Moors & Cabot Inc. Reduces Stake in Nucor Co. (NYSE:NUE)

On March 17th, 2025, it was reported that Moors & Cabot Inc. has decreased its holdings in Nucor Co. (NYSE:NUE) by 13.4% during the fourth quarter. This reduction included the sale of 383 shares, leaving the company with a total of 2,473 shares of Nucor. At the end of the reporting period, these holdings were valued at approximately $289,000.

In addition to Moors & Cabot, other institutional investors are also adjusting their positions in Nucor. Coastline Trust Co. acquired a new stake in the company during the third quarter, valued around $29,000. Likewise, Crews Bank & Trust and New Wave Wealth Advisors LLC both purchased new shares worth approximately $29,000 and $33,000, respectively, during the fourth quarter. Notably, Versant Capital Management Inc. increased its holdings by 60.3%, owning 303 shares after acquiring an additional 114 shares during the same period. Furthermore, Beacon Capital Management LLC raised its stake by 29.1%, now holding 417 shares after adding 94 shares in the last quarter. Overall, institutional investors own about 76.48% of Nucor’s stock.

Nucor's Stock Performance

Nucor shares opened at $132.26. The company maintains a debt-to-equity ratio of 0.27, a quick ratio of 1.48, and a current ratio of 2.51. The stock has a 50-day simple moving average of $129.75 and a 200-day simple moving average of $138.42. Nucor’s stock has seen a 52-week low of $112.25 and a high of $203.00. The firm holds a market capitalization of $30.49 billion, with a price-to-earnings (P/E) ratio of 15.73, a P/E/G ratio of 0.96, and a beta of 1.58.

The last earnings report from Nucor was issued on January 27th, where they announced earnings per share (EPS) of $1.22 for the quarter, surpassing the anticipated estimate of $0.94 by $0.28. The return on equity was noted at 9.85%, with a net margin of 6.60%. Analysts forecast that Nucor will achieve an EPS of 7.64 for the current fiscal year.

Dividend Announcement from Nucor

Nucor has also recommended a quarterly dividend to be distributed on May 12th. Shareholders of record as of March 31st will receive a dividend of $0.55, with an ex-dividend date also set for March 31st. This translates to an annualized dividend of $2.20, marking a dividend yield of 1.66%. Currently, the company’s dividend payout ratio stands at 26.16%.

Analyst Ratings on Nucor

Several analysts have recently provided insights on NUE shares. The Goldman Sachs Group initiated coverage on Nucor with a “buy” rating and a price target of $190.00 on December 2nd. StockNews.com raised Nucor's rating from “sell” to “hold” on February 12th. Additionally, JPMorgan Chase & Co. increased their price target from $150.00 to $156.00, giving Nucor an “overweight” rating. Jefferies Financial Group also elevated their target from $125.00 to $135.00, maintaining a “hold” rating. Furthermore, Morgan Stanley raised their price target to $167.00 from $154.00, continuing the “overweight” rating. In total, four analysts suggest a hold rating, five recommend buying, and one provides a strong buy rating for Nucor. According to MarketBeat, Nucor currently holds an average rating of “Moderate Buy” with an average price target of $164.33.

Overview of Nucor

Nucor Corporation is involved in the manufacturing and sale of steel and related products, operating through three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces various types of steel products including hot-rolled, cold-rolled, and galvanized sheet steel, as well as structural steel products and engineered special bar quality products.

Moors, Nucor, Shares