Wedge Capital Management L L P NC Reduces Holdings in Nucor Corporation $NUE

Wedge Capital Management L L P NC reduced its stake in Nucor Corporation (NYSE:NUE) by 11.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,599 shares of the basic materials company’s stock after selling 5,707 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Nucor were worth $6,948,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton grew its position in Nucor by 3.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company’s stock worth $328,000 after purchasing an additional 69 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Nucor by 5.6% in the third quarter. Whittier Trust Co. now owns 1,330 shares of the basic materials company’s stock worth $184,000 after buying an additional 70 shares during the last quarter. HUB Investment Partners LLC lifted its stake in shares of Nucor by 1.9% during the second quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock worth $531,000 after buying an additional 75 shares during the period. Versant Capital Management Inc grew its holdings in shares of Nucor by 23.2% during the third quarter. Versant Capital Management Inc now owns 425 shares of the basic materials company’s stock valued at $58,000 after buying an additional 80 shares during the last quarter. Finally, True North Advisors LLC grew its holdings in shares of Nucor by 3.9% during the third quarter. True North Advisors LLC now owns 2,195 shares of the basic materials company’s stock valued at $297,000 after buying an additional 82 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Company issued stronger Q1 2026 EPS guidance of $2.70–$2.80 and management noted improving mill backlog and limited direct energy exposure, which analysts say helps insulate results from geopolitical risk. Read More.
• Positive Sentiment: UBS upgraded NUE to Buy (price target $190, up from $184), calling the recent pullback an “excessive correction” and a buying opportunity—this provides a high‑profile bullish catalyst and implies ~16% upside to the new PT. Read More.
• Positive Sentiment: Seaport Research reiterated a Buy and maintained a $185 target following Nucor’s Q1 pre‑announcement, flagging improving profitability expectations. Read More.
• Neutral Sentiment: KeyCorp initiated coverage on Nucor (coverage initiation can add visibility but impact depends on the assigned rating and model assumptions). Read More.
• Neutral Sentiment: Zacks industry outlook highlighted Nucor among steel peers—notes mixed demand headwinds but supportive factors like rising steel prices and non‑residential construction. Read More.
• Negative Sentiment: Recent quarterly results fell short of consensus (Q4 EPS $1.73 vs. $1.91 est.; revenue $7.69B vs. $7.93B est.), creating short‑term headwinds. Combined with macro/geopolitical driven risk aversion (Middle East conflict), this helps explain intraday weakness despite the bullish analyst moves.

Insider Buying and Selling

In related news, EVP Kenneth Rex Query sold 7,452 shares of Nucor stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total transaction of $1,460,741.04. Following the completion of the transaction, the executive vice president directly owned 76,628 shares in the company, valued at approximately $15,020,620.56. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel R. Needham sold 3,881 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $178.00, for a total value of $690,818.00. Following the completion of the transaction, the executive vice president directly owned 88,298 shares of the company’s stock, valued at $15,717,044. The trade was a 4.21% 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 26,401 shares of company stock valued at $4,936,152 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their target price on Nucor from $190.00 to $196.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. UBS Group upgraded Nucor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $184.00 to $190.00 in a research note on Thursday. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley restated an “equal weight” rating and issued a $180.00 price objective (up from $165.00) on shares of Nucor in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. lifted their target price on Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $188.90.

Nucor Trading Down 1.5%

Shares of Nucor stock opened at $163.48 on Friday. The stock has a market cap of $37.23 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 0.59 and a beta of 1.83. The firm has a fifty day moving average price of $175.87 and a 200 day moving average price of $159.62. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $196.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.18). The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Nucor had a net margin of 5.37% and a return on equity of 8.26%. Nucor’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. Equities research analysts predict that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor announced that its Board of Directors has initiated a share buyback program on Friday, February 20th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be paid a $0.56 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. Nucor’s dividend payout ratio is presently 29.71%.

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.