Caldwell Trust Co Acquires New Stake in Nucor Corporation $NUE

Caldwell Trust Co bought a new position in Nucor Corporation (NYSE:NUE) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 5,090 shares of the basic materials company’s stock, valued at approximately $659,000.

A number of other institutional investors have also recently modified their holdings of NUE. Hudson Capital Management LLC increased its stake in shares of Nucor by 6.6% in the 2nd quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock worth $4,506,000 after purchasing an additional 2,154 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Nucor by 138.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock valued at $15,745,000 after purchasing an additional 70,581 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Nucor in the second quarter worth about $236,000. Oppenheimer Asset Management Inc. bought a new position in shares of Nucor in the second quarter worth about $5,225,000. Finally, Busey Bank raised its stake in shares of Nucor by 40.1% in the second quarter. Busey Bank now owns 111,938 shares of the basic materials company’s stock worth $14,500,000 after buying an additional 32,044 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NUE. The Goldman Sachs Group increased their target price on shares of Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Citigroup increased their price objective on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nucor in a report on Monday, December 8th. Finally, Bank of America raised their price target on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $172.80.

Nucor Price Performance

Shares of NYSE:NUE opened at $161.89 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The firm has a fifty day moving average price of $148.67 and a 200 day moving average price of $141.17. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $168.07. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.19 and a beta of 1.85.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. Nucor’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, sell-side analysts expect that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Increases Dividend

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

Insider Activity at Nucor

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

Nucor Company Profile

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.