Front Street Capital Management Inc. Decreases Position in Nucor Corporation $NUE

Front Street Capital Management Inc. trimmed its holdings in Nucor Corporation (NYSE:NUE) by 11.4% in the first quarter, HoldingsChannel.com reports. The firm owned 76,539 shares of the basic materials company’s stock after selling 9,815 shares during the quarter. Nucor comprises about 1.7% of Front Street Capital Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Front Street Capital Management Inc.’s holdings in Nucor were worth $12,943,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Nucor by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock worth $4,633,554,000 after buying an additional 144,038 shares during the last quarter. Morgan Stanley grew its position in shares of Nucor by 1.1% in the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after buying an additional 41,728 shares during the last quarter. Norges Bank purchased a new position in shares of Nucor in the 4th quarter valued at $609,002,000. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 22,718 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Nucor by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,919,883 shares of the basic materials company’s stock worth $313,152,000 after acquiring an additional 56,565 shares in the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Earnings beat expectations: Nucor reported quarterly EPS of $4.84, above the $4.46 consensus estimate, while revenue of $10.40 billion also exceeded forecasts and rose 23% year over year. The results prompted a sharp stock-market rally. Nucor Trading 7.2% Higher Following Earnings Beat
• Positive Sentiment: Strong operating momentum: Management highlighted record steel mill shipments, resilient demand and major growth projects, supporting a more optimistic second-half 2026 outlook. NUE Q2 Earnings Call Highlights Growth Projects And Demand
• Positive Sentiment: Analyst expectations remain supportive: UBS Group reportedly expects Nucor’s stock to rise, while Zacks’ momentum framework identifies NUE as a strong momentum stock. The shares are trading well above their 50-day and 200-day moving averages. Nucor Stock Price Expected to Rise, UBS Group Analyst Says Here’s Why Nucor Is a Strong Momentum Stock
• Neutral Sentiment: Estimates edged higher: Zacks Research raised its Q2 EPS estimate to $4.78 and its FY2026 forecast to $18.32, but maintained a “Hold” rating, indicating that valuation or cyclical concerns remain. Nucor Analyst Estimate Changes
• Neutral Sentiment: Analyst views are mixed: Recent commentary is broadly constructive on shipments and demand, but some analysts remain cautious. The company’s performance has also been linked to tariff protection, leaving future results sensitive to trade policy and steel-market conditions. Analysts’ Opinions Are Mixed on Nucor

Insider Transactions at Nucor

In related news, EVP Allen C. Behr sold 10,096 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the sale, the executive vice president owned 62,871 shares in the company, valued at $14,213,875.68. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Randy J. Spicer sold 2,500 shares of Nucor stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $225.00, for a total value of $562,500.00. Following the completion of the sale, 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. Insiders have sold 29,950 shares of company stock valued at $7,122,879 over the last 90 days. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NUE. Wells Fargo & Company upped their price objective on shares of Nucor from $283.00 to $297.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Bank of America reduced their target price on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Argus upped their target price on Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, BMO Capital Markets raised their price target on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday. Twelve equities 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, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $273.31.

Nucor Price Performance

Nucor stock opened at $257.15 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.55. The business has a 50 day simple moving average of $242.43 and a 200-day simple moving average of $206.97. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $270.90. The stock has a market capitalization of $58.56 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.58 and a beta of 1.91.

Nucor (NYSE:NUE) last announced its quarterly earnings data 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. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The company had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the previous year, the company posted $2.60 EPS. Nucor’s revenue was up 23.0% compared to the same quarter last year. Equities analysts predict that Nucor Corporation will post 17.65 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio is currently 17.86%.

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.