Nucor Corporation $NUE Stock: InvesTrust Reduces Holdings

InvesTrust lowered its stake in Nucor Corporation (NYSE:NUE) by 20.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,194 shares of the basic materials company’s stock after selling 3,414 shares during the period. Nucor accounts for about 1.1% of InvesTrust’s holdings, making the stock its 28th biggest holding. InvesTrust’s holdings in Nucor were worth $3,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of Nucor by 3.2% during the third quarter. Mather Group LLC. now owns 2,066 shares of the basic materials company’s stock worth $483,000 after acquiring an additional 64 shares during the period. Fortitude Family Office LLC lifted its position in Nucor by 85.7% in the 3rd quarter. Fortitude Family Office LLC now owns 312 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 144 shares in the last quarter. Strategy Asset Managers LLC acquired a new position in Nucor in the 3rd quarter worth $800,000. Sanders Morris Harris LLC acquired a new position in Nucor in the 3rd quarter worth $1,303,000. Finally, First Citizens Bank & Trust Co. boosted its stake in Nucor by 383.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,991 shares of the basic materials company’s stock worth $1,167,000 after purchasing an additional 3,959 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Activity at Nucor

In other news, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred 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 owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephen Laxton sold 3,968 shares of the stock in a transaction that occurred on 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by corporate insiders.

Nucor Trading Up 1.2%

Nucor stock opened at $256.97 on Thursday. The stock has a 50-day simple moving average of $254.39 and a 200 day simple moving average of $237.25. The stock has a market capitalization of $58.30 billion, a P/E ratio of 20.49, a PEG ratio of 0.62 and a beta of 1.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $280.11.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, beating the consensus estimate of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. 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 company earned $2.60 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Analysts expect that Nucor Corporation will post 19.62 earnings per share for the current year.

Nucor Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on NUE. Citigroup reaffirmed a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. Morgan Stanley set a $270.00 target price on Nucor in a research report on Wednesday, July 29th. Freedom Broker cut Nucor from a “buy” rating to a “hold” rating and cut their target price for the company from $305.00 to $285.00 in a research note on Friday, September 18th. Wall Street Zen cut Nucor from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Barclays upped their price target on Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $276.07.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor plans to invest $105 million to expand its Nucor Towers & Structures facility in Crawfordsville, Indiana. The project will add more than 120,000 square feet of automated manufacturing capacity and create 100 jobs, positioning the company to benefit from rising U.S. electricity transmission and distribution spending. Does Nucor’s US$105 Million Grid Investment Shift The Bull Case For NUE Toward Higher-Value Steel?
• Positive Sentiment: The Indiana expansion strengthens Nucor’s exposure to higher-value utility poles and related structural products rather than relying solely on traditional steel markets. Advanced automation could improve production efficiency and margins as grid investment accelerates. What Does Nucor Indiana Utility Pole Expansion Mean For Grid Growth?
• Positive Sentiment: Zacks Research raised its Nucor EPS forecasts for fourth-quarter 2026 to $6.84 from $4.81, fourth-quarter 2027 to $4.20 from $3.50, and full-year 2027 to $19.44 from $18.83. These revisions provide a more constructive earnings backdrop, despite the firm retaining a “Hold” rating.
• Positive Sentiment: NUE was included in Zacks’ October 14 Strong Buy lists for both momentum and value stocks, reinforcing the stock’s favorable technical performance and valuation profile. Best Momentum Stocks to Buy for October 14th
• Neutral Sentiment: Nucor is scheduled to discuss its third-quarter 2026 results on an upcoming conference call, which could provide additional guidance on steel pricing, margins and demand. Nucor Invites You to Join Its Third Quarter of 2026 Conference Call
• Negative Sentiment: Zacks lowered some longer-term quarterly EPS estimates, including third-quarter 2026 to $5.61 from $5.90 and third-quarter 2027 to $5.13 from $5.23. The cuts suggest that steel-market cyclicality and margin pressure remain risks.

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.