Trinity Street Asset Management LLP Trims Stock Position in Nucor Corporation $NUE

Trinity Street Asset Management LLP trimmed its position in shares of Nucor Corporation (NYSE:NUE) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,518 shares of the basic materials company’s stock after selling 8,308 shares during the period. Nucor makes up approximately 1.7% of Trinity Street Asset Management LLP’s holdings, making the stock its 10th biggest holding. Trinity Street Asset Management LLP owned approximately 0.07% of Nucor worth $33,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NUE. Integrated Wealth Concepts LLC increased its position in Nucor by 21.1% in the first quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 568 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Nucor in the 1st quarter worth $259,000. Geneos Wealth Management Inc. grew its stake in shares of Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after buying an additional 153 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Nucor in the 2nd quarter worth about $390,000. Finally, Cerity Partners LLC increased its holdings in shares of Nucor by 51.9% in the 2nd quarter. Cerity Partners LLC now owns 40,629 shares of the basic materials company’s stock worth $5,263,000 after buying an additional 13,877 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NUE has been the subject of a number of analyst reports. Barclays increased their price target on shares of Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group upped their price objective on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Bank of America lowered their price objective on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Morgan Stanley set a $270.00 target price on Nucor in a research report on Wednesday, July 29th. Finally, Zacks Research lowered Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $273.31.

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

Insiders Place Their Bets

In other news, COO Stephen D. Laxton sold 3,968 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Randy J. Spicer sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $225.00, for a total transaction of $562,500.00. Following the completion of the transaction, the executive vice president directly owned 20,510 shares in the company, valued at $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 worth $5,355,535. Insiders own 0.62% of the company’s stock.

Nucor Stock Performance

Nucor stock opened at $271.30 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. The firm 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. The company’s 50-day moving average is $246.66 and its 200 day moving average is $213.06.

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 business had revenue of $10.40 billion during 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 company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 earnings per share. Research analysts forecast that Nucor Corporation will post 17.95 EPS for the current year.

Nucor Dividend Announcement

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

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.