Encompass Capital Advisors LLC Lowers Stake in Nucor Corporation $NUE

Encompass Capital Advisors LLC reduced its stake in shares of Nucor Corporation (NYSE:NUE) by 44.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 175,000 shares of the basic materials company’s stock after selling 138,502 shares during the period. Encompass Capital Advisors LLC’s holdings in Nucor were worth $29,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NUE. The Manufacturers Life Insurance Company increased its stake in Nucor by 4.7% in the first quarter. The Manufacturers Life Insurance Company now owns 323,807 shares of the basic materials company’s stock valued at $54,756,000 after acquiring an additional 14,392 shares during the last quarter. KCM Investment Advisors LLC raised its position in Nucor by 3.6% during the first quarter. KCM Investment Advisors LLC now owns 10,731 shares of the basic materials company’s stock valued at $1,815,000 after purchasing an additional 369 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Nucor by 32.8% during the first quarter. Quantinno Capital Management LP now owns 118,548 shares of the basic materials company’s stock worth $20,047,000 after purchasing an additional 29,249 shares during the last quarter. SummitTX Capital L.P. lifted its stake in Nucor by 69.4% during the first quarter. SummitTX Capital L.P. now owns 22,919 shares of the basic materials company’s stock worth $3,876,000 after purchasing an additional 9,386 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Nucor by 6.9% in the 1st quarter. Lazard Asset Management LLC now owns 57,373 shares of the basic materials company’s stock worth $9,702,000 after purchasing an additional 3,705 shares in the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. UBS Group downgraded Nucor from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $190.00 to $224.00 in a research report on Tuesday, April 28th. Argus upped their target price on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research cut shares of Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company reduced their price target on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating on the stock in a research report on Thursday, June 18th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.31.

Nucor Stock Performance

NYSE NUE opened at $247.35 on Tuesday. The company has a 50-day simple moving average of $240.33 and a two-hundred day simple moving average of $204.98. Nucor Corporation has a 12-month low of $131.32 and a 12-month high of $270.90. The firm has a market cap of $56.33 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 0.57 and a beta of 1.91. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, topping the consensus estimate of $4.46 by $0.38. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm 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 business earned $2.60 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities analysts forecast that Nucor Corporation will post 17.53 EPS for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is presently 22.18%.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Nucor posted adjusted earnings of $4.84 per diluted share, above the $4.46 analyst consensus, while net sales of $10.40 billion surpassed estimates of $10.15 billion. Headline earnings were $5.04 per share, including a $0.20-per-share non-cash benefit. Nucor Reports Results for the Second Quarter of 2026
• Positive Sentiment: Results improved sharply from both comparison periods. Net earnings rose to $1.16 billion from $743 million in the first quarter and $603 million a year earlier. Nucor attributed the sequential improvement primarily to higher average selling prices and increased volumes in its steel mills segment. Nucor Q2 earnings rise to $1.16 billion on $10.40 billion sales
• Positive Sentiment: Management expects further year-over-year improvement. Nucor forecast higher consolidated reported earnings in the third quarter, providing investors with a favorable near-term outlook. The company also returned approximately $479 million to shareholders through dividends and share repurchases and repurchased 1.53 million shares during the quarter. Nucor Reports Results for the Second Quarter of 2026
• Neutral Sentiment: Nucor ended the quarter with $2.69 billion in cash, cash equivalents and short-term investments, supporting financial flexibility and continued shareholder returns. EBITDA was $2.02 billion.
• Negative Sentiment: The earnings beat may have been largely anticipated. Nucor shares have traded near their 52-week high and above their 50-day and 200-day moving averages, while the stock carries a P/E ratio of about 24.5. That elevated valuation may limit additional upside unless steel prices, volumes, and third-quarter results continue to outperform expectations.

Insiders Place Their Bets

In other news, EVP Noah C. Hanners sold 6,472 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the completion of the sale, the executive vice president owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel R. Needham sold 12,888 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the completion of the transaction, the executive vice president owned 89,724 shares in the company, valued at $20,277,624. This represents a 12.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 82,378 shares of company stock worth $18,963,930. 0.62% of the stock is currently owned by corporate insiders.

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.