Covea Finance Buys 40,500 Shares of Nucor Corporation $NUE

Covea Finance raised its stake in Nucor Corporation (NYSE:NUE) by 75.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,200 shares of the basic materials company’s stock after purchasing an additional 40,500 shares during the quarter. Covea Finance’s holdings in Nucor were worth $12,758,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NUE. The Goldman Sachs Group boosted their target price on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Jefferies Financial Group boosted their price objective on Nucor from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Citigroup lifted their target price 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. Finally, Morgan Stanley upped their price target on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $172.60.

Nucor Stock Performance

Nucor stock opened at $164.26 on Friday. The firm’s 50 day simple moving average is $152.79 and its 200 day simple moving average is $143.25. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $168.07. The firm has a market capitalization of $37.59 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.30 and a beta of 1.85.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the business earned $1.49 EPS. The business’s revenue for the quarter 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 expect 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. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.56 per share. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, December 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. Nucor’s dividend payout ratio is 30.90%.

Insider Transactions at Nucor

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of Nucor stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total transaction of $1,049,160.00. Following the completion of the sale, the executive vice president directly owned 96,550 shares in the company, valued at $14,470,914. The trade was a 6.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Allen C. Behr sold 9,042 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the completion of the transaction, the executive vice president directly owned 73,661 shares in the company, 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. Over the last 90 days, insiders sold 23,995 shares of company stock valued at $3,660,074. 0.46% of the stock is owned by corporate insiders.

About Nucor

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.