Saudi Central Bank Has $3.46 Million Holdings in Nucor Corporation $NUE

Posted by Francis Steltz on Sep 7th, 2026

Saudi Central Bank increased its holdings in Nucor Corporation (NYSE:NUE – Free Report) by 84.0% in the second quarter, HoldingsChannel reports. The firm owned 15,546 shares of the basic materials company’s stock after purchasing an additional 7,099 shares during the period. Saudi Central Bank’s holdings in Nucor were worth $3,463,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Transamerica Financial Advisors LLC acquired a new stake in shares of Nucor in the second quarter worth about $25,000. Stance Capital LLC bought a new position in shares of Nucor in the 3rd quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in Nucor in the 2nd quarter worth approximately $27,000. Strive Financial Group LLC bought a new stake in Nucor during the fourth quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc acquired a new position in Nucor during the second quarter valued at approximately $28,000. 76.48% of the stock is currently owned by institutional investors.

Nucor Price Performance

NYSE:NUE opened at $260.98 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor Corporation has a one year low of $131.32 and a one year high of $280.11. The company has a fifty day moving average price of $248.16 and a 200 day moving average price of $221.60. The stock has a market cap of $59.21 billion, a P/E ratio of 20.81, a PEG ratio of 0.97 and a beta of 1.87.

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

Nucor Dividend Announcement

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

Insider Activity at Nucor

In related news, EVP Thomas J. Batterbee sold 4,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stephen D. Laxton sold 3,968 shares of Nucor stock in a transaction on 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 sale, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. This represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

NUE has been the subject of a number of analyst reports. Seaport Research Partners boosted their price objective on shares of Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Morgan Stanley set a $270.00 price target on Nucor in a research report on Wednesday, July 29th. The Goldman Sachs Group lifted their price objective on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, KeyCorp raised Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective for the company in a research report on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and an average target price of $272.38.

Check Out Our Latest Analysis on Nucor

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.