Nucor Corporation $NUE Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in Nucor Corporation (NYSE:NUE) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,373 shares of the basic materials company’s stock after purchasing an additional 3,705 shares during the period. Lazard Asset Management LLC’s holdings in Nucor were worth $9,702,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Gateway Wealth Partners LLC purchased a new position in shares of Nucor during the first quarter valued at approximately $212,000. OMERS ADMINISTRATION Corp grew its stake in Nucor by 66.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 16,940 shares of the basic materials company’s stock worth $2,865,000 after acquiring an additional 6,756 shares during the period. Lombard Odier Asset Management Switzerland SA grew its stake in Nucor by 44.6% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 16,200 shares of the basic materials company’s stock worth $2,739,000 after acquiring an additional 5,000 shares during the period. Morningstar Investment Management LLC acquired a new position in Nucor in the 1st quarter valued at $1,056,000. Finally, Compound Planning Inc. lifted its stake in shares of Nucor by 9.2% during the 1st quarter. Compound Planning Inc. now owns 5,096 shares of the basic materials company’s stock worth $862,000 after purchasing an additional 428 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Trading Down 3.6%

NUE stock opened at $256.04 on Thursday. The company has a market cap of $58.31 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.61 and a beta of 1.91. The company has a quick ratio of 1.55, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $241.82 and a 200-day simple moving average of $206.31. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $270.90.

Nucor (NYSE:NUE) last posted its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the company earned $2.60 EPS. The company’s revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that Nucor Corporation will post 17.53 EPS for the current year.

Nucor Dividend Announcement

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

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor reported second-quarter earnings of $4.84 per share, ahead of the $4.46 consensus estimate, while revenue reached $10.40 billion versus expectations of $10.15 billion. Net earnings increased 92% year over year to approximately $1.2 billion, supported by higher steel prices and volumes. Nucor beats quarterly results on strong pricing, demand
• Positive Sentiment: Management highlighted record steel mill shipments, resilient demand and expectations for stronger consolidated earnings in the third quarter and second half of 2026. Major growth projects could provide additional long-term capacity and earnings potential. NUE Q2 Earnings Call Highlights Growth Projects And Demand
• Positive Sentiment: The company affirmed its regular cash dividend and returned roughly $479 million to shareholders through dividends and share repurchases, reinforcing the shareholder-return case. Nucor Could Be 4% Undervalued On Q2 Results And Dividend Affirmation
• Neutral Sentiment: Zacks Research made only modest increases to its 2026 EPS forecast, to $18.32 from $18.30, while retaining a “Hold” rating. UBS raised its price target to $256 but also maintained a “Neutral” rating, suggesting limited near-term upside at current levels. UBS raises Nucor price target
• Negative Sentiment: Nucor continues to face increased steel imports and startup costs associated with growth projects. After a substantial rally and trading near its 12-month high, the strong results may have been partly anticipated, creating room for profit-taking despite the positive outlook. Nucor Q2 Earnings Call Highlights: Record Shipments and Strong Financial Performance

Insider Transactions at Nucor

In other news, insider Michael D. Keller sold 4,554 shares of Nucor stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $225.86, for a total transaction of $1,028,566.44. Following the sale, the insider directly owned 16,834 shares of the company’s stock, valued at approximately $3,802,127.24. The trade was a 21.29% 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 12,888 shares of Nucor stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.00, for a total value of $2,912,688.00. Following the sale, the executive vice president owned 89,724 shares in the company, valued at $20,277,624. This represents a 12.56% 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 49,310 shares of company stock worth $11,501,475 over the last three months. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NUE. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Seaport Research Partners increased their target price on Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Wall Street Zen upgraded Nucor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. KeyCorp raised Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price target on the stock in a research note on Wednesday, June 24th. Finally, Barclays lifted their price target on Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average price target of $273.31.

About Nucor

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.