Nucor Corporation $NUE Stake Reduced by Blue Edge Capital LLC

Blue Edge Capital LLC trimmed its stake in Nucor Corporation (NYSE:NUE) by 75.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,400 shares of the basic materials company’s stock after selling 4,200 shares during the quarter. Blue Edge Capital LLC’s holdings in Nucor were worth $312,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NUE. California State Teachers Retirement System grew its position in Nucor by 23,029.6% in the 2nd quarter. California State Teachers Retirement System now owns 61,424,649 shares of the basic materials company’s stock worth $13,682,341,000 after purchasing an additional 61,159,082 shares during the last quarter. BlackRock Inc. acquired a new stake in Nucor in the 2nd quarter valued at approximately $4,452,563,000. Morgan Stanley raised its stake in Nucor by 1.1% during the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after acquiring an additional 41,728 shares in the last quarter. Norges Bank acquired a new position in Nucor during the 4th quarter worth $609,002,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Nucor by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock worth $429,298,000 after purchasing an additional 22,718 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

NUE has been the subject of several research analyst reports. UBS Group upped their price objective on shares of Nucor from $224.00 to $256.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. CICC Research started coverage on shares of Nucor in a report on Monday, May 25th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on Nucor from $294.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group lifted their price target on Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen raised Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.38.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan raised its price target. JPMorgan Chase increased its target for Nucor from $294 to $308 and upgraded the stock to “overweight,” implying substantial potential upside from the recent trading level. JPMorgan raises Nucor price target
• Neutral Sentiment: Nucor remains one of the steel stocks favored to navigate industry challenges. Zacks noted sluggish Chinese activity and muted demand in some end markets, but identified Nucor, ArcelorMittal, Steel Dynamics and F.W. Industries as companies positioned to manage the difficult environment. Steel producer stocks to watch
• Negative Sentiment: Zacks Research reduced its 2027 earnings forecasts. Estimates were lowered for every quarter and for full-year 2027: annual EPS was cut to $18.83 from $19.15, while quarterly reductions included Q1 EPS to $4.95, Q2 to $5.16, Q3 to $5.23 and Q4 to $3.50. Zacks maintained a “hold” rating, signaling limited conviction despite the long-term earnings outlook.
• Negative Sentiment: Recent trading performance had been relatively weak. Nucor previously closed at $256.40 after a 1.79% decline and underperformed some steel-sector peers, reflecting investor sensitivity to market-wide pressure and concerns about demand conditions. Nucor declines more than market

Insider Buying and Selling

In other news, COO Stephen D. Laxton sold 3,968 shares of the company’s stock in a transaction on 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 of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction 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 sale, the executive vice president owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.62% of the company’s stock.

Nucor Trading Up 0.6%

Nucor stock opened at $257.99 on Thursday. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $280.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. The firm has a market capitalization of $58.53 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 0.95 and a beta of 1.87. The company has a 50 day moving average price of $250.27 and a 200 day moving average price of $223.20.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. Nucor’s revenue for the quarter was up 23.0% compared to the same quarter last year. Research analysts forecast that Nucor Corporation will post 17.95 EPS for the current year.

Nucor Company Profile

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.