Nucor (NYSE:NUE) Stock: Insider Michael Keller Sells 1,136 Shares

by · The Markets Daily

Nucor Corporation (NYSE:NUE – Get Free Report) insider Michael Keller sold 1,136 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $279.33, for a total transaction of $317,318.88. Following the completion of the transaction, the insider directly owned 15,588 shares in the company, valued at $4,354,196.04. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nucor Trading Down 1.5%

Shares of NUE traded down $4.26 during midday trading on Tuesday, reaching $273.38. The company had a trading volume of 1,400,244 shares, compared to its average volume of 1,541,188. The company has a quick ratio of 1.36, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $254.47 and a 200-day simple moving average of $223.97. Nucor Corporation has a 1-year low of $140.93 and a 1-year high of $287.70. The stock has a market cap of $62.02 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81.

Nucor (NYSE:NUE – Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share 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 analysts’ expectations of $10.84 billion. Nucor had a return on equity of 15.53% and a net margin of 9.26%. The company’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.63 earnings per share. Research analysts forecast that Nucor Corporation will post 19.61 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 0.8%. Nucor’s dividend payout ratio is presently 14.26%.

Analyst Ratings Changes

Several research firms recently commented on NUE. Morgan Stanley set a $270.00 target price on Nucor in a research note on Wednesday, July 29th. Barclays upped their price target on Nucor from $306.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. UBS Group upped 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. BMO Capital Markets increased their price target on shares of Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on Nucor from $296.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average target price of $286.44.

Get Our Latest Report on Nucor

More Nucor News

Here are the key news stories impacting Nucor this week:

  • Positive Sentiment: Strong balance sheet may support shareholder returns. Nucor generated sufficient cash to return approximately $1.36 billion to shareholders, while maintaining a conservative debt profile. Its capital-allocation strategy could support additional dividends, buybacks and investments in growth. Can NUE’s Strong Balance Sheet Power Bigger Shareholder Returns Ahead?
  • Positive Sentiment: Higher metal prices are improving the industry backdrop. Recent results across mines, steel mills and specialty-metal producers indicate that higher prices are flowing through the supply chain. U.S. Section 232 tariffs and constrained domestic supply could continue to support steel pricing and Nucor’s margins. Higher Metal Prices Are Showing Up in Third-Quarter Results
  • Positive Sentiment: Momentum and analyst sentiment remain supportive. Zacks identified NUE as a strong momentum stock, while the broader analyst view is “Moderate Buy,” with a consensus target of $286.44 and several price-target increases. Nucor also recently declared its regular quarterly dividend of $0.56 per share. Here’s Why Nucor Is a Strong Momentum Stock
  • Neutral Sentiment: Recent earnings were mixed. Nucor’s latest quarterly revenue rose 32% year over year to $11.25 billion and exceeded estimates, but earnings per share of $5.80 narrowly missed consensus. This suggests strong demand and pricing, but also potential margin pressure.
  • Negative Sentiment: An executive reduced his stake. EVP Allen Behr sold 11,846 shares for approximately $3.23 million, reducing his direct ownership by 16.95%. The sale may weigh modestly on sentiment, although insider transactions do not necessarily indicate a change in the company’s outlook. Nucor EVP Sells 11,846 Shares of Stock

Hedge Funds Weigh In On Nucor

A number of large investors have recently made changes to their positions in NUE. Pictet Asset Management Holding SA grew its holdings in shares of 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 worth $25,515,000 after purchasing an additional 8,257 shares during the period. Parallel Advisors LLC raised its holdings in Nucor by 4.7% in the third quarter. Parallel Advisors LLC now owns 3,326 shares of the basic materials company’s stock valued at $778,000 after buying an additional 150 shares during the period. Plancorp LLC raised its holdings in Nucor by 39.3% in the third quarter. Plancorp LLC now owns 1,312 shares of the basic materials company’s stock valued at $307,000 after buying an additional 370 shares during the period. Alps Advisors Inc. raised its holdings in Nucor by 1.2% in the third quarter. Alps Advisors Inc. now owns 30,676 shares of the basic materials company’s stock valued at $7,171,000 after buying an additional 375 shares during the period. Finally, Providence First Trust Co acquired a new position in Nucor during the third quarter valued at approximately $418,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

About Nucor

(Get Free Report)

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.

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