OP Asset Management Ltd Makes New $4.01 Million Investment in Nucor Corporation $NUE

OP Asset Management Ltd purchased a new position in Nucor Corporation (NYSE:NUE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,705 shares of the basic materials company’s stock, valued at approximately $4,009,000.

Several other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Nucor in the fourth quarter worth approximately $609,002,000. AQR Capital Management LLC lifted its holdings in shares of Nucor by 580.9% during 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 buying an additional 557,819 shares during the period. Capital World Investors lifted its holdings in shares of Nucor by 20.1% during 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 buying an additional 509,019 shares during the period. Vaughan Nelson Investment Management L.P. boosted 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 worth $127,216,000 after buying an additional 489,950 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Nucor by 27.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,780,423 shares of the basic materials company’s stock worth $290,405,000 after buying an additional 383,952 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Stock Performance

NYSE:NUE opened at $239.50 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The stock has a 50-day simple moving average of $235.86 and a two-hundred day simple moving average of $194.80. The firm has a market capitalization of $54.54 billion, a PE ratio of 23.71, a P/E/G ratio of 0.59 and a beta of 1.88. Nucor Corporation has a 52-week low of $128.46 and a 52-week high of $270.90.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. During the same quarter last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. Analysts forecast that Nucor Corporation will post 17 EPS for the current year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. 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 dividend payout ratio (DPR) is presently 22.18%.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: KeyCorp set a bullish FY2026 EPS estimate of $16.50 and maintained an Overweight rating with a $274 price target, signaling continued confidence in Nucor’s earnings power and valuation upside.
• Positive Sentiment: Zacks Research raised multiple forward earnings estimates for Nucor, including FY2027 to $23.07 per share and FY2028 to $23.37 per share, while keeping a Strong-Buy rating, reinforcing a constructive long-term view.
• Positive Sentiment: KeyBanc reportedly upgraded Nucor on a favorable steel pricing outlook, which suggests improving industry fundamentals could support margins and profits.
• Neutral Sentiment: Zacks Research did cut its Q2 2026 EPS estimate to $4.77 from $5.47, indicating some near-term softness even as longer-dated forecasts improved.

Analysts Set New Price Targets

NUE has been the subject of a number of research reports. Wall Street Zen upgraded Nucor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Morgan Stanley raised their target price on Nucor from $227.00 to $258.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. Bank of America upped their price target on shares of Nucor from $265.00 to $290.00 in a research report on Friday, June 12th. KeyCorp upgraded shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective on the stock in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price objective on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating on the stock in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $266.92.

Insider Activity at Nucor

In other Nucor news, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the transaction, the executive vice president owned 97,865 shares of the company’s stock, valued at $25,294,187.90. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Keller sold 4,554 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Insiders have sold 82,378 shares of company stock worth $18,963,930 in the last 90 days. Insiders own 0.62% of the company’s stock.

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.