Blue Edge Capital LLC Sells 4,200 Shares of Nucor Corporation $NUE

Blue Edge Capital LLC lowered its stake in Nucor Corporation (NYSE:NUE) by 75.0% in the second quarter, Holdings Channel.com reports. The institutional investor 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.

A number of other hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Nucor by 745.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 83,463 shares of the basic materials company’s stock worth $13,614,000 after buying an additional 73,588 shares during the last quarter. California Public Employees Retirement System lifted its position in Nucor by 19.3% during the 1st quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock worth $86,297,000 after acquiring an additional 82,668 shares during the last quarter. Pacific Heights Asset Management LLC boosted its holdings in Nucor by 12.9% during the fourth quarter. Pacific Heights Asset Management LLC now owns 175,000 shares of the basic materials company’s stock valued at $28,544,000 after acquiring an additional 20,000 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Nucor in the fourth quarter worth about $23,804,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Nucor by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock worth $306,054,000 after purchasing an additional 29,476 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

More Nucor News

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

Analyst Ratings Changes

A number of research firms have issued reports on NUE. UBS Group raised their target price on Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. The Goldman Sachs Group upped their target price on shares of Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Morgan Stanley set a $270.00 price target on shares of Nucor in a report on Wednesday, July 29th. Wells Fargo & Company cut their price objective on shares of Nucor from $297.00 to $285.00 and set an “overweight” rating for the company in a research report on Monday, August 24th. Finally, CICC Research began coverage on Nucor in a report on Monday, May 25th. They issued an “outperform” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $274.38.

Insider Transactions at Nucor

In other Nucor news, COO Stephen Laxton sold 3,968 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the sale, the chief operating officer owned 77,867 shares of the company’s stock, valued at $20,008,704.32. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the transaction, the executive vice president owned 16,138 shares in the company, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.62% of the company’s stock.

Nucor Price Performance

Shares of NUE stock opened at $257.99 on Thursday. The stock’s fifty day simple moving average is $250.27 and its 200 day simple moving average is $223.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor Corporation has a one year low of $131.32 and a one year high of $280.11. The firm has a market cap 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.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the firm posted $2.60 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts expect that Nucor Corporation will post 17.95 earnings per share for the current fiscal year.

Nucor 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.