Kovitz Investment Group Partners LLC Trims Stock Position in Nucor Corporation $NUE

Posted by Brenda Bartman on Jun 19th, 2026

Kovitz Investment Group Partners LLC decreased its stake in Nucor Corporation (NYSE:NUE – Free Report) by 13.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,111 shares of the basic materials company’s stock after selling 11,998 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Nucor were worth $12,415,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NUE. Norges Bank purchased a new stake in Nucor in the fourth quarter valued at $609,002,000. AQR Capital Management LLC boosted its stake in Nucor by 580.9% in 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 acquiring an additional 557,819 shares in the last quarter. Capital World Investors increased its position in shares of Nucor by 20.1% during the third quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock worth $412,081,000 after purchasing an additional 509,019 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Nucor by 169.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 779,940 shares of the basic materials company’s stock worth $127,216,000 after purchasing an additional 489,950 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Nucor by 27.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,780,423 shares of the basic materials company’s stock valued at $290,405,000 after purchasing an additional 383,952 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Noah C. Hanners sold 6,472 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.50, for a total value of $1,465,908.00. Following the transaction, the executive vice president directly owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. This trade represents a 11.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction 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 completion of the transaction, the executive vice president owned 97,865 shares in the company, valued at $25,294,187.90. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,378 shares of company stock worth $18,963,930 over the last 90 days. Company insiders own 0.62% of the company’s stock.

Key Nucor News

Here are the key news stories impacting Nucor this week:

Positive Sentiment: Nucor raised its second-quarter 2026 EPS outlook to $4.50-$4.60 adjusted, above the $4.30 consensus, signaling stronger-than-expected profitability. Nucor Announces Guidance for the Second Quarter of 2026 Earnings
Positive Sentiment: Industry commentary highlighted Nucor as a beneficiary of higher steel prices, stronger construction demand, and recovering auto demand, all of which could support margins and sales. Zacks Industry Outlook Highlights Nucor, Ternium, Gerdau and L.B. Foster
Positive Sentiment: Another industry update said steel producer stocks, including NUE, could benefit from the rebound in steel prices and firm end-market demand. 4 Steel Producer Stocks in Focus as Industry Gains on Higher Prices
Neutral Sentiment: Market recap articles noted that Nucor’s stock has recently declined despite a stronger market, but these pieces did not point to a company-specific setback beyond the day’s trading weakness. Nucor (NUE) Stock Declines While Market Improves: Some Information for Investors

Nucor Trading Down 3.3%

NYSE NUE opened at $244.26 on Friday. The company has a market cap of $55.63 billion, a P/E ratio of 24.18, a P/E/G ratio of 0.65 and a beta of 1.88. Nucor Corporation has a 12 month low of $122.82 and a 12 month high of $270.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. The company has a 50-day moving average of $229.16 and a 200-day moving average of $191.61.

Nucor (NYSE:NUE – Get Free Report) last released its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period last year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. As a group, equities analysts predict that Nucor Corporation will post 15.71 earnings per share for the current year.

Nucor announced that its board has initiated a share buyback program on Friday, February 20th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the basic materials company to buy up to 9.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is 22.18%.

Wall Street Analyst Weigh In

NUE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Bank of America increased their price objective on shares of Nucor from $265.00 to $290.00 in a research note on Friday, June 12th. Citigroup boosted their price target on Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Jefferies Financial Group boosted their price objective on shares of Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $263.75.

Get Our Latest Report on NUE

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.