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Daniel R. Needham, Executive Vice President of Nucor Corp (NYSE:NUE), sold 7,088 shares of common stock on June 24, 2025, at a price of $127.87, totaling $906,342. The sale comes as Nucor trades near $130, showing a strong 10% gain year-to-date. According to InvestingPro analysis, the stock currently appears fairly valued, with a "GOOD" Financial Health score.
Following the transaction, Needham directly owns 99,379.37 shares of Nucor Corp. While this insider sale is notable, InvestingPro data shows management has been actively buying back shares, and the company has maintained dividend payments for 53 consecutive years, demonstrating strong shareholder returns. InvestingPro subscribers have access to 10 more key insights about Nucor’s financial outlook and market position.
In other recent news, Nucor Corporation has projected its second-quarter earnings to range between $2.55 and $2.65 per diluted share, surpassing the consensus estimate of $2.30. This forecast indicates a significant improvement from the $0.67 per share reported in the first quarter of 2025. The company attributes this expected increase to enhanced performance across all three of its operating segments, particularly in the steel mills segment due to higher average selling prices. Nucor also reported that it has repurchased approximately 1.8 million shares during the second quarter, contributing to a year-to-date return of approximately $755 million to stockholders through share repurchases and dividends. In addition, BMO Capital Markets has upgraded Nucor’s stock rating from Market Perform to Outperform, raising the price target to $145, citing confidence in the company’s multi-year growth plan and strategic positioning. This upgrade reflects BMO’s positive outlook on Nucor’s potential to benefit from the current tariff landscape and its diversified product portfolio. Meanwhile, reports have surfaced about a potential U.S.-Mexico deal that could ease tariffs on Mexican steel imports, which has caused some concern among domestic producers like Nucor. The company plans to release its full second-quarter earnings report after the market closes on July 28, 2025.
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