Amundi Sells 142,511 Shares of Nucor Corporation $NUE

Key Points

• Amundi cut its Nucor stake by 21.6% in the second quarter, selling 142,511 shares and retaining 517,958 shares valued at approximately $115.4 million. Institutional investors and hedge funds collectively own 76.48% of Nucor.
• Nucor reported quarterly EPS of $4.84, beating estimates of $4.46, while revenue rose 23% year over year to $10.40 billion. Shares recently traded near $258, below the 12-month high of $280.11.
• Wall Street sentiment remains generally positive, with 13 analysts rating Nucor a Buy and a consensus price target of $274.38; JPMorgan raised its target to $308. However, Zacks lowered its 2027 earnings forecasts and maintained a Hold rating.

Amundi lessened its stake in Nucor Corporation (NYSE:NUE - Free Report) by 21.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,958 shares of the basic materials company's stock after selling 142,511 shares during the quarter. Amundi owned about 0.23% of Nucor worth $115,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC acquired a new stake in shares of Nucor in the 2nd quarter valued at $25,000. Stance Capital LLC acquired a new stake in Nucor in the third quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new stake in Nucor in the second quarter valued at about $27,000. Strive Financial Group LLC bought a new position in Nucor in the fourth quarter valued at about $27,000. Finally, Bell Investment Advisors Inc bought a new position in Nucor in the second quarter valued at about $28,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Performance

Shares of Nucor stock opened at $257.99 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Corporation has a twelve month low of $131.32 and a twelve month high of $280.11. The stock has a market cap of $58.53 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 0.95 and a beta of 1.87. The company's fifty day moving average is $250.27 and its 200 day moving average is $223.20.

Nucor (NYSE:NUE - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $10.15 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The business's quarterly revenue was up 23.0% on a year-over-year basis. Sell-side analysts forecast that Nucor Corporation will post 17.95 EPS for the current year.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan raised its price target. JPMorgan Chase increased its target for Nucor from $294 to $308 and upgraded the stock to “overweight,” implying substantial potential upside from the recent trading level. JPMorgan raises Nucor price target
• Neutral Sentiment: Nucor remains one of the steel stocks favored to navigate industry challenges. Zacks noted sluggish Chinese activity and muted demand in some end markets, but identified Nucor, ArcelorMittal, Steel Dynamics and F.W. Industries as companies positioned to manage the difficult environment. Steel producer stocks to watch
• Negative Sentiment: Zacks Research reduced its 2027 earnings forecasts. Estimates were lowered for every quarter and for full-year 2027: annual EPS was cut to $18.83 from $19.15, while quarterly reductions included Q1 EPS to $4.95, Q2 to $5.16, Q3 to $5.23 and Q4 to $3.50. Zacks maintained a “hold” rating, signaling limited conviction despite the long-term earnings outlook.
• Negative Sentiment: Recent trading performance had been relatively weak. Nucor previously closed at $256.40 after a 1.79% decline and underperformed some steel-sector peers, reflecting investor sensitivity to market-wide pressure and concerns about demand conditions. Nucor declines more than market

Insider Activity

In other Nucor news, COO Stephen D. Laxton sold 3,968 shares of the firm's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer directly owned 77,867 shares of the company's stock, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. The trade was a 19.86% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NUE has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Nucor from $294.00 to $308.00 and gave the stock an "overweight" rating in a report on Wednesday. Seaport Research Partners lifted their price target on shares of Nucor from $245.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. CICC Research assumed coverage on shares of Nucor in a research report on Monday, May 25th. They set an "outperform" rating for the company. Morgan Stanley set a $270.00 price objective on shares of Nucor in a research note on Wednesday, July 29th. Finally, BMO Capital Markets raised their target price on shares of Nucor from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $274.38.

Nucor Profile

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.

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