Nucor Corporation $NUE Holdings Trimmed by InvesTrust

InvesTrust reduced its stake in shares of Nucor Corporation (NYSE:NUE) by 20.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,194 shares of the basic materials company’s stock after selling 3,414 shares during the quarter. Nucor accounts for 1.1% of InvesTrust’s portfolio, making the stock its 28th largest position. InvesTrust’s holdings in Nucor were worth $3,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Nucor in the 2nd quarter valued at $4,452,563,000. Bank of America Corp DE bought a new stake in shares of Nucor in the 2nd quarter worth about $462,886,000. Dimensional Fund Advisors LP increased its position in shares of Nucor by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock worth $429,298,000 after purchasing an additional 22,718 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of Nucor during the 2nd quarter worth about $413,814,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Nucor during the 2nd quarter worth about $330,902,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the sale, the chief operating officer 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas J. Batterbee sold 4,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 16,138 shares in the company, valued at $4,212,340.76. The trade was a 19.86% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.62% of the company’s stock.

Nucor News Roundup

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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Nucor from $308.00 to $296.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. The Goldman Sachs Group lowered their target price on shares of Nucor from $304.00 to $302.00 and set a “buy” rating for the company in a report on Friday, September 18th. Barclays upped their target price on shares of Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Bank of America dropped their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded Nucor from a “strong-buy” rating to a “buy” rating in a research note on Monday. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nucor presently has a consensus rating of “Moderate Buy” and an average price target of $276.07.

Nucor Price Performance

Nucor stock opened at $256.97 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. The firm 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 business has a 50-day moving average of $254.39 and a 200-day moving average of $237.25. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $280.11.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the company posted $2.60 EPS. Nucor’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities analysts anticipate that Nucor Corporation will post 19.62 EPS for the current year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be given 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 of this dividend is Wednesday, September 30th. Nucor’s dividend payout ratio (DPR) is currently 17.86%.

Nucor Company Profile

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.