Nucor Corporation $NUE Stock: Machina Capital S.A.S. Decreases Position

Machina Capital S.A.S. decreased its stake in Nucor Corporation (NYSE:NUE) by 41.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,447 shares of the basic materials company’s stock after selling 8,992 shares during the period. Machina Capital S.A.S.’s holdings in Nucor were worth $2,909,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NUE. Silver Grove Financial Group Inc. raised its holdings in shares of Nucor by 2,190.5% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 2,405 shares of the basic materials company’s stock worth $562,000 after purchasing an additional 2,300 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Nucor by 18.7% in the third quarter. Illinois Municipal Retirement Fund now owns 30,441 shares of the basic materials company’s stock valued at $7,116,000 after purchasing an additional 4,793 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in Nucor by 8.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 8,118 shares of the basic materials company’s stock valued at $1,898,000 after purchasing an additional 600 shares during the last quarter. Csenge Advisory Group purchased a new position in Nucor in the third quarter valued at approximately $237,000. Finally, 71 West Capital Partners grew its holdings in Nucor by 2.8% during the third quarter. 71 West Capital Partners now owns 5,847 shares of the basic materials company’s stock valued at $1,367,000 after purchasing an additional 160 shares during the period. Institutional investors own 76.48% of the company’s stock.

Nucor News Roundup

Investors following NUE have been watching these news items:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $21.46 from $19.44 and increased its Q1 2027 estimate to $6.42 from $4.95. It also lifted forecasts for Q3 2027 and Q1 2028, indicating stronger expectations in several quarters. Nucor analyst estimate updates
• Positive Sentiment: A Zacks article describes Nucor as a long-term value stock, which may appeal to investors focused on valuation; the supplied article provides no specific valuation metrics. Why Nucor is a Top Value Stock for the Long-Term
• Negative Sentiment: Zacks Research lowered its Q4 2026 EPS estimate to $6.04 from $6.84 and reduced FY2028 to $20.80 from $21.21. It also cut estimates for Q3 2028, partially offsetting the upward revisions. Nucor analyst estimate updates

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. KeyCorp raised their target price on Nucor from $286.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. UBS Group boosted their target price on Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on Nucor from $296.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Cfra upgraded Nucor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $335.00 price objective on shares of Nucor in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.38.

Nucor Stock Performance

NYSE NUE opened at $261.37 on Thursday. The company’s 50 day moving average is $255.48 and its 200-day moving average is $226.77. Nucor Corporation has a 12-month low of $143.41 and a 12-month high of $287.70. The company has a quick ratio of 1.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The firm has a market cap of $59.30 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). The business had revenue of $11.25 billion for the quarter, compared to analysts’ expectations of $10.84 billion. Nucor had a net margin of 9.26% and a return on equity of 15.53%. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share. Sell-side analysts predict that Nucor Corporation will post 19.63 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s payout ratio is presently 14.26%.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Allen C. Behr sold 11,846 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $272.90, for a total transaction of $3,232,773.40. Following the sale, the executive vice president owned 58,022 shares in the company, valued at $15,834,203.80. This represents a 16.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Keller sold 1,136 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $279.33, for a total value of $317,318.88. Following the completion of the transaction, the insider directly owned 15,588 shares of the company’s stock, valued at $4,354,196.04. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,732 shares of company stock worth $7,881,287. 0.62% of the stock is owned by insiders.

Nucor Company Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries. The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking. Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.