sale, the executive vice president directly owned 43,649 shares in the company, valued at $10,132,242.37. This trade represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Allen C. Behr sold 10,096 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the sale, the executive vice president owned 62,871 shares of the company’s stock, valued at $14,213,875.68. This trade represents a 13.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 82,378 shares of company stock valued at $18,963,930. Company insiders own 0.62% of the company’s stock.

Nucor Company 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.