OP Asset Management Ltd Buys New Holdings in Nucor Corporation $NUE

OP Asset Management Ltd purchased a new position in Nucor Corporation (NYSE:NUE) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 23,705 shares of the basic materials company’s stock, valued at approximately $4,009,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NUE. Northwestern Mutual Wealth Management Co. lifted its stake in Nucor by 745.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 83,463 shares of the basic materials company’s stock worth $13,614,000 after purchasing an additional 73,588 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Nucor by 11.1% during the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock valued at $342,642,000 after purchasing an additional 210,577 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Nucor during the fourth quarter valued at about $1,989,000. Oak Harvest Investment Services bought a new stake in shares of Nucor in the fourth quarter worth about $6,329,000. Finally, SG Americas Securities LLC lifted its position in shares of Nucor by 123.5% in the fourth quarter. SG Americas Securities LLC now owns 85,474 shares of the basic materials company’s stock worth $13,942,000 after buying an additional 47,235 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Trading Down 3.8%

NUE opened at $239.50 on Friday. The stock has a 50-day moving average of $235.86 and a 200 day moving average of $194.80. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 12 month low of $128.46 and a 12 month high of $270.90. The firm has a market cap of $54.54 billion, a P/E ratio of 23.71, a P/E/G ratio of 0.59 and a beta of 1.88.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. The business had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. As a group, research analysts forecast that Nucor Corporation will post 17 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 issued 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 is presently 22.18%.

Insider Buying and Selling

In other news, EVP Bradley Ford sold 2,240 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total value of $519,971.20. Following the sale, the executive vice president owned 43,649 shares of the company’s stock, valued at approximately $10,132,242.37. This represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Allen C. Behr sold 10,096 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the sale, the executive vice president directly owned 62,871 shares in the company, valued at approximately $14,213,875.68. This represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,378 shares of company stock valued at $18,963,930 over the last 90 days. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NUE. The Goldman Sachs Group increased their price target on Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Seaport Research Partners lifted their price objective on Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Argus upped their price objective on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group increased their target price on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, BNP Paribas Exane boosted their price target on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor has a consensus rating of “Moderate Buy” and a consensus price target of $266.92.

Key Nucor News

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.

Nucor 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.