Meyer Handelman Co. Sells 2,500 Shares of Nucor Corporation $NUE

Meyer Handelman Co. lessened its holdings in Nucor Corporation (NYSE:NUE) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,282 shares of the basic materials company’s stock after selling 2,500 shares during the quarter. Meyer Handelman Co.’s holdings in Nucor were worth $11,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Nucor by 745.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 83,463 shares of the basic materials company’s stock worth $13,614,000 after purchasing an additional 73,588 shares during the period. Nordea Investment Management AB lifted its position in 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 valued at $342,642,000 after purchasing an additional 210,577 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Nucor during the fourth quarter valued at approximately $1,989,000. Oak Harvest Investment Services purchased a new stake in shares of Nucor during the fourth quarter valued at approximately $6,329,000. Finally, SG Americas Securities LLC grew its holdings in shares of Nucor by 123.5% in the fourth quarter. SG Americas Securities LLC now owns 85,474 shares of the basic materials company’s stock worth $13,942,000 after purchasing an additional 47,235 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NUE. Wells Fargo & Company decreased their target price on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings raised shares of Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. BNP Paribas Exane raised their price target on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Nucor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Finally, Barclays started coverage on shares of Nucor in a research note on Thursday, May 21st. They set an “overweight” rating and a $270.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.92.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: KeyBanc upgraded Nucor on a more favorable steel pricing outlook, suggesting margin and earnings tailwinds may be building. Nucor upgraded at KeyBanc on steel pricing outlook
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Nucor, including Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027 and FY2028, while keeping a Strong-Buy rating, reinforcing expectations for stronger profitability ahead.
• Positive Sentiment: Separate Zacks coverage noted that Nucor’s rising earnings estimates, capacity expansions, acquisitions and higher steel prices support the stock’s growth outlook. Here’s What Makes Nucor Stock a Solid Investment Option Now
• Neutral Sentiment: Industry commentary around steel and industrial materials remains supportive, with broader bullish attention on steel-related equities and ETFs, which may be helping sentiment across the sector.

Insider Activity

In related news, EVP Noah C. Hanners sold 6,472 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $226.50, for a total value of $1,465,908.00. Following the transaction, the executive vice president owned 50,377 shares in the company, valued at $11,410,390.50. The trade was a 11.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total value of $2,729,337.60. Following the completion of the sale, the executive vice president directly owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is currently owned by insiders.

Nucor Price Performance

NUE opened at $248.68 on Friday. 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 capitalization of $56.63 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.88. The stock’s 50 day moving average price is $234.86 and its 200-day moving average price is $194.48. Nucor Corporation has a 52-week low of $128.46 and a 52-week high of $270.90.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm’s revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities research analysts predict that Nucor Corporation will post 17.08 EPS for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is 22.18%.

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.