Diamond Hill Capital Management LLC Investment Advisor Invests $69.62 Million in Nucor Corporation $NUE

Posted by Brenda Bartman on Aug 17th, 2026

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Nucor Corporation (NYSE:NUE – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 312,565 shares of the basic materials company’s stock, valued at approximately $69,624,000.

Several other large investors have also recently bought and sold shares of NUE. Norges Bank acquired a new stake in Nucor in the 4th quarter worth $609,002,000. Bank of New York Mellon Corp bought a new position in shares of Nucor during the 2nd quarter worth about $330,902,000. AQR Capital Management LLC raised its position in shares of Nucor by 580.9% during the second quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock valued at $84,699,000 after buying an additional 557,819 shares during the last quarter. M&T Bank Corp raised its position in shares of Nucor by 494.5% during the fourth quarter. M&T Bank Corp now owns 434,511 shares of the basic materials company’s stock valued at $70,873,000 after buying an additional 361,417 shares during the last quarter. Finally, Encompass Capital Advisors LLC bought a new stake in shares of Nucor in the fourth quarter valued at about $51,135,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NUE. The Goldman Sachs Group lifted their target price on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. raised 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. BMO Capital Markets raised their price objective on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Argus lifted their price objective on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Barclays boosted their price objective on Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and an average target price of $273.31.

View Our Latest Stock Report on Nucor

Insiders Place Their Bets

In other news, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the sale, the chief operating officer owned 77,867 shares in the company, valued at approximately $20,008,704.32. The trade was a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas J. Batterbee sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the completion of the sale, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. The trade was a 19.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,528 shares of company stock worth $4,793,035 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

Nucor Stock Down 0.3%

NYSE NUE opened at $268.11 on Monday. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. The company has a market capitalization of $60.83 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 0.60 and a beta of 1.89. The stock’s 50 day moving average is $247.15 and its two-hundred day moving average is $214.33. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE – Get Free Report) last issued its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The business had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.Nucor’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.60 EPS. Equities analysts forecast that Nucor Corporation will post 17.95 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, June 30th. Nucor’s dividend payout ratio is 17.86%.

About Nucor

(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.