Intel stock extends gains after report of possible U.S. government stake
Kenneth Rex Query, Executive Vice President of Nucor Corp (NYSE:NUE), a prominent player in the Metals & Mining industry with a market capitalization of $30.3 billion, sold 10,000 shares of common stock on June 26, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, which has maintained dividend payments for 53 consecutive years, currently trades at $131.12. The shares were sold in two transactions at prices ranging from $130.3012 to $130.4, for a total value of $1,303,712.
Following the transactions, Query directly owns 101,168 shares and 94,080 shares of Nucor common stock.
In other recent news, Nucor Corporation has announced an optimistic second quarter earnings forecast, projecting earnings per share between $2.55 and $2.65. This estimate surpasses the Bloomberg Consensus of $2.30 per share and shows a significant improvement from the $0.67 per share reported in the first quarter of 2025. The company attributes this expected growth to enhancements across all its operating segments, particularly in the steel mills segment, driven by higher average selling prices at its sheet and plate mills. Additionally, Nucor has been active in repurchasing shares, with approximately 1.8 million shares bought back during the second quarter. Year-to-date, the company has returned around $755 million to shareholders through buybacks and dividends.
In another development, BMO Capital Markets has upgraded Nucor’s stock rating from Market Perform to Outperform, raising the price target to $145 from $140. This upgrade reflects BMO’s confidence in Nucor’s growth plan and strategic positioning, especially in light of recent tariff changes. Meanwhile, reports indicate ongoing negotiations between the U.S. and Mexico to potentially ease steel import tariffs, which could impact domestic producers like Nucor. The discussions suggest a cap on Mexican steel imports, which may increase competition for U.S. steel manufacturers. Nucor plans to release its full second quarter earnings report after the market closes on July 28, 2025.
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