Engineers Gate Manager LP Acquires 39,469 Shares of Nucor Corporation $NUE

Engineers Gate Manager LP raised its holdings in shares of Nucor Corporation (NYSE:NUE) by 544.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,719 shares of the basic materials company’s stock after buying an additional 39,469 shares during the period. Engineers Gate Manager LP’s holdings in Nucor were worth $10,407,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings in Nucor by 4.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,258 shares of the basic materials company’s stock worth $1,617,000 after purchasing an additional 329 shares during the period. NewEdge Advisors LLC lifted its position in shares of Nucor by 4.3% during the 2nd quarter. NewEdge Advisors LLC now owns 27,427 shares of the basic materials company’s stock valued at $6,109,000 after buying an additional 1,135 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Nucor by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 63,673 shares of the basic materials company’s stock valued at $14,183,000 after acquiring an additional 1,476 shares during the period. West Family Investments Inc. purchased a new stake in Nucor in the 2nd quarter worth approximately $210,000. Finally, Empirical Finance LLC increased its holdings in Nucor by 3.0% in the 2nd quarter. Empirical Finance LLC now owns 8,887 shares of the basic materials company’s stock worth $1,980,000 after acquiring an additional 256 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Trading Down 1.0%

Nucor stock opened at $255.21 on Friday. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $280.11. The firm’s 50 day moving average price is $250.96 and its 200-day moving average price is $223.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The stock has a market cap of $57.90 billion, a P/E ratio of 20.35, a PEG ratio of 0.96 and a beta of 1.87.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on NUE shares. Citigroup reaffirmed a “buy” rating on shares of Nucor in a report on Wednesday, July 29th. CICC Research assumed coverage on shares of Nucor in a research report on Monday, May 25th. They set an “outperform” rating on the stock. Argus lifted their target price on shares of Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Morgan Stanley set a $270.00 target price on shares of Nucor in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $274.38.

Insider Activity

In related news, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at approximately $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. 0.62% of the stock is owned by corporate insiders.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan raised its price target on Nucor from $294 to $308 and maintained an “overweight” rating, implying significant potential upside from the referenced trading level. JPMorgan raises Nucor price target
• Positive Sentiment: Nucor has outperformed major steel peers over the past year, and Wall Street analysts continue to see additional upside, supporting investor confidence in the company’s execution and market position. How Is Nucor’s Stock Performance Compared to Other Steel Stocks
• Positive Sentiment: Zacks lifted its FY2028 EPS estimate to $20.40 from $20.11 and its Q2 2028 estimate to $5.55 from $5.32, indicating better longer-term earnings expectations.
• Neutral Sentiment: Nucor is among the steel producers viewed as capable of navigating weak demand while benefiting from higher steel prices. However, sluggish Chinese demand and softness in some end markets remain industrywide risks. Zacks Industry Outlook Highlights Steel Producers
• Negative Sentiment: Zacks trimmed several near- to intermediate-term earnings estimates: Q3 2026 EPS to $5.90 from $5.95, Q4 2026 to $4.81 from $4.86, and FY2027 to $18.83 from $19.15. The firm also retained a “Hold” rating.

About Nucor

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.