Empowered Funds LLC Purchases Shares of 75,544 Nucor Corporation $NUE

Posted by Stanley Muller on Aug 29th, 2026

Empowered Funds LLC purchased a new stake in shares of Nucor Corporation (NYSE:NUE – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 75,544 shares of the basic materials company’s stock, valued at approximately $16,827,000.

A number of other large investors also recently modified their holdings of NUE. BlackRock Inc. acquired a new position in shares of Nucor in the 2nd quarter valued at about $4,452,563,000. Norges Bank acquired a new stake in Nucor during the 4th quarter worth approximately $609,002,000. Bank of America Corp DE purchased a new position in Nucor in the second quarter valued at approximately $462,886,000. Berkshire Hathaway Inc purchased a new position in Nucor in the second quarter valued at approximately $413,814,000. Finally, Bank of New York Mellon Corp acquired a new position in Nucor during the second quarter valued at approximately $330,902,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Nucor Price Performance

NUE opened at $250.84 on Friday. The company has a 50-day moving average of $246.64 and a 200-day moving average of $218.97. The company has a market capitalization of $56.91 billion, a P/E ratio of 20.00, a PEG ratio of 0.94 and a beta of 1.89. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. 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 (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, beating the consensus estimate of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. Equities analysts expect that Nucor Corporation will post 17.95 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.56 per share. 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 presently 17.86%.

Insider Transactions at Nucor

In related news, COO Stephen D. Laxton sold 3,968 shares of Nucor 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 directly owned 77,867 shares of the company’s stock, valued at $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the completion of the transaction, the executive vice president directly owned 16,138 shares in the company, valued at $4,212,340.76. This represents a 19.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 18,528 shares of company stock worth $4,793,035. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NUE shares. Zacks Research cut shares of Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Citigroup reissued a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. Wells Fargo & Company reduced their price objective on Nucor from $297.00 to $285.00 and set an “overweight” rating on the stock in a research note on Monday, August 24th. BNP Paribas Exane upped their target price on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their target price on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $272.38.

View Our Latest Research Report on NUE

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.