National Pension Service Cuts Position in Nucor Corporation $NUE

National Pension Service reduced its position in shares of Nucor Corporation (NYSE:NUE) by 7.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 364,563 shares of the basic materials company’s stock after selling 29,737 shares during the period. National Pension Service’s holdings in Nucor were worth $81,206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NUE. Transamerica Financial Advisors LLC acquired a new position in shares of Nucor in the second quarter worth $25,000. Stance Capital LLC acquired a new stake in shares of Nucor in the third quarter valued at $25,000. Manning & Napier Advisors LLC purchased a new position in Nucor in the second quarter valued at $27,000. Strive Financial Group LLC purchased a new position in Nucor in the fourth quarter valued at $27,000. Finally, Bell Investment Advisors Inc acquired a new position in Nucor during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Activity at Nucor

In related news, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stephen Laxton sold 3,968 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on NUE. Bank of America cut their price target on Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Barclays boosted their price objective on Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group upped their target price on shares of Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, KeyCorp raised shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 target price on the stock in a report on Wednesday, June 24th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nucor has an average rating of “Moderate Buy” and a consensus price target of $274.38.

Nucor Stock Up 1.5%

Nucor stock opened at $259.28 on Friday. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The stock has a market cap of $58.82 billion, a PE ratio of 20.68, a P/E/G ratio of 0.94 and a beta of 1.87. The stock’s fifty day moving average is $251.74 and its two-hundred day moving average is $223.98.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The business had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the prior year, the firm posted $2.60 EPS. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. On average, sell-side analysts expect that Nucor Corporation will post 18.15 EPS for the current fiscal year.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan Chase raised its price target for Nucor to $308, signaling continued confidence in the steelmaker’s earnings outlook and potential upside. JPMorgan Chase Raises Nucor Price Target
• Positive Sentiment: Nucor has outperformed major steel-industry peers over the past year, while Wall Street analysts remain broadly bullish. Stronger relative performance can support investor interest and valuation momentum. Nucor Stock Performance Compared With Other Steel Stocks
• Positive Sentiment: Zacks Research increased its FY2028 EPS forecast for Nucor to $20.40 from $20.11 and raised its Q2 2028 estimate to $5.55 from $5.32. The revisions suggest improved longer-term earnings expectations, although Zacks retains a Hold rating. Zacks Research Nucor Earnings Estimates
• Neutral Sentiment: Industry commentary said Nucor and other steel producers are contending with weak demand but benefiting from higher steel prices. That combination supports margins but leaves results sensitive to demand conditions. Zacks Steel Industry Outlook
• Neutral Sentiment: Analysis of steel tariffs and trade disputes highlights a potentially favorable environment for U.S. producers such as Nucor, while also raising risks from retaliation, policy changes and weaker international trade. Nucor Steel Tariffs and Trade Spats
• Negative Sentiment: Zacks Research lowered its Q3 2026 EPS estimate to $5.90 from $5.95 and its Q4 estimate to $4.81 from $4.86. A separate Zacks report also cited a negative forecast for first-quarter earnings, creating near-term pressure on the outlook. Zacks Negative Nucor Earnings Forecast

About Nucor

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.