Nucor Corporation $NUE Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its position in shares of Nucor Corporation (NYSE:NUE) by 41.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 29,571 shares of the basic materials company’s stock after selling 21,136 shares during the period. Empowered Funds LLC’s holdings in Nucor were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NUE. Norges Bank purchased a new stake in Nucor during the fourth quarter worth $609,002,000. AQR Capital Management LLC grew its position in Nucor by 580.9% during the second quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock valued at $84,699,000 after buying an additional 557,819 shares during the period. Bank of New York Mellon Corp increased its holdings in Nucor by 27.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,780,423 shares of the basic materials company’s stock valued at $290,405,000 after buying an additional 383,952 shares in the last quarter. M&T Bank Corp increased its holdings in Nucor by 494.5% in the fourth quarter. M&T Bank Corp now owns 434,511 shares of the basic materials company’s stock valued at $70,873,000 after buying an additional 361,417 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in shares of Nucor in the fourth quarter worth about $51,135,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analysts raise earnings expectations: Zacks Research brokers increased their earnings estimates for Nucor, suggesting greater confidence in the company’s near-term profitability. Zacks Research Brokers Raise Earnings Estimates for Nucor
• Positive Sentiment: Record shipments strengthen the outlook: Nucor’s shipment performance is being cited as a key reason for a more bullish earnings outlook, indicating solid demand across its steel operations. Nucor’s Record Shipments Drive Bullish Earnings Outlook
• Positive Sentiment: Positive momentum and relative performance: Nucor is described as a strong momentum stock and has outperformed other basic-materials companies, including Charlotte-based Albemarle, supporting continued investor interest. Here’s Why Nucor Is a Strong Momentum Stock Nucor Outshines Albemarle in Charlotte Stock Duel
• Positive Sentiment: UBS sees further upside: A UBS Group analyst expects Nucor’s stock price to rise, adding to the constructive analyst sentiment. Nucor Stock Price Expected to Rise, UBS Analyst Says
• Neutral Sentiment: Analyst views are not unanimous: Recent coverage includes mixed opinions on Nucor, while another report discusses Nucor alongside Ecolab without indicating a clear change in the company’s fundamentals. Analysts’ Opinions Are Mixed on Nucor
• Negative Sentiment: Macro risks remain: A shrinking U.S. trade deficit is accompanied by signs of pressure in steel mills, freight activity and consumer sentiment, raising concerns about industrial demand and potential cyclicality for steel producers. What a $101.5 Billion Trade Deficit Really Means for Americans in 2026

Insider Buying and Selling

In other Nucor news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the transaction, the executive vice president owned 97,865 shares of the company’s stock, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Randy J. Spicer sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $225.00, for a total value of $562,500.00. Following the completion of the transaction, the executive vice president owned 20,510 shares in the company, valued at approximately $4,614,750. This trade represents a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,950 shares of company stock worth $7,122,879 in the last quarter. 0.62% of the stock is owned by insiders.

Nucor Stock Performance

NUE opened at $257.19 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The company has a market cap of $58.57 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.58 and a beta of 1.91. Nucor Corporation has a 52-week low of $131.32 and a 52-week high of $270.90. The firm’s fifty day simple moving average is $242.94 and its two-hundred day simple moving average is $207.32.

Nucor (NYSE:NUE) last announced its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.60 earnings per share. Equities analysts anticipate that Nucor Corporation will post 17.84 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Nucor’s payout ratio is presently 17.86%.

Analyst Upgrades and Downgrades

NUE has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday. Argus lifted their price target on Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Bank of America reduced their price target on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BNP Paribas Exane increased their price target on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research lowered Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $273.31.

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.