Nucor Corporation $NUE Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lessened its stake in Nucor Corporation (NYSE:NUE) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,410 shares of the basic materials company’s stock after selling 4,300 shares during the quarter. State of Michigan Retirement System’s holdings in Nucor were worth $10,669,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NUE. AQR Capital Management LLC raised its stake in shares of Nucor by 580.9% in the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock valued at $84,699,000 after purchasing an additional 557,819 shares in the last quarter. Capital World Investors raised its stake in shares of Nucor by 20.1% in the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock valued at $412,081,000 after purchasing an additional 509,019 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Nucor by 169.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 779,940 shares of the basic materials company’s stock valued at $127,216,000 after purchasing an additional 489,950 shares in the last quarter. M&T Bank Corp raised its stake in shares of Nucor by 494.5% in the 4th quarter. M&T Bank Corp now owns 434,511 shares of the basic materials company’s stock valued at $70,873,000 after purchasing an additional 361,417 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in shares of Nucor by 146.9% in the 3rd quarter. Holocene Advisors LP now owns 548,911 shares of the basic materials company’s stock valued at $74,339,000 after purchasing an additional 326,572 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Q1 results beat expectations — Nucor reported net sales of $9.50B and diluted EPS of $3.23 (big YoY rebound), with EBITDA and segment gains led by steel mills. This is the primary catalyst for the stock’s move higher. Nucor Reports Results for the First Quarter of 2026
• Positive Sentiment: Management commentary highlighted strong steel demand, higher realized prices and supportive U.S. trade policy (reduced import pressure) — described as one of the most favorable import environments in decades, which boosts near‑term margin visibility. Nucor (NUE) Is Up 6.3% After Earnings Rebound On Strong Steel Demand And Trade Tailwinds
• Positive Sentiment: Analysts reacted by raising forecasts and targets (examples: Jefferies lifted its PT to $250; BMO raised to $235), increasing upside expectations and supporting buy ratings. Jefferies Adjusts Price Target on Nucor to $250
• Neutral Sentiment: Investors are parsing the earnings call and slide deck for guidance and segment details — the transcript/slides are available for deeper read on volumes, mix and capex assumptions that will drive FY outlook. Nucor Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Pre‑earnings momentum and technical buying (stock ran to fresh highs) amplified moves into the print; watch for profit‑taking or follow‑through on volume. Nucor climbs as investors position for earnings
• Negative Sentiment: Significant insider selling activity has been reported recently (multiple executive sales), which some investors view as a mild cautionary signal on insider conviction. Nucor climbs as investors position for earnings (insider trading)
• Negative Sentiment: Macro risks remain — Fed/FOMC moves and broader industrial demand trends could reverse pricing or order momentum; investors should watch economic indicators and policy updates. Investors Keenly Awaiting FOMC Direction

Insider Buying and Selling at Nucor

In other Nucor news, EVP Daniel R. Needham sold 3,881 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $178.00, for a total value of $690,818.00. Following the sale, the executive vice president owned 88,298 shares in the company, valued at approximately $15,717,044. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Rex Query sold 7,452 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total transaction of $1,460,741.04. Following the completion of the sale, the executive vice president owned 76,628 shares in the company, valued at $15,020,620.56. The trade was a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,401 shares of company stock worth $4,936,152. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NUE shares. The Goldman Sachs Group began coverage on shares of Nucor in a research note on Wednesday, April 1st. They issued a “buy” rating and a $210.00 target price on the stock. Wall Street Zen lowered shares of Nucor from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Wells Fargo & Company increased their price objective on shares of Nucor from $197.00 to $213.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Morgan Stanley reiterated an “equal weight” rating and set a $180.00 price objective (up from $165.00) on shares of Nucor in a research note on Friday, January 9th. Finally, BNP Paribas Exane increased their price objective on shares of Nucor from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $207.90.

Nucor Price Performance

NUE opened at $225.27 on Wednesday. The firm has a market cap of $51.28 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.73. Nucor Corporation has a fifty-two week low of $106.21 and a fifty-two week high of $227.48. The company’s 50-day moving average price is $179.25 and its 200 day moving average price is $168.01. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.89 billion. Nucor had a net margin of 6.82% and a return on equity of 10.77%. Nucor’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. As a group, sell-side analysts expect that Nucor Corporation will post 12.18 earnings per share for the current year.

Nucor announced that its Board of Directors has approved a stock repurchase plan on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st will be paid a $0.56 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. Nucor’s dividend payout ratio (DPR) is presently 29.71%.

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.