Amundi Buys 128,773 Shares of Nucor Corporation $NUE

Amundi boosted its stake in Nucor Corporation (NYSE:NUE) by 36.3% in the second quarter, HoldingsChannel reports. The firm owned 483,184 shares of the basic materials company’s stock after acquiring an additional 128,773 shares during the period. Amundi’s holdings in Nucor were worth $67,095,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. increased its stake in shares of Nucor by 7.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 6,352 shares of the basic materials company’s stock valued at $766,000 after acquiring an additional 458 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Nucor during the first quarter valued at approximately $122,000. Townsquare Capital LLC increased its stake in Nucor by 43.3% in the first quarter. Townsquare Capital LLC now owns 7,682 shares of the basic materials company’s stock valued at $924,000 after purchasing an additional 2,323 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Nucor by 285.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,080 shares of the basic materials company’s stock worth $16,496,000 after purchasing an additional 101,518 shares during the period. Finally, Nuveen LLC acquired a new stake in Nucor in the first quarter worth $141,216,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NUE. Weiss Ratings restated a “hold (c-)” rating on shares of Nucor in a research report on Monday, December 1st. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Bank of America raised their price target on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $147.00 to $167.00 in a research note on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.70.

Insiders Place Their Bets

In other news, CFO Stephen D. Laxton sold 2,003 shares of the stock in a transaction dated 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 directly owned 88,174 shares in the company, valued at $13,364,533.18. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Allen C. Behr sold 9,042 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $151.28, for a total value of $1,367,873.76. Following the completion of the transaction, the executive vice president owned 73,661 shares of the company’s stock, valued at $11,143,436.08. The trade was a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,045 shares of company stock valued at $2,720,628 in the last three months. 0.71% of the stock is currently owned by corporate insiders.

Nucor Trading Down 0.2%

NYSE NUE opened at $159.10 on Tuesday. The stock has a market capitalization of $36.41 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.16 and a beta of 1.85. The stock’s 50 day moving average price is $146.03 and its two-hundred day moving average price is $139.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $166.26.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share 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 company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the business earned $1.49 EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 31st. This is an increase from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio (DPR) 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.