11,404 Shares in Nucor Corporation $NUE Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. purchased a new position in Nucor Corporation (NYSE:NUE) during the 3rd quarter, HoldingsChannel reports. The firm purchased 11,404 shares of the basic materials company’s stock, valued at approximately $2,672,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Nucor by 1.1% in the third quarter. Brighton Jones LLC now owns 10,080 shares of the basic materials company’s stock worth $2,356,000 after acquiring an additional 114 shares during the last quarter. Candriam S.C.A. increased its position in Nucor by 33.1% during the third quarter. Candriam S.C.A. now owns 23,624 shares of the basic materials company’s stock worth $5,542,000 after acquiring an additional 5,876 shares during the period. Uhlmann Price Securities LLC raised its stake in Nucor by 42.7% during the 3rd quarter. Uhlmann Price Securities LLC now owns 2,845 shares of the basic materials company’s stock valued at $665,000 after purchasing an additional 851 shares during the last quarter. Ethic Inc. raised its stake in Nucor by 1.8% during the 3rd quarter. Ethic Inc. now owns 25,144 shares of the basic materials company’s stock valued at $5,877,000 after purchasing an additional 434 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Nucor by 8.2% during the 3rd quarter. Pictet Asset Management Holding SA now owns 109,155 shares of the basic materials company’s stock valued at $25,515,000 after purchasing an additional 8,257 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Performance

NUE opened at $244.75 on Monday. The stock has a market cap of $55.53 billion, a PE ratio of 15.58, a P/E/G ratio of 0.60 and a beta of 1.81. The company has a current ratio of 2.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. Nucor Corporation has a 1 year low of $140.93 and a 1 year high of $287.70. The stock’s 50 day simple moving average is $255.17 and its 200-day simple moving average is $225.65.

Nucor (NYSE:NUE) last issued its earnings results on Monday, October 26th. The basic materials company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). The firm 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 business’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share. Sell-side analysts forecast that Nucor Corporation will post 19.63 EPS for the current year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s payout ratio is 14.26%.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: A report on the recycled-metals market projects growth from $57.3 billion in 2025 to $99.7 billion by 2032, citing decarbonization, circular-economy policies and supply constraints. Nucor is named among key industry players, giving investors a potential long-term tailwind, though the report does not quantify the impact on Nucor. Recycled Metals Global Strategic Business Report
• Positive Sentiment: Nucor is included among three Dividend Aristocrats rated “Strong Buy” by Wall Street analysts, signaling favorable analyst sentiment. Strong Buy Dividend Aristocrat Stocks
• Neutral Sentiment: A separate market report forecasts global metal recycling growth to $856.9 billion by 2032 and lists Nucor among leading companies. The broader market outlook may be relevant to Nucor, but the article provides no company-specific forecast. Global Metal Recycling Market Report
• Negative Sentiment: Reports said Nucor shares fell sharply in Thursday trading and underperformed competitors. The coverage described the decline without identifying a specific trigger, so it may reflect selling pressure after the stock’s recent advance rather than a newly reported change in company fundamentals. Nucor Stock Underperforms Thursday
• Negative Sentiment: COO Stephen Laxton disclosed the sale of 10,560 shares on Nov. 3, reducing his direct holdings by about 11.9%. Insider sales can weigh on sentiment, though a single transaction does not establish a change in the company’s outlook. Nucor Insider Share Sale

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NUE. Morgan Stanley set a $270.00 price target on shares of Nucor in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Nucor from $296.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. KeyCorp upped their price objective on shares of Nucor from $286.00 to $301.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Wells Fargo & Company increased their target price on shares of Nucor from $280.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Finally, Weiss Ratings upgraded shares of Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and an average target price of $287.38.

Insider Buying and Selling at Nucor

In other news, insider Michael Keller sold 1,136 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $279.33, for a total value of $317,318.88. Following the completion of the transaction, the insider owned 15,588 shares in the company, valued at approximately $4,354,196.04. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Noah Hanners sold 5,190 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $275.03, for a total transaction of $1,427,405.70. Following the transaction, the executive vice president directly owned 44,073 shares of the company’s stock, valued at $12,121,397.19. The trade was a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,732 shares of company stock worth $7,881,287. Corporate insiders own 0.62% of the company’s stock.

Nucor Company Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries.

The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking.

Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.