Elevation Point Wealth Partners LLC Invests $814,000 in Nucor Corporation $NUE

Posted by Brian Himes on Aug 25th, 2026

Elevation Point Wealth Partners LLC bought a new stake in shares of Nucor Corporation (NYSE:NUE – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,645 shares of the basic materials company’s stock, valued at approximately $814,000.

Other hedge funds have also recently made changes to their positions in the company. Stance Capital LLC purchased a new position in shares of Nucor during the third quarter worth approximately $25,000. Strive Financial Group LLC purchased a new position in Nucor during the 4th quarter worth $27,000. Bell Investment Advisors Inc bought a new stake in Nucor during the 2nd quarter valued at $28,000. Motiv8 Investments LLC purchased a new stake in shares of Nucor in the 4th quarter worth $32,000. Finally, Bartlett & CO. Wealth Management LLC grew its position in shares of Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after buying an additional 63 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Seaport Research Partners lifted their price objective on Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Zacks Research downgraded shares of Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group boosted their price target on shares of Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Wells Fargo & Company dropped their price objective on shares of Nucor from $297.00 to $285.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Nucor in a report on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Nucor has an average rating of “Moderate Buy” and an average target price of $272.38.

Read Our Latest Stock Report on Nucor

Insider Activity at Nucor

In related news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction that occurred on 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 owned 97,865 shares in the company, valued at approximately $25,294,187.90. This represents a 9.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,528 shares of company stock worth $4,793,035 over the last quarter. Insiders own 0.62% of the company’s stock.

Nucor Stock Up 0.3%

NUE stock opened at $244.32 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $280.11. The stock has a market capitalization of $55.43 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The firm has a 50 day moving average of $246.58 and a 200 day moving average of $217.46.

Nucor (NYSE:NUE – Get Free Report) last released its 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. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.60 EPS. Sell-side analysts forecast that Nucor Corporation will post 17.95 earnings per share for the current year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. Nucor’s payout ratio is 17.86%.

Nucor Company 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.