Royal London Asset Management Ltd. Trims Stake in Nucor Corporation $NUE

Posted by Stanley Muller on Aug 31st, 2026

Royal London Asset Management Ltd. lowered its position in Nucor Corporation (NYSE:NUE – Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,647 shares of the basic materials company’s stock after selling 2,445 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Nucor were worth $21,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Nucor during the second quarter valued at $4,452,563,000. Morgan Stanley increased its stake in Nucor by 1.1% in the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock worth $628,497,000 after acquiring an additional 41,728 shares during the last quarter. Norges Bank purchased a new stake in shares of Nucor in the 4th quarter valued at about $609,002,000. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 22,718 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Nucor during the 2nd quarter valued at about $462,886,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In other Nucor news, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the sale, the executive vice president directly owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This trade represents a 19.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,528 shares of company stock worth $4,793,035. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on NUE shares. JPMorgan Chase & Co. boosted their price objective on Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Barclays raised their target price on shares of Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group lifted their target price on shares of Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. UBS Group boosted their price target on shares of Nucor from $224.00 to $256.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Finally, Seaport Research Partners increased their price target on shares of Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.38.

Get Our Latest Analysis on NUE

Nucor Trading Up 0.1%

NUE stock opened at $250.84 on Monday. The company has a market capitalization of $56.91 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.93 and a beta of 1.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. Nucor Corporation has a one year low of $131.32 and a one year high of $280.11. The company’s 50 day moving average price is $246.64 and its two-hundred day moving average price is $219.15.

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

Nucor Dividend Announcement

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

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.