Nucor Corporation $NUE Stake Reduced by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP cut its position in shares of Nucor Corporation (NYSE:NUE) by 5.3% in the second quarter, HoldingsChannel reports. The firm owned 148,518 shares of the basic materials company’s stock after selling 8,308 shares during the period. Nucor comprises about 1.7% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 10th largest holding. Trinity Street Asset Management LLP’s holdings in Nucor were worth $33,082,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Regent Peak Wealth Advisors LLC bought a new position in shares of Nucor during the 2nd quarter worth $206,000. Tema ETFs LLC raised its holdings in shares of Nucor by 8.9% in the second quarter. Tema ETFs LLC now owns 7,091 shares of the basic materials company’s stock valued at $1,580,000 after acquiring an additional 580 shares in the last quarter. Fruth Investment Management bought a new stake in shares of Nucor in the second quarter valued at about $256,000. Generali Investments Management Co LLC lifted its stake in Nucor by 38.1% in the second quarter. Generali Investments Management Co LLC now owns 1,789 shares of the basic materials company’s stock worth $398,000 after acquiring an additional 494 shares during the period. Finally, Community Financial Services Group LLC purchased a new stake in Nucor in the second quarter worth about $296,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NUE has been the topic of a number of research reports. Morgan Stanley set a $270.00 target price on shares of Nucor in a research report on Wednesday, July 29th. CICC Research assumed coverage on shares of Nucor in a research note on Monday, May 25th. They set an “outperform” rating on the stock. Seaport Research Partners lifted their price objective on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Jefferies Financial Group boosted their price objective on shares of Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, KeyCorp upgraded Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 target price for the company in a report on Wednesday, June 24th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $273.31.

Nucor Stock Down 0.2%

Nucor stock opened at $271.30 on Thursday. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. The business has a fifty day moving average price of $246.66 and a 200-day moving average price of $213.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The stock has a market capitalization of $61.79 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 0.61 and a beta of 1.89.

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 company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. Equities research analysts forecast that Nucor Corporation will post 17.95 EPS for the current fiscal year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.56 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.8%. Nucor’s dividend payout ratio is 17.86%.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research raised its Q3 2026 EPS estimate to $5.95 from $5.62 and its Q4 2026 estimate to $5.06 from $4.68, suggesting potentially stronger near-term operating performance. However, the firm maintained a “Hold” rating. Zacks Research Nucor estimates
• Positive Sentiment: Nucor received a consensus analyst recommendation of “Moderate Buy,” providing some support for the stock’s longer-term outlook. Nucor receives Moderate Buy consensus
• Positive Sentiment: A long-term performance review highlights the potential benefits of holding Nucor over extended periods, reinforcing the company’s appeal as a cyclical steel and dividend investment rather than a short-term trade. Nucor decade-long investment performance
• Neutral Sentiment: Industry research projects substantial growth in the global direct reduced iron market through 2034. This could create longer-term opportunities for lower-emission steelmaking, but the report does not identify a specific new contract or earnings impact for Nucor. Global direct reduced iron market outlook
• Negative Sentiment: Zacks Research cut multiple future EPS forecasts: FY2027 to $19.15 from $23.08, FY2028 to $20.11 from $23.38, Q4 2027 to $3.58 from $5.69, Q1 2028 to $4.51 from $5.51, and Q2 2028 to $5.32 from $5.84. The revisions point to expectations for weaker steel pricing or margins over the longer term. Nucor earnings estimate revisions
• Negative Sentiment: Commentary questions whether Nucor can withstand softer sheet-steel pricing, a key risk because lower selling prices can compress margins even when production volumes remain healthy. Nucor and softer sheet steel pricing

Insider Activity at Nucor

In related news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction that occurred on 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 directly owned 16,138 shares of the company’s stock, 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 Randy J. Spicer sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $225.00, for a total transaction of $562,500.00. Following the sale, the executive vice president directly owned 20,510 shares in the company, valued at approximately $4,614,750. This represents a 10.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 21,028 shares of company stock valued at $5,355,535. Company insiders own 0.62% of the company’s stock.

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.