Man Group plc Takes $70.13 Million Position in Nucor Corporation $NUE

Posted by Geri Gentry on Aug 26th, 2026

Man Group plc bought a new stake in Nucor Corporation (NYSE:NUE – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 314,834 shares of the basic materials company’s stock, valued at approximately $70,129,000. Man Group plc owned 0.14% of Nucor at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Nucor by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock worth $4,633,554,000 after acquiring an additional 144,038 shares during the period. BlackRock Inc. acquired a new stake in shares of Nucor during the 2nd quarter valued at about $4,452,563,000. Morgan Stanley grew its position in shares of Nucor by 1.1% during the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after acquiring an additional 41,728 shares during the period. Norges Bank purchased a new position in shares of Nucor in the 4th quarter valued at about $609,002,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Nucor by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after purchasing an additional 22,718 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nucor news, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction 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 $4,212,340.76. The trade was a 19.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,528 shares of company stock valued at $4,793,035 in the last 90 days. 0.62% of the stock is owned by insiders.

Nucor Price Performance

NYSE:NUE opened at $247.78 on Wednesday. The stock has a 50 day moving average of $246.35 and a two-hundred day moving average of $217.86. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11. The firm has a market cap of $56.22 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 0.91 and a beta of 1.89. 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 released its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.38. The business 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 business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 earnings per share. On average, analysts expect that Nucor Corporation will post 17.95 earnings per share for the current fiscal year.

Nucor Dividend Announcement

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

Wall Street Analysts Forecast Growth

NUE has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Nucor from $297.00 to $285.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. BMO Capital Markets upped their target price on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Argus increased their target price on Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Bank of America dropped their price target on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Nucor has a consensus rating of “Moderate Buy” and an average price target of $272.38.

View Our Latest Analysis on Nucor

Nucor News Summary

Here are the key news stories impacting Nucor this week:

Positive Sentiment: Wolfe Research maintained its Buy rating on Nucor, reinforcing the bullish analyst view of the steelmaker. Wolfe Research Sticks to Its Buy Rating for Nucor
Positive Sentiment: Nucor was highlighted as a beneficiary of a broad metals-sector rally. Investors are also emphasizing its electric-arc-furnace operations, which are primarily U.S.-based and less exposed to tariff-burdened imports, as well as infrastructure-driven steel demand and its 52-year record of dividend increases. Nucor On The Radar As A Broad Metals Rally Lifts The Sector
Positive Sentiment: The breakdown in U.S.-Canada trade discussions put steel tariffs back in focus, prompting gains across U.S. steel producers, including Nucor. The market is interpreting higher trade barriers as potential support for domestic steel prices, demand, and margins. Steel Stocks Jump as U.S.-Canada Tariff Fight Escalates
Neutral Sentiment: Wells Fargo lowered its Nucor price target from $297 to $285 but retained an Overweight rating. The reduced target tempers the bullish outlook, while still indicating expected upside from the referenced share price.
Neutral Sentiment: Recent coverage characterized Nucor’s rebound as a recovery from tariff-related volatility. While protectionist policy may improve its competitive position, changing trade policy and retaliation risks could produce sharp price swings. Nucor Shares Rebound After Tariff-Driven Volatility

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.