Michael Keller Sells 4,554 Shares of Nucor (NYSE:NUE) Stock

Nucor Corporation (NYSE:NUE - Get Free Report) insider Michael Keller sold 4,554 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $225.86, for a total value of $1,028,566.44. Following the completion of the transaction, the insider owned 16,834 shares in the company, valued at approximately $3,802,127.24. This represents a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nucor Price Performance

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Nucor stock opened at $234.30 on Thursday. The business's 50-day simple moving average is $183.07 and its 200 day simple moving average is $170.61. The stock has a market cap of $53.34 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 0.67 and a beta of 1.87. Nucor Corporation has a 12-month low of $106.21 and a 12-month high of $235.44. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30.

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

Nucor Dividend Announcement

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The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be issued a $0.56 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.24 annualized dividend and a yield of 1.0%. Nucor's dividend payout ratio (DPR) is currently 22.18%.

Nucor declared that its board has initiated a stock repurchase plan on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

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A number of equities analysts have issued reports on NUE shares. UBS Group cut Nucor from a "buy" rating to a "neutral" rating and raised their target price for the stock from $190.00 to $224.00 in a report on Tuesday, April 28th. Jefferies Financial Group raised their target price on Nucor from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. BMO Capital Markets raised their target price on Nucor from $196.00 to $235.00 and gave the stock an "outperform" rating in a report on Tuesday, April 28th. Citigroup raised their target price on Nucor from $180.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on Nucor from $212.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.80.

View Our Latest Research Report on Nucor

Nucor News Summary

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

Institutional Investors Weigh In On Nucor

Several institutional investors have recently bought and sold shares of the company. Mediolanum International Funds Ltd lifted its stake in Nucor by 4.5% in the 1st quarter. Mediolanum International Funds Ltd now owns 17,261 shares of the basic materials company's stock valued at $2,844,000 after acquiring an additional 750 shares in the last quarter. Arjuna Capital lifted its stake in Nucor by 1.5% in the 1st quarter. Arjuna Capital now owns 10,826 shares of the basic materials company's stock valued at $1,831,000 after acquiring an additional 164 shares in the last quarter. California Public Employees Retirement System lifted its stake in Nucor by 19.3% in the 1st quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company's stock valued at $86,297,000 after acquiring an additional 82,668 shares in the last quarter. Clifford Swan Investment Counsel LLC lifted its stake in Nucor by 0.5% in the 1st quarter. Clifford Swan Investment Counsel LLC now owns 19,150 shares of the basic materials company's stock valued at $3,238,000 after acquiring an additional 100 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC bought a new stake in Nucor in the 1st quarter valued at approximately $207,000. Institutional investors own 76.48% of the company's stock.

Nucor Company Profile

(Get Free Report)

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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