Nucor Corporation $NUE Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of Nucor Corporation (NYSE:NUE) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,155 shares of the basic materials company’s stock after buying an additional 8,257 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Nucor were worth $25,515,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tidal Investments LLC grew its stake in Nucor by 31.2% during the second quarter. Tidal Investments LLC now owns 61,952 shares of the basic materials company’s stock worth $13,800,000 after purchasing an additional 14,736 shares during the period. California Public Employees Retirement System increased its holdings in Nucor by 19.3% in the first quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock worth $86,297,000 after purchasing an additional 82,668 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Nucor in the second quarter valued at approximately $7,954,000. BIP Wealth LLC acquired a new position in Nucor in the second quarter valued at approximately $852,000. Finally, Bank of New York Mellon Corp lifted its stake in Nucor by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock valued at $306,054,000 after buying an additional 29,476 shares during the period. Institutional investors own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays raised their price objective on shares of Nucor from $306.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. UBS Group lifted their price objective on shares of Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Freedom Broker upgraded shares of Nucor from a “hold” rating to a “buy” rating and boosted their target price for the company from $285.00 to $304.00 in a research report on Friday, October 30th. The Goldman Sachs Group reissued a “buy” rating and set a $335.00 target price on shares of Nucor in a research note on Wednesday, October 28th. Finally, Morgan Stanley set a $270.00 price target on shares of Nucor in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and a consensus target price of $287.38.

Latest Nucor News

These are some of the NUE news items that stood out recently:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $21.46 from $19.44 and increased its Q1 2027 estimate to $6.42 from $4.95. It also lifted forecasts for Q3 2027 and Q1 2028, indicating stronger expectations in several quarters. Nucor analyst estimate updates
• Positive Sentiment: A Zacks article describes Nucor as a long-term value stock, which may appeal to investors focused on valuation; the supplied article provides no specific valuation metrics. Why Nucor is a Top Value Stock for the Long-Term
• Neutral Sentiment: An industry report projects the global ferrous scrap recycling market will grow through 2032, a potential longer-term tailwind for steelmakers using recycled inputs, but it does not quantify the benefit to Nucor. Ferrous Scrap Recycling Global Strategic Business Report

Nucor Price Performance

Nucor stock opened at $261.37 on Thursday. Nucor Corporation has a 52 week low of $143.41 and a 52 week high of $287.70. The company’s 50 day moving average price is $255.48 and its two-hundred day moving average price is $226.77. The company has a quick ratio of 1.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The stock has a market cap of $59.30 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.63 and a beta of 1.81.

Nucor (NYSE:NUE) last released its earnings results 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 the consensus estimate of $10.84 billion. Nucor had a net margin of 9.26% and a return on equity of 15.53%. The business’s revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.63 earnings per share. On average, equities analysts predict that Nucor Corporation will post 19.63 earnings per share for the current year.

Nucor Dividend Announcement

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

Insiders Place Their Bets

In other Nucor news, insider Michael Keller sold 1,136 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was 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 $4,354,196.04. This represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Noah Hanners sold 5,190 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 44,073 shares of the company’s stock, valued at approximately $12,121,397.19. This represents a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,732 shares of company stock worth $7,881,287 in the last ninety days. Company 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.