5,566 Shares in Nucor Corporation $NUE Bought by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 5,566 Nucor shares worth approximately $1.3 million during the third quarter. Institutional investors and hedge funds collectively own 76.48% of the company.
• Analysts maintain a generally positive view, with 13 Buy ratings and four Holds, resulting in a “Moderate Buy” consensus and an average price target of $276.07.
• Nucor reported quarterly earnings and revenue above estimates, while its board declared a quarterly dividend of $0.56 per share, equivalent to a 0.9% annualized yield.

Sanders Morris Harris LLC acquired a new position in shares of Nucor Corporation (NYSE:NUE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,566 shares of the basic materials company's stock, valued at approximately $1,303,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC bought a new position in shares of Nucor during the second quarter worth about $25,000. GK Wealth Management LLC bought a new position in Nucor during the third quarter worth $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of Nucor in the 2nd quarter valued at about $27,000. Bell Investment Advisors Inc acquired a new stake in Nucor in the second quarter valued at approximately $28,000. Finally, Markowski Investments bought a new stake in Nucor during the 2nd quarter valued at $29,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Zacks Research lowered Nucor from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. KeyCorp reduced their target price on shares of Nucor from $288.00 to $286.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Citigroup restated a "buy" rating on shares of Nucor in a research note on Wednesday, July 29th. Morgan Stanley set a $270.00 price objective on shares of Nucor in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group dropped their target price on shares of Nucor from $304.00 to $302.00 and set a "buy" rating for the company in a research report on Friday, September 18th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Nucor presently has an average rating of "Moderate Buy" and a consensus target price of $276.07.

Nucor Trading Up 1.2%

NYSE NUE traded up $3.17 during trading on Wednesday, hitting $256.97. The company had a trading volume of 1,032,680 shares, compared to its average volume of 1,545,426. The company has a market cap of $58.30 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 0.62 and a beta of 1.84. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. The company's fifty day moving average is $254.74 and its 200-day moving average is $236.61. Nucor Corporation has a one year low of $131.32 and a one year high of $280.11.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the company posted $2.60 earnings per share. The firm's revenue was up 23.0% on a year-over-year basis. On average, sell-side analysts predict that Nucor Corporation will post 19.62 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.56 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. Nucor's dividend payout ratio is presently 17.86%.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Higher earnings forecasts: Zacks Research raised its Nucor estimates for fourth-quarter 2026 EPS to $6.84 from $4.81, fourth-quarter 2027 EPS to $4.20 from $3.50, and full-year 2027 EPS to $19.44 from $18.83. These revisions point to improved expectations for profitability. Nucor earnings estimate revisions
• Positive Sentiment: Infrastructure investment: Nucor is investing $105 million to expand utility-pole production in Indiana. The project will add automation and approximately 100 jobs, positioning the company to benefit from growing demand for electricity transmission and distribution equipment. Nucor expands utility towers capacity
• Positive Sentiment: Strong-buy recognition: Nucor was included in Zacks’ Rank #1 “Strong Buy” lists for both momentum and value stocks. While these rankings are based on quantitative factors rather than a new fundamental announcement, they may support investor demand. Zacks momentum stocks Zacks value stocks
• Neutral Sentiment: Upcoming earnings catalyst: Nucor scheduled a webcast and conference call alongside its third-quarter 2026 results, giving investors a near-term opportunity to assess steel pricing, demand, margins and management’s outlook. Nucor third-quarter conference call
• Negative Sentiment: Mixed quarterly outlook: Zacks reduced its Q3 2026 EPS estimate to $5.61 from $5.90 and lowered Q3 2027 EPS to $5.13 from $5.23. The cuts suggest some pressure on near-term results, despite higher longer-term estimates.

Insider Buying and Selling at Nucor

In related news, COO Stephen 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 value of $1,019,617.28. Following the completion of the sale, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Batterbee sold 4,000 shares of the business's stock in a transaction that occurred 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 directly owned 16,138 shares of the company's stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.62% of the company's stock.

Nucor Profile

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.

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