Strategy Asset Managers LLC Purchases 3,423 Shares of Nucor Corporation $NUE

Posted by Geri Gentry on Oct 15th, 2026

Strategy Asset Managers LLC acquired a new position in Nucor Corporation (NYSE:NUE – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,423 shares of the basic materials company’s stock, valued at approximately $800,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Nucor in the 2nd quarter valued at about $4,452,563,000. Bank of America Corp DE purchased a new stake in shares of Nucor in the second quarter worth approximately $462,886,000. Dimensional Fund Advisors LP lifted its position in shares of Nucor by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock worth $429,298,000 after purchasing an additional 22,718 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of Nucor during the second quarter worth approximately $413,814,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Nucor during the second quarter worth approximately $330,902,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on NUE shares. Zacks Research downgraded shares of Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Barclays increased their target price on shares of Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley set a $270.00 target price on shares of Nucor in a research note on Wednesday, July 29th. Bank of America decreased their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, BMO Capital Markets boosted their price target on shares of Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $276.07.

View Our Latest Stock Report on NUE

Nucor News Summary

Here are the key news stories impacting Nucor this week:

Positive Sentiment: Utility-infrastructure expansion: Nucor will invest $105 million to expand its Nucor Towers & Structures facility in Crawfordsville, Indiana. The project adds more than 120,000 square feet of automated manufacturing capacity and 100 jobs, positioning the company to benefit from rising U.S. electricity-transmission and distribution demand. Nucor Indiana expansion article
Positive Sentiment: Higher-value product mix: The investment could strengthen Nucor’s role in utility poles and related structural products, potentially diversifying revenue beyond conventional steel and improving its exposure to long-term grid-modernization spending. Nucor utility pole expansion article
Positive Sentiment: Upward earnings revisions: Zacks Research raised its Q4 2026 EPS estimate to $6.84 from $4.81 and its FY2027 estimate to $19.44 from $18.83. The firm maintained a Hold rating, but the revisions suggest improving earnings expectations.
Positive Sentiment: Strong investor momentum: NUE was included in Zacks’ Rank #1 (Strong Buy) momentum and value-stock lists for October 14, reinforcing the stock’s recent performance and valuation appeal. Zacks momentum stocks list
Neutral Sentiment: Upcoming results: Nucor invited investors to its third-quarter 2026 earnings conference call. The event could provide updated guidance on steel demand, margins and whether the Indiana expansion is translating into broader earnings growth. Nucor third-quarter earnings call announcement
Negative Sentiment: Mixed forecast signals: Zacks lowered several Q3 2026 and Q3 2027 EPS estimates, including Q3 2026 to $5.61 from $5.90, indicating near-term earnings uncertainty despite longer-term upward revisions.

Insider Activity at Nucor

In other news, COO Stephen Laxton sold 3,968 shares of the stock in a transaction on Thursday, July 30th. The shares were 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. This represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas Batterbee sold 4,000 shares of the firm’s 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 transaction, the executive vice president 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. Insiders own 0.62% of the company’s stock.

Nucor Stock Up 1.2%

Shares of Nucor stock opened at $256.97 on Thursday. The firm has a market cap of $58.30 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 0.62 and a beta of 1.84. The stock has a 50-day simple moving average of $254.39 and a 200-day simple moving average of $237.25. Nucor Corporation has a 52-week low of $131.32 and a 52-week high of $280.11. 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 (NYSE:NUE – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The firm 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 firm’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.60 earnings per share. On average, equities research analysts expect that Nucor Corporation will post 19.62 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s payout ratio is currently 17.86%.

Nucor Company Profile

(Free Report)

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.