Nucor Corporation $NUE Stock Sold by Busey Bank

Busey Bank lowered its stake in Nucor Corporation (NYSE:NUE) by 15.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 79,258 shares of the basic materials company’s stock after selling 14,647 shares during the quarter. Busey Bank’s holdings in Nucor were worth $18,527,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NUE. BlackRock Inc. acquired a new position in shares of Nucor during the 2nd quarter valued at about $4,452,563,000. Bank of America Corp DE bought a new position in shares of Nucor in the 2nd quarter valued at approximately $462,886,000. Dimensional Fund Advisors LP raised its stake in shares of Nucor by 0.9% in 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 in the last quarter. Berkshire Hathaway Inc acquired a new stake in Nucor in the 2nd quarter worth approximately $413,814,000. Finally, Bank of New York Mellon Corp acquired a new stake in Nucor in the 2nd quarter worth approximately $330,902,000. Institutional investors own 76.48% of the company’s stock.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor reported third-quarter net earnings of $1.32 billion, or $5.80 per diluted share, compared with $607 million, or $2.63 per share, a year earlier. Revenue climbed 32% to $11.25 billion, exceeding estimates in several analyst comparisons. Nucor Reports Results for the Third Quarter of 2026
• Positive Sentiment: The steel mills segment led the improvement, with earnings before taxes and noncontrolling interests more than doubling year over year to $1.79 billion. Higher average selling prices and volumes also benefited steel products operations, while industry steel prices reached their highest level in roughly four years. Nucor Reports Higher Profit, Revenue on Steel Mills Strength
• Positive Sentiment: Management expects fourth-quarter earnings to be generally in line with or modestly above the third quarter. Higher realized pricing is expected to offset seasonally weaker volumes and higher costs. Nucor also cited solid demand in key end markets, progress at its West Virginia sheet mill and Berkeley galvanizing line, and approximately $629 million returned to shareholders through buybacks and dividends. Nucor Rises After Strong Q3 Results and Confident Fourth-Quarter Outlook
• Neutral Sentiment: The earnings comparison is mixed: $5.80 per share topped some published estimates, but narrowly missed the $5.84 consensus cited by MarketBeat. With the stock trading near its 52-week high, investors may increasingly evaluate whether elevated steel prices and margins can persist.
• Negative Sentiment: Reported insider activity is a potential overhang: company executives recorded 26 open-market sales and no purchases over the past six months. These transactions may reflect compensation or diversification rather than a fundamental change in outlook, but they provide a counterpoint to the earnings-driven optimism.

Nucor Price Performance

NUE opened at $270.53 on Wednesday. Nucor Corporation has a 1-year low of $140.93 and a 1-year high of $280.11. The business has a 50 day moving average of $252.47 and a 200-day moving average of $221.81.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). The firm had revenue of $11.25 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same quarter last year, the firm posted $2.63 EPS. The company’s revenue was up 32.0% compared to the same quarter last year. Equities research analysts predict that Nucor Corporation will post 19.62 earnings per share for the current fiscal year.

Nucor Announces Dividend

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 issued a $0.56 dividend. 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 0.8%.

Wall Street Analysts Forecast Growth

NUE has been the subject of a number of recent analyst reports. Weiss Ratings raised Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 15th. Citigroup reissued a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. Zacks Research raised shares of Nucor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. 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 note on Friday, September 18th. Finally, KeyCorp decreased their price objective on shares of Nucor from $288.00 to $286.00 and set an “overweight” rating for the company in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $276.86.

Insiders Place Their Bets

In other news, COO Stephen Laxton sold 3,968 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction 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. The trade was a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This represents a 19.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is owned by corporate insiders.

About Nucor

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.