Truist Financial Corp Buys 12,627 Shares of Nucor Corporation $NUE

Key Points

• Truist Financial raised its stake in Nucor by 8.1%, buying 12,627 shares to hold 168,861 shares worth about $27.54 million (≈0.07% of the company).
• Nucor beat Q1 estimates with EPS of $3.23 (vs. $2.82 est.) and ~21.3% YoY revenue growth, and its board authorized a $4.0 billion buyback (~9.7% of shares) while analysts raised price targets.
• Insider selling has been notable recently—executives sold roughly 74,530 shares (about $16.6M) in the last quarter, which may temper investor sentiment despite strong results.

Truist Financial Corp raised its stake in shares of Nucor Corporation (NYSE:NUE - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,861 shares of the basic materials company's stock after buying an additional 12,627 shares during the quarter. Truist Financial Corp owned about 0.07% of Nucor worth $27,543,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Nucor by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company's stock valued at $4,633,554,000 after purchasing an additional 144,038 shares during the last quarter. Capital World Investors raised its holdings in Nucor by 20.1% in the third quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company's stock worth $412,081,000 after buying an additional 509,019 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Nucor by 11.1% in the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company's stock worth $342,642,000 after buying an additional 210,577 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Nucor by 2.4% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,685,250 shares of the basic materials company's stock valued at $228,233,000 after buying an additional 38,990 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Nucor by 11.2% during the third quarter. Legal & General Group Plc now owns 1,630,986 shares of the basic materials company's stock valued at $220,884,000 after acquiring an additional 164,021 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analyst upgrades and higher targets lift sentiment — several firms have raised price targets (BNP Paribas Exane raised to $248 and kept an "outperform"), supporting upside expectations for the stock. BNP Paribas raises price target
• Positive Sentiment: Quarterly beat and revenue strength — Nucor reported better‑than‑expected Q1 EPS ($3.23 vs. $2.82 est.) and ~21% YoY revenue growth, which underpins the analyst upgrades and improves near‑term earnings visibility.
• Positive Sentiment: Share repurchase and dividend support capital returns — the board authorized a $4.0B buyback (≈9.7% of shares) and the company pays a growing quarterly dividend, both shareholder‑friendly moves that can sustain buy‑side interest.
• Neutral Sentiment: Solid balance sheet and institutional ownership — modest leverage (D/E ~0.30), healthy liquidity ratios and ~76% institutional ownership reduce downside from headline noise but can limit volatile flows.
• Negative Sentiment: Large insider sales — EVP David Sumoski sold 33,068 shares (~$7.46M) on Apr 30. Form 4 — Sumoski
• Negative Sentiment: Additional insider trimming — EVP Daniel R. Needham sold 12,888 shares on May 1. Form 4 — Needham
• Negative Sentiment: More insider sales — EVP Noah C. Hanners sold 6,472 shares on May 1. Form 4 — Hanners
• Negative Sentiment: Other recent executive sales — Allen C. Behr (10,096 shares) and Michael D. Keller (4,554 shares) also sold shares in early May, further increasing headline selling. Form 4 — Behr Form 4 — Keller

Nucor Stock Up 1.0%

Nucor stock opened at $234.30 on Thursday. Nucor Corporation has a one year low of $106.21 and a one year high of $235.44. The stock has a fifty day moving average of $183.07 and a 200 day moving average of $170.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The stock has a market cap of $53.34 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 0.67 and a beta of 1.87.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion for the quarter, compared to analysts' expectations of $8.88 billion. During the same period last year, the firm posted $0.77 earnings per share. The business's revenue for the quarter was up 21.3% on a year-over-year basis. As a group, sell-side analysts predict that Nucor Corporation will post 13.64 EPS for the current year.

Nucor announced that its Board of Directors has approved a share repurchase program on Friday, February 20th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, March 31st. Nucor's payout ratio is 22.18%.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Daniel R. Needham sold 12,888 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the completion of the sale, the executive vice president directly owned 89,724 shares of the company's stock, valued at approximately $20,277,624. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Keller sold 4,554 shares of Nucor stock in a transaction on Monday, May 4th. The stock was sold at an average price of $225.86, for a total transaction of $1,028,566.44. Following the transaction, the insider owned 16,834 shares in the company, valued at $3,802,127.24. This represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 74,530 shares of company stock valued at $16,612,863 in the last quarter. Insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Nucor from $180.00 to $227.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 29th. Citigroup upped their price target on Nucor from $180.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. BMO Capital Markets lifted their price objective on Nucor from $196.00 to $235.00 and gave the stock an "outperform" rating in a report on Tuesday, April 28th. Seaport Research Partners restated a "buy" rating and set a $245.00 target price on shares of Nucor in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Nucor from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $243.80.

Nucor Company Profile

Nucor Corporation NYSE: NUE is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor's operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.

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