Banque Cantonale Vaudoise grew its holdings in shares of Nucor Corporation (NYSE:NUE – Free Report) by 75.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,839 shares of the basic materials company’s stock after purchasing an additional 4,244 shares during the period. Banque Cantonale Vaudoise’s holdings in Nucor were worth $1,663,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in shares of Nucor by 255.8% during the first quarter. Assenagon Asset Management S.A. now owns 29,074 shares of the basic materials company’s stock worth $4,916,000 after acquiring an additional 20,902 shares during the last quarter. Cidel Asset Management Inc. raised its holdings in Nucor by 16.3% during the 1st quarter. Cidel Asset Management Inc. now owns 5,524 shares of the basic materials company’s stock worth $934,000 after purchasing an additional 774 shares during the last quarter. Richards Merrill & Peterson Inc. raised its holdings in Nucor by 1.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 6,172 shares of the basic materials company’s stock worth $1,044,000 after purchasing an additional 96 shares during the last quarter. Discipline Wealth Solutions LLC acquired a new position in shares of Nucor in the 1st quarter worth approximately $294,000. Finally, Cornell Pochily Investment Advisors Inc. bought a new stake in shares of Nucor in the 1st quarter valued at $307,000. Institutional investors and hedge funds own 76.48% of the company’s stock.
Nucor Trading Down 3.8%
NYSE:NUE opened at $239.50 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. The firm has a 50-day moving average of $235.86 and a 200-day moving average of $194.80. The company has a market cap of $54.54 billion, a PE ratio of 23.71, a PEG ratio of 0.59 and a beta of 1.88. Nucor Corporation has a one year low of $128.46 and a one year high of $270.90.
Nucor Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s dividend payout ratio is 22.18%.
Nucor News Summary
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.
Insider Buying and Selling
In related news, EVP Daniel R. Needham sold 12,888 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.00, for a total value of $2,912,688.00. Following the completion of the sale, the executive vice president directly owned 89,724 shares of the company’s stock, valued at approximately $20,277,624. This represents a 12.56% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 on Thursday, April 30th. The shares were sold at an average price of $225.67, for a total value of $7,462,455.56. Following the transaction, the executive vice president owned 243,339 shares in the company, valued at approximately $54,914,312.13. This trade represents a 11.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. UBS Group cut shares of Nucor from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $190.00 to $224.00 in a research report on Tuesday, April 28th. Barclays started coverage on shares of Nucor in a research report on Thursday, May 21st. They set an “overweight” rating and a $270.00 price target on the stock. KeyCorp upgraded Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price target for the company in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Finally, CICC Research started coverage on Nucor in a research note on Monday, May 25th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average price target of $266.92.
View Our Latest Research Report on NUE
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.
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