5,566 Shares in Nucor Corporation $NUE Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new stake in shares of Nucor Corporation (NYSE:NUE) during the third quarter, HoldingsChannel.com reports. The firm acquired 5,566 shares of the basic materials company’s stock, valued at approximately $1,303,000.

A number of other large investors also recently bought and sold shares of the business. Transamerica Financial Advisors LLC purchased a new stake in Nucor in the 2nd quarter valued at about $25,000. GK Wealth Management LLC purchased a new position in shares of Nucor in the 3rd quarter valued at approximately $28,000. Manning & Napier Advisors LLC purchased a new position in Nucor in the 2nd quarter worth $27,000. Bell Investment Advisors Inc acquired a new stake in Nucor during the 2nd quarter valued at approximately $28,000. Finally, Markowski Investments purchased a new stake in shares of Nucor in the second quarter worth about $29,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This trade represents a 19.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the completion of the transaction, the chief operating officer owned 77,867 shares in the company, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.62% of the company’s stock.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Higher earnings forecasts: Zacks Research raised its Nucor estimates for fourth-quarter 2026 EPS to $6.84 from $4.81, fourth-quarter 2027 EPS to $4.20 from $3.50, and full-year 2027 EPS to $19.44 from $18.83. These revisions point to improved expectations for profitability. Nucor earnings estimate revisions
• Positive Sentiment: Infrastructure investment: Nucor is investing $105 million to expand utility-pole production in Indiana. The project will add automation and approximately 100 jobs, positioning the company to benefit from growing demand for electricity transmission and distribution equipment. Nucor expands utility towers capacity
• Positive Sentiment: Strong-buy recognition: Nucor was included in Zacks’ Rank #1 “Strong Buy” lists for both momentum and value stocks. While these rankings are based on quantitative factors rather than a new fundamental announcement, they may support investor demand. Zacks momentum stocks Zacks value stocks
• Neutral Sentiment: Upcoming earnings catalyst: Nucor scheduled a webcast and conference call alongside its third-quarter 2026 results, giving investors a near-term opportunity to assess steel pricing, demand, margins and management’s outlook. Nucor third-quarter conference call
• Negative Sentiment: Mixed quarterly outlook: Zacks reduced its Q3 2026 EPS estimate to $5.61 from $5.90 and lowered Q3 2027 EPS to $5.13 from $5.23. The cuts suggest some pressure on near-term results, despite higher longer-term estimates.

Nucor Trading Up 1.2%

Shares of Nucor stock traded up $3.17 during trading hours on Wednesday, reaching $256.97. 1,032,680 shares of the company’s stock were exchanged, compared to its average volume of 1,545,426. Nucor Corporation has a 52-week low of $131.32 and a 52-week high of $280.11. The firm has a market capitalization of $58.30 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 0.62 and a beta of 1.84. The company has a fifty day moving average of $254.74 and a 200-day moving average of $236.61. 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 data on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 earnings per share. Sell-side analysts forecast that Nucor Corporation will post 19.62 EPS for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s dividend payout ratio (DPR) is currently 17.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NUE shares. Wells Fargo & Company reduced their price objective on shares of Nucor from $285.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Wall Street Zen lowered Nucor from a “strong-buy” rating to a “buy” rating in a research note on Monday. Barclays boosted their target price on Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Freedom Broker downgraded shares of Nucor from a “buy” rating to a “hold” rating and dropped their target price for the company from $305.00 to $285.00 in a research report on Friday, September 18th. Finally, Bank of America lowered their price target on Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $276.07.

About Nucor

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.