University of Texas Texas AM Investment Management Co. Purchases 11,404 Shares of Nucor Corporation $NUE

University of Texas Texas AM Investment Management Co. purchased a new position in Nucor Corporation (NYSE:NUE) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,404 shares of the basic materials company’s stock, valued at approximately $2,672,000.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Nucor by 1.1% in the 3rd quarter. Brighton Jones LLC now owns 10,080 shares of the basic materials company’s stock valued at $2,356,000 after buying an additional 114 shares in the last quarter. Candriam S.C.A. raised its position in Nucor by 33.1% during the third quarter. Candriam S.C.A. now owns 23,624 shares of the basic materials company’s stock valued at $5,542,000 after acquiring an additional 5,876 shares in the last quarter. Uhlmann Price Securities LLC raised its position in Nucor by 42.7% during the third quarter. Uhlmann Price Securities LLC now owns 2,845 shares of the basic materials company’s stock valued at $665,000 after acquiring an additional 851 shares in the last quarter. Ethic Inc. raised its position in Nucor by 1.8% during the third quarter. Ethic Inc. now owns 25,144 shares of the basic materials company’s stock valued at $5,877,000 after acquiring an additional 434 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Nucor by 8.2% during the third quarter. Pictet Asset Management Holding SA now owns 109,155 shares of the basic materials company’s stock valued at $25,515,000 after acquiring an additional 8,257 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Freedom Broker raised shares of Nucor from a “hold” rating to a “buy” rating and boosted their target price for the stock from $285.00 to $304.00 in a research report on Friday, October 30th. Wells Fargo & Company increased their price target on shares of Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Zacks Research upgraded shares of Nucor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Wall Street Zen lowered shares of Nucor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $335.00 price objective on shares of Nucor in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.38.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: A report on the recycled-metals market projects growth from $57.3 billion in 2025 to $99.7 billion by 2032, citing decarbonization, circular-economy policies and supply constraints. Nucor is named among key industry players, giving investors a potential long-term tailwind, though the report does not quantify the impact on Nucor. Recycled Metals Global Strategic Business Report
• Positive Sentiment: Nucor is included among three Dividend Aristocrats rated “Strong Buy” by Wall Street analysts, signaling favorable analyst sentiment. Strong Buy Dividend Aristocrat Stocks
• Neutral Sentiment: A separate market report forecasts global metal recycling growth to $856.9 billion by 2032 and lists Nucor among leading companies. The broader market outlook may be relevant to Nucor, but the article provides no company-specific forecast. Global Metal Recycling Market Report
• Negative Sentiment: Reports said Nucor shares fell sharply in Thursday trading and underperformed competitors. The coverage described the decline without identifying a specific trigger, so it may reflect selling pressure after the stock’s recent advance rather than a newly reported change in company fundamentals. Nucor Stock Underperforms Thursday
• Negative Sentiment: COO Stephen Laxton disclosed the sale of 10,560 shares on Nov. 3, reducing his direct holdings by about 11.9%. Insider sales can weigh on sentiment, though a single transaction does not establish a change in the company’s outlook. Nucor Insider Share Sale

Insider Activity

In related news, EVP Noah Hanners sold 5,190 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $275.03, for a total value of $1,427,405.70. Following the transaction, the executive vice president directly owned 44,073 shares in the company, valued at approximately $12,121,397.19. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Keller sold 1,136 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $279.33, for a total transaction of $317,318.88. Following the completion of the transaction, the insider owned 15,588 shares in the company, valued at $4,354,196.04. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,732 shares of company stock valued at $7,881,287 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Nucor Stock Down 0.1%

Shares of NUE stock opened at $244.75 on Monday. The stock’s 50 day simple moving average is $255.17 and its 200 day simple moving average is $225.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.46. Nucor Corporation has a twelve month low of $140.93 and a twelve month high of $287.70. The company has a market capitalization of $55.53 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.60 and a beta of 1.81.

Nucor (NYSE:NUE) last posted its earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $5.84 by ($0.04). The company had revenue of $11.25 billion during the quarter, compared to analyst estimates of $10.84 billion. Nucor had a return on equity of 15.53% and a net margin of 9.26%. The firm’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.63 earnings per share. As a group, research analysts predict that Nucor Corporation will post 19.63 EPS for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s dividend payout ratio is currently 14.26%.

Nucor Company Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries.

The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking.

Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.