Wedge Capital Management L L P NC Sells 14,721 Shares of Nucor Corporation $NUE

Wedge Capital Management L L P NC cut its holdings in Nucor Corporation (NYSE:NUE) by 34.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,908 shares of the basic materials company’s stock after selling 14,721 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Nucor were worth $6,217,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NUE. RKL Wealth Management LLC lifted its holdings in shares of Nucor by 0.9% in the first quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock worth $899,000 after acquiring an additional 48 shares during the last quarter. Focus Financial Network Inc. grew its holdings in shares of Nucor by 3.6% during the 2nd quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock valued at $316,000 after purchasing an additional 49 shares during the last quarter. Empirical Asset Management LLC grew its holdings in shares of Nucor by 2.6% during the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock valued at $347,000 after purchasing an additional 54 shares during the last quarter. Krilogy Financial LLC increased its position in Nucor by 4.1% during the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 61 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in Nucor by 4.6% during the 2nd quarter. Moody National Bank Trust Division now owns 1,396 shares of the basic materials company’s stock worth $311,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Down 0.2%

Shares of NYSE NUE opened at $271.30 on Thursday. The company’s 50 day moving average price is $246.66 and its 200-day moving average price is $213.06. 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. The company has a market capitalization of $61.79 billion, a P/E ratio of 21.63, a price-to-earnings-growth 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 for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm earned $2.60 earnings per share. Nucor’s quarterly revenue was up 23.0% on a year-over-year basis. Equities analysts forecast that Nucor Corporation will post 17.95 earnings per share for the current year.

Nucor Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP John J. Hollatz sold 10,560 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the sale, the executive vice president owned 97,865 shares of the company’s stock, valued at $25,294,187.90. This trade represents a 9.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Stephen D. Laxton sold 3,968 shares of Nucor stock in a transaction on 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 completion of the sale, the chief operating officer directly owned 77,867 shares of the company’s stock, 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. Insiders have sold a total of 21,028 shares of company stock valued at $5,355,535 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Nucor News Summary

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

Analysts Set New Price Targets

A number of brokerages have weighed in on NUE. Bank of America cut their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Argus upped their price target on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 15th. The Goldman Sachs Group increased their price target on Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Seaport Research Partners raised their price objective on Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Citigroup restated a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $273.31.

Nucor 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.