Bornite Capital Management LP Acquires New Stake in Nucor Corporation $NUE

Posted by Francis Steltz on Jun 14th, 2026

Bornite Capital Management LP acquired a new stake in Nucor Corporation (NYSE:NUE – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300,000 shares of the basic materials company’s stock, valued at approximately $48,933,000. Nucor accounts for 4.8% of Bornite Capital Management LP’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Nucor by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock valued at $4,633,554,000 after purchasing an additional 144,038 shares during the period. Morgan Stanley increased its holdings in Nucor by 1.1% in the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after purchasing an additional 41,728 shares during the period. Norges Bank acquired a new stake in Nucor in the fourth quarter valued at $609,002,000. Capital World Investors grew its holdings in Nucor by 20.1% during the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock worth $412,081,000 after acquiring an additional 509,019 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Nucor by 11.1% in the 4th quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock worth $342,642,000 after acquiring an additional 210,577 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Noah C. Hanners sold 6,472 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $226.50, for a total value of $1,465,908.00. Following the transaction, the executive vice president owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. This trade represents a 11.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David A. Sumoski sold 33,068 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $225.67, for a total transaction of $7,462,455.56. Following the completion of the transaction, the executive vice president directly owned 243,339 shares in the company, valued at approximately $54,914,312.13. The trade was a 11.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,378 shares of company stock worth $18,963,930 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

Positive Sentiment: JPMorgan raised its price target on Nucor to $282 from $240 and reiterated an Overweight rating, citing expectations for strong second-quarter results. JPMorgan Raises Nucor (NUE) Forecast Ahead of Expected Strong Q2 Results
Positive Sentiment: BofA also boosted its price target on Nucor to $290 from $265, reinforcing a constructive view on the company’s earnings and valuation outlook. BofA adjusts price target on Nucor to $290 from $265
Positive Sentiment: Recent coverage notes that Nucor has delivered a very strong one-year share performance, keeping investor attention on whether the rally can continue. Nucor (NUE) Stock After 124% One-Year Surge Is There Still Value Here
Neutral Sentiment: An article asking whether Nucor is still a good stock to buy now reflects continued investor debate about valuation after the stock’s sharp run-up. Is Nucor Corporation (NUE) A Good Stock To Buy Now?

Nucor Price Performance

Shares of NYSE NUE opened at $266.06 on Friday. Nucor Corporation has a fifty-two week low of $117.21 and a fifty-two week high of $268.80. The stock has a market cap of $60.59 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 0.68 and a beta of 1.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The firm’s 50-day simple moving average is $222.60 and its 200 day simple moving average is $188.67.

Nucor (NYSE:NUE – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, research analysts anticipate that Nucor Corporation will post 15.71 earnings per share for the current fiscal year.

Nucor declared that its board has approved a stock buyback program on Friday, February 20th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Nucor Dividend Announcement

The firm 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 $0.56 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 0.8%. Nucor’s dividend payout ratio (DPR) is presently 22.18%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NUE shares. Zacks Research raised Nucor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. BNP Paribas Exane lifted their target price on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Citigroup increased their price target on Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Argus raised their price objective on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Bank of America lifted their price objective on shares of Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $261.54.

Check Out Our Latest Analysis on Nucor

Nucor Profile

(Free Report)

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.