Park Avenue Securities LLC Purchases 4,209 Shares of Nucor Corporation $NUE

Key Points

• Park Avenue Securities increased its Nucor position by 36.9%, purchasing 4,209 additional shares to hold 15,626 shares valued at approximately $3.65 million. Institutional investors collectively own 76.48% of Nucor.
• Nucor reported third-quarter revenue of $11.25 billion, up 32% year over year and above expectations, supported by strong demand from data centers, power infrastructure and other end markets. However, EPS of $5.80 narrowly missed the $5.84 consensus, while management cited cost and shipment pressures.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $282.57; Barclays and JPMorgan recently raised their targets. Nucor also declared a quarterly dividend of $0.56 per share, equivalent to a $2.24 annualized payout and a 0.8% yield.

Park Avenue Securities LLC boosted its position in shares of Nucor Corporation (NYSE:NUE - Free Report) by 36.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,626 shares of the basic materials company's stock after buying an additional 4,209 shares during the quarter. Park Avenue Securities LLC's holdings in Nucor were worth $3,653,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Nucor by 0.5% in the 3rd 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 acquiring an additional 40 shares during the last quarter. Venture Visionary Partners LLC boosted its position in shares of Nucor by 2.4% during the 3rd quarter. Venture Visionary Partners LLC now owns 1,932 shares of the basic materials company's stock valued at $452,000 after purchasing an additional 46 shares in the last quarter. Smith Thornton Advisors LLC boosted its position in shares of Nucor by 3.1% during the 3rd quarter. Smith Thornton Advisors LLC now owns 1,545 shares of the basic materials company's stock valued at $361,000 after purchasing an additional 47 shares in the last quarter. RKL Wealth Management LLC grew its stake in shares of Nucor by 0.9% in the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company's stock worth $899,000 after purchasing an additional 48 shares during the last quarter. Finally, Focus Financial Network Inc. grew its stake in shares of Nucor by 3.6% in the 2nd quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company's stock worth $316,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NUE. Freedom Broker lowered shares of Nucor from a "buy" rating to a "hold" rating and cut their target price for the company from $305.00 to $285.00 in a research note on Friday, September 18th. Barclays lifted their price target on shares of Nucor from $306.00 to $320.00 and gave the stock an "overweight" rating in a research report on Wednesday. KeyCorp dropped their price target on Nucor from $288.00 to $286.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. Weiss Ratings upgraded Nucor from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 15th. Finally, Zacks Research upgraded Nucor from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Nucor has a consensus rating of "Moderate Buy" and a consensus price target of $282.57.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Strong Q3 revenue and demand outlook: Nucor reported $11.25 billion in third-quarter revenue, up 32% year over year and ahead of expectations. Management described demand as the strongest in the CEO’s 31 years with the company, supported by data centers, power-grid investment, infrastructure and other end markets. Nucor’s CEO Says He’s Seeing the Strongest Steel Demand in His 31 Years at the Company
• Positive Sentiment: 2027 growth drivers are gaining visibility: Nucor expects improving steel prices and greater contributions from recent investments and newly added capacity. Tariff protection could also support domestic pricing and volumes, strengthening the outlook beyond the current quarter. Nucor: Tariff Tailwinds And New Capacity Set Up A Stronger 2027
• Positive Sentiment: Analyst support increased: JPMorgan raised its price target to $304 from $296 and maintained an overweight rating, while Barclays lifted its target to $320 from $306. The revisions indicate that analysts see further upside after the earnings-driven rally.
• Neutral Sentiment: Near-term guidance is constructive but measured: Management expects fourth-quarter results to be in line with or modestly above the third quarter, suggesting continued momentum but not an acceleration comparable to the latest quarter. Nucor Q3 Earnings Call Highlights Strong Demand and 2027 Growth
• Negative Sentiment: Costs and execution remain risks: Despite the revenue beat, quarterly EPS of $5.80 narrowly missed the $5.84 consensus estimate. Management also cited cost and shipment pressures, which could limit margins if steel prices or operating performance weaken.

Nucor Trading Up 1.3%

Shares of NYSE:NUE opened at $275.32 on Friday. The firm has a fifty day moving average of $253.14 and a two-hundred day moving average of $222.89. 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. The firm has a market capitalization of $62.47 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.84.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing analysts' consensus estimates of $5.84 by ($0.04). Nucor had a return on equity of 15.53% and a net margin of 9.26%. The company had revenue of $11.25 billion during the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the company posted $2.63 earnings per share. The company's revenue was up 32.0% compared to the same quarter last year. On average, equities analysts expect that Nucor Corporation will post 19.59 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. Shareholders of record on Wednesday, September 30th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor's dividend payout ratio is presently 14.26%.

Insiders Place Their Bets

In other news, EVP Thomas Batterbee sold 4,000 shares of the firm's 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 completion of the sale, the executive vice president directly owned 16,138 shares of the company's stock, valued at $4,212,340.76. This trade represents a 19.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.

About Nucor

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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