The Manufacturers Life Insurance Company Purchases New Shares in Nucor Corporation $NUE

The Manufacturers Life Insurance Company purchased a new position in shares of Nucor Corporation (NYSE:NUE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 282,629 shares of the basic materials company’s stock, valued at approximately $62,956,000. The Manufacturers Life Insurance Company owned 0.12% of Nucor at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Nucor by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock valued at $4,633,554,000 after buying an additional 144,038 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Nucor during the second quarter worth about $4,452,563,000. Morgan Stanley increased its position in Nucor by 1.1% in the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after acquiring an additional 41,728 shares during the period. Norges Bank acquired a new position in Nucor in the 4th quarter valued at about $609,002,000. Finally, Dimensional Fund Advisors LP raised its stake in Nucor by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after acquiring an additional 22,718 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Wolfe Research maintained its Buy rating on Nucor, reinforcing the bullish analyst view of the steelmaker. Wolfe Research Sticks to Its Buy Rating for Nucor
• Positive Sentiment: Nucor was highlighted as a beneficiary of a broad metals-sector rally. Investors are also emphasizing its electric-arc-furnace operations, which are primarily U.S.-based and less exposed to tariff-burdened imports, as well as infrastructure-driven steel demand and its 52-year record of dividend increases. Nucor On The Radar As A Broad Metals Rally Lifts The Sector
• Positive Sentiment: The breakdown in U.S.-Canada trade discussions put steel tariffs back in focus, prompting gains across U.S. steel producers, including Nucor. The market is interpreting higher trade barriers as potential support for domestic steel prices, demand, and margins. Steel Stocks Jump as U.S.-Canada Tariff Fight Escalates
• Neutral Sentiment: Wells Fargo lowered its Nucor price target from $297 to $285 but retained an Overweight rating. The reduced target tempers the bullish outlook, while still indicating expected upside from the referenced share price.
• Neutral Sentiment: Recent coverage characterized Nucor’s rebound as a recovery from tariff-related volatility. While protectionist policy may improve its competitive position, changing trade policy and retaliation risks could produce sharp price swings. Nucor Shares Rebound After Tariff-Driven Volatility

Analyst Ratings Changes

Several research analysts have weighed in on NUE shares. Morgan Stanley set a $270.00 target price on Nucor in a research note on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Nucor in a report on Wednesday, July 29th. CICC Research initiated coverage on shares of Nucor in a research report on Monday, May 25th. They issued an “outperform” rating on the stock. Bank of America dropped their price objective on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Zacks Research downgraded shares of Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $272.38.

Nucor Stock Performance

Shares of NUE stock opened at $247.78 on Wednesday. The company has a market cap of $56.22 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 0.91 and a beta of 1.89. The stock has a 50 day simple moving average of $246.35 and a 200-day simple moving average of $217.86. Nucor Corporation has a 12-month low of $131.32 and a 12-month high of $280.11. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the business earned $2.60 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities analysts forecast that Nucor Corporation will post 17.95 EPS for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Nucor’s payout ratio is presently 17.86%.

Insider Transactions at Nucor

In other news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the transaction, the executive vice president owned 16,138 shares in the company, valued at $4,212,340.76. This trade represents a 19.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John J. Hollatz sold 10,560 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the sale, the executive vice president owned 97,865 shares of the company’s stock, valued at $25,294,187.90. This trade represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,528 shares of company stock valued at $4,793,035 in the last ninety days. 0.62% of the stock is currently owned by company insiders.

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.