3,794 Nucor Corporation $NUE Shares Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its holdings in shares of Nucor Corporation (NYSE:NUE) by 404.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,732 shares of the basic materials company’s stock after acquiring an additional 3,794 shares during the period. Soltis Investment Advisors LLC’s holdings in Nucor were worth $1,106,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in shares of Nucor by 0.5% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,091 shares of the basic materials company’s stock valued at $1,891,000 after purchasing an additional 40 shares during the period. Venture Visionary Partners LLC lifted its holdings in Nucor by 2.4% in the third quarter. Venture Visionary Partners LLC now owns 1,932 shares of the basic materials company’s stock worth $452,000 after purchasing an additional 46 shares during the period. Smith Thornton Advisors LLC lifted its holdings in Nucor by 3.1% in the third quarter. Smith Thornton Advisors LLC now owns 1,545 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 47 shares during the period. Focus Financial Network Inc. grew its position in Nucor by 3.6% in the 2nd quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock valued at $316,000 after buying an additional 49 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Nucor by 3.7% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,395 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group raised their target price on Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Nucor from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded Nucor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 15th. The Goldman Sachs Group restated a “buy” rating and set a $335.00 price target on shares of Nucor in a report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $284.00.

Nucor Stock Performance

Shares of NUE opened at $273.47 on Friday. The firm has a market cap of $62.04 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.84. The company’s fifty day moving average is $253.79 and its 200-day moving average is $223.43. The company has a quick ratio of 1.36, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. Nucor Corporation has a 12 month low of $140.93 and a 12 month high of $280.11.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). The business had revenue of $11.25 billion during the quarter, compared to analyst estimates of $10.84 billion. Nucor had a net margin of 9.26% and a return on equity of 15.53%. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.63 EPS. Equities analysts expect that Nucor Corporation will post 19.61 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be given a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. Nucor’s payout ratio is currently 14.26%.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Freedom Broker upgraded Nucor from “hold” to “strong buy,” adding to bullish sentiment. Barclays and JPMorgan also forecast significant price appreciation for the shares. Freedom Broker stock recommendations
• Positive Sentiment: Investor attention remains focused on Nucor’s potential exposure to artificial-intelligence infrastructure and broader construction demand, which could support steel volumes and earnings as data-center and infrastructure investment expands. Why Nucor could be an overlooked AI infrastructure winner
• Positive Sentiment: Nucor’s latest quarter showed strong underlying demand: revenue increased 32% year over year to $11.25 billion, exceeding estimates, while earnings per share more than doubled from the prior-year period. The company also declared its regular $0.56 quarterly dividend. Nucor financial information
• Neutral Sentiment: Analyst opinion remains broadly constructive, with a “Moderate Buy” consensus and an average price target of $284, although that target offers limited upside from recent trading levels. Wells Fargo raised its target to $305, while other firms have reduced targets or maintained more cautious ratings. Nucor and Steel Dynamics steel outlook
• Negative Sentiment: Wall Street Zen lowered its rating on Nucor, creating a counterweight to the Freedom Broker upgrade and highlighting uncertainty after the stock’s substantial rally.
• Negative Sentiment: Executive Vice President Noah Hanners sold 5,190 shares worth approximately $1.43 million, reducing his direct ownership by 10.54%. While such sales may be scheduled or personal, insider selling can weigh on sentiment.
• Negative Sentiment: Nucor narrowly missed quarterly EPS expectations, reporting $5.80 versus the $5.84 consensus. Meanwhile, broader markets have been unsettled by the Federal Reserve’s lack of forward guidance and concerns about whether heavy AI investment can be sustained.

Insider Transactions at Nucor

In other news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the transaction, the executive vice president owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Noah C. Hanners sold 5,190 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 44,073 shares in the company, valued at $12,121,397.19. The trade was a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is owned by insiders.

Nucor Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.