Bank of New York Mellon Corp Grows Stake in Nucor Corporation $NUE

Bank of New York Mellon Corp grew its holdings in Nucor Corporation (NYSE:NUE) by 27.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,780,423 shares of the basic materials company’s stock after buying an additional 383,952 shares during the quarter. Bank of New York Mellon Corp’s holdings in Nucor were worth $290,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NUE. Natixis Advisors LLC lifted its stake in shares of Nucor by 163.3% in the 4th quarter. Natixis Advisors LLC now owns 282,534 shares of the basic materials company’s stock valued at $46,085,000 after purchasing an additional 175,232 shares during the period. Root Financial Partners LLC lifted its stake in shares of Nucor by 36.5% in the 4th quarter. Root Financial Partners LLC now owns 441 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 118 shares during the period. New Mexico Educational Retirement Board lifted its stake in shares of Nucor by 1.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 10,509 shares of the basic materials company’s stock valued at $1,714,000 after purchasing an additional 100 shares during the period. Waterloo Capital L.P. lifted its stake in shares of Nucor by 71.5% in the 4th quarter. Waterloo Capital L.P. now owns 6,341 shares of the basic materials company’s stock valued at $1,034,000 after purchasing an additional 2,643 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Nucor by 35.8% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NUE. Barclays began coverage on Nucor in a research note on Thursday, May 21st. They issued an “overweight” rating and a $270.00 target price for the company. The Goldman Sachs Group raised their target price on Nucor from $240.00 to $260.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their target price on Nucor from $212.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup raised their target price on Nucor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company raised their target price on Nucor from $244.00 to $292.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.67.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analysts have lifted earnings estimates for Nucor on signs of stronger demand, tariff support, and capital projects that may increase future profits. Should Upbeat NUE Earnings Revisions and Leadership Transition Plans Require Action From Nucor Investors?
• Positive Sentiment: BMO Capital Markets raised its price target on Nucor to $285 and reiterated an Outperform rating, signaling further upside potential. MarketScreener
• Positive Sentiment: Another valuation update from GuruFocus put Nucor at roughly fair value around $286, which supports the idea that the stock can sustain its recent strength. NUE Fairly Valued by DCF at $286
• Neutral Sentiment: Nucor also disclosed planned retirement terms for executive David A. Sumoski, highlighting leadership transition planning rather than a major operational change. Should Upbeat NUE Earnings Revisions and Leadership Transition Plans Require Action From Nucor Investors?
• Neutral Sentiment: Valuation opinions remain split, with some analysts seeing Nucor in the mid-$260s to $270s while others still point to more cautious levels near $184, suggesting continued debate over the stock’s fair value. Why The Nucor (NUE) Story Is Shifting As Analyst Views And Valuations Diverge
• Negative Sentiment: EVP John J. Hollatz sold 10,560 shares for about $2.73 million, a transaction investors may view cautiously even though he still owns a substantial stake. Insider trade disclosure

Insiders Place Their Bets

In other Nucor news, EVP Allen C. Behr sold 10,096 shares of Nucor stock in a transaction on Monday, May 4th. The stock was sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the sale, the executive vice president owned 62,871 shares of the company’s stock, valued at approximately $14,213,875.68. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradley Ford sold 2,240 shares of Nucor stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total value of $519,971.20. Following the completion of the sale, the executive vice president directly owned 43,649 shares of the company’s stock, valued at approximately $10,132,242.37. The trade was a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 82,378 shares of company stock worth $18,963,930. 0.62% of the stock is owned by corporate insiders.

Nucor Stock Up 1.7%

NUE stock opened at $262.16 on Friday. Nucor Corporation has a twelve month low of $115.66 and a twelve month high of $264.67. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. The firm has a market cap of $59.70 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 0.68 and a beta of 1.88. The business has a 50 day moving average of $211.86 and a 200 day moving average of $184.42.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. The company had revenue of $9.50 billion during 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 for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. On average, research analysts forecast that Nucor Corporation will post 14.84 EPS for the current fiscal year.

Nucor announced that its board has approved a share buyback program on Friday, February 20th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.