The Manufacturers Life Insurance Company Purchases 14,392 Shares of Nucor Corporation $NUE

Posted by George Bondi on Jul 30th, 2026

The Manufacturers Life Insurance Company lifted its position in shares of Nucor Corporation (NYSE:NUE – Free Report) by 4.7% during the 1st quarter, Holdings Channel reports. The firm owned 323,807 shares of the basic materials company’s stock after purchasing an additional 14,392 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Nucor were worth $54,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NUE. Strive Financial Group LLC bought a new position in Nucor during the fourth quarter worth about $27,000. Stance Capital LLC bought a new stake in Nucor in the third quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC lifted its position in shares of Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after buying an additional 63 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Nucor during the 4th quarter worth approximately $32,000. Finally, Motiv8 Investments LLC bought a new position in shares of Nucor during the 4th quarter worth approximately $32,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NUE. KeyCorp upgraded Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price target on the stock in a research note on Wednesday, June 24th. Barclays lifted their price objective on shares of Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group upped their price objective on shares of Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a report on Tuesday. Argus increased their price objective on shares of Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group raised their target price on shares of Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Nucor presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.31.

Read Our Latest Stock Analysis on Nucor

Insiders Place Their Bets

In related news, EVP John J. Hollatz sold 10,560 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total value of $2,729,337.60. Following the transaction, the executive vice president directly owned 97,865 shares in the company, valued at approximately $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Noah C. Hanners sold 6,472 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the transaction, the executive vice president directly owned 50,377 shares in the company, valued at approximately $11,410,390.50. This represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,310 shares of company stock valued at $11,501,475 in the last three months. Insiders own 0.62% of the company’s stock.

Nucor Stock Performance

NYSE:NUE opened at $256.04 on Thursday. The stock has a market cap of $58.31 billion, a P/E ratio of 20.42, a PEG ratio of 0.61 and a beta of 1.91. The stock has a 50 day simple moving average of $241.82 and a 200 day simple moving average of $206.31. The company has a current ratio of 2.51, a quick ratio of 1.55 and a debt-to-equity ratio of 0.27. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $270.90.

Nucor (NYSE:NUE – Get Free Report) last released 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 return on equity of 12.73% and a net margin of 7.99%.The business had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the company posted $2.60 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. Research analysts anticipate that Nucor Corporation will post 17.53 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s payout ratio is presently 17.86%.

More Nucor News

Here are the key news stories impacting Nucor this week:

Positive Sentiment: Nucor reported second-quarter earnings of $4.84 per share, ahead of the $4.46 consensus estimate, while revenue reached $10.40 billion versus expectations of $10.15 billion. Net earnings increased 92% year over year to approximately $1.2 billion, supported by higher steel prices and volumes. Nucor beats quarterly results on strong pricing, demand
Positive Sentiment: Management highlighted record steel mill shipments, resilient demand and expectations for stronger consolidated earnings in the third quarter and second half of 2026. Major growth projects could provide additional long-term capacity and earnings potential. NUE Q2 Earnings Call Highlights Growth Projects And Demand
Positive Sentiment: The company affirmed its regular cash dividend and returned roughly $479 million to shareholders through dividends and share repurchases, reinforcing the shareholder-return case. Nucor Could Be 4% Undervalued On Q2 Results And Dividend Affirmation
Neutral Sentiment: Zacks Research made only modest increases to its 2026 EPS forecast, to $18.32 from $18.30, while retaining a “Hold” rating. UBS raised its price target to $256 but also maintained a “Neutral” rating, suggesting limited near-term upside at current levels. UBS raises Nucor price target
Negative Sentiment: Nucor continues to face increased steel imports and startup costs associated with growth projects. After a substantial rally and trading near its 12-month high, the strong results may have been partly anticipated, creating room for profit-taking despite the positive outlook. Nucor Q2 Earnings Call Highlights: Record Shipments and Strong Financial Performance

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.