5,481 Nucor Corporation $NUE Shares Bought by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors increased its Nucor stake by 224.2% in the third quarter, purchasing 5,481 additional shares and bringing its total holdings to 7,926 shares valued at approximately $1.85 million.
• Institutional investors own 76.48% of Nucor, while company insiders own 0.62%; two executives recently sold shares worth a combined $2.06 million.
• Nucor reported quarterly EPS of $4.84, beating expectations, and revenue rose 23% year over year to $10.40 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $276.07, while the company declared a $0.56 quarterly dividend.

Sax Wealth Advisors LLC increased its holdings in Nucor Corporation (NYSE:NUE - Free Report) by 224.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,926 shares of the basic materials company's stock after buying an additional 5,481 shares during the period. Sax Wealth Advisors LLC's holdings in Nucor were worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC bought a new stake in Nucor during the third quarter valued at about $218,000. Avior Wealth Management LLC raised its holdings in Nucor by 3.5% in the third quarter. Avior Wealth Management LLC now owns 1,506 shares of the basic materials company's stock worth $352,000 after purchasing an additional 51 shares in the last quarter. Mirador Capital Partners LP raised its holdings in Nucor by 2.9% in the third quarter. Mirador Capital Partners LP now owns 6,307 shares of the basic materials company's stock worth $1,474,000 after purchasing an additional 175 shares in the last quarter. GK Wealth Management LLC bought a new position in Nucor in the third quarter worth about $28,000. Finally, Decker Wealth Management LLC lifted its position in shares of Nucor by 1.4% during the third quarter. Decker Wealth Management LLC now owns 31,309 shares of the basic materials company's stock valued at $7,318,000 after buying an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company's stock.

Insider Activity

In other news, EVP Thomas Batterbee sold 4,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were 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 in the company, valued at $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Stephen Laxton sold 3,968 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the completion of the transaction, the chief operating officer directly owned 77,867 shares of the company's stock, valued at $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% of the company's stock.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor will invest $105 million to expand utility-tower and pole production in Indiana. The project will add advanced automation and approximately 100 jobs, positioning the company to benefit from rising electricity demand and grid-infrastructure spending. Nucor Expands Utility Towers Capacity With $105M Investment
• Positive Sentiment: Zacks Research raised its fiscal 2028 EPS forecast to $21.21 from $20.40, suggesting stronger longer-term earnings potential despite reductions to some quarterly estimates. Nucor analyst estimates
• Neutral Sentiment: Nucor announced a webcast for its third-quarter 2026 earnings call. Investors will focus on steel pricing, demand, margins and management’s outlook for the remainder of the year. Nucor Invites You to Join Its Third Quarter of 2026 Conference Call on the Web
• Negative Sentiment: Zacks Research cut its Q3 2026 EPS estimate to $5.61 from $5.90 and reduced its Q3 2027 estimate to $5.13 from $5.23. The revisions indicate softer expected near-term earnings, although the firm maintains a “Hold” rating. Nucor earnings estimate revisions

Nucor Stock Up 0.8%

Shares of NUE stock opened at $253.81 on Wednesday. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. The stock's fifty day moving average price is $254.74 and its 200 day moving average price is $236.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The company has a market cap of $57.58 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.84.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.38. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. On average, research analysts expect that Nucor Corporation will post 19.62 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.56 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. Nucor's payout ratio is presently 17.86%.

Wall Street Analysts Forecast Growth

NUE has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Nucor from $224.00 to $256.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Freedom Broker downgraded shares of Nucor from a "buy" rating to a "hold" rating and cut their price objective for the stock from $305.00 to $285.00 in a research report on Friday, September 18th. Wells Fargo & Company reduced their price objective on shares of Nucor from $285.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, September 18th. BMO Capital Markets boosted their price objective 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, Morgan Stanley set a $270.00 target price on shares of Nucor in a research report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $276.07.

Nucor Company Profile

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor's product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.

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