Assenagon Asset Management S.A. Sells 7,439 Shares of Nucor Corporation $NUE

Key Points

• Assenagon Asset Management cut its Nucor stake by 25.6% in the second quarter, selling 7,439 shares and retaining 21,635 shares valued at $4.82 million. Institutional investors collectively own 76.48% of the stock.
• Nucor exceeded quarterly expectations, reporting EPS of $4.84 versus the $4.46 consensus and revenue of $10.40 billion, up 23% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $273.31.
• Insiders sold 21,028 shares worth approximately $5.36 million over the past 90 days, while Nucor paid a quarterly dividend of $0.56 per share, equivalent to a 0.8% yield.

Assenagon Asset Management S.A. lessened its stake in shares of Nucor Corporation (NYSE:NUE - Free Report) by 25.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,635 shares of the basic materials company's stock after selling 7,439 shares during the period. Assenagon Asset Management S.A.'s holdings in Nucor were worth $4,819,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. RKL Wealth Management LLC lifted its holdings in shares of Nucor by 0.9% in the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company's stock worth $899,000 after acquiring an additional 48 shares during the last quarter. Empirical Asset Management LLC grew its holdings in Nucor by 2.6% during the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company's stock valued at $347,000 after purchasing an additional 54 shares during the last quarter. Krilogy Financial LLC grew its holdings in Nucor by 4.1% during the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 61 shares during the last quarter. Moody National Bank Trust Division raised its position in Nucor by 4.6% in the 2nd quarter. Moody National Bank Trust Division now owns 1,396 shares of the basic materials company's stock worth $311,000 after purchasing an additional 62 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised its position in Nucor by 49.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company's stock worth $32,000 after purchasing an additional 63 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research raised its Q3 2026 EPS estimate to $5.95 from $5.62 and its Q4 2026 estimate to $5.06 from $4.68, suggesting potentially stronger near-term operating performance. However, the firm maintained a “Hold” rating. Zacks Research Nucor estimates
• Positive Sentiment: Nucor received a consensus analyst recommendation of “Moderate Buy,” providing some support for the stock’s longer-term outlook. Nucor receives Moderate Buy consensus
• Positive Sentiment: A long-term performance review highlights the potential benefits of holding Nucor over extended periods, reinforcing the company’s appeal as a cyclical steel and dividend investment rather than a short-term trade. Nucor decade-long investment performance
• Neutral Sentiment: Industry research projects substantial growth in the global direct reduced iron market through 2034. This could create longer-term opportunities for lower-emission steelmaking, but the report does not identify a specific new contract or earnings impact for Nucor. Global direct reduced iron market outlook
• Negative Sentiment: Zacks Research cut multiple future EPS forecasts: FY2027 to $19.15 from $23.08, FY2028 to $20.11 from $23.38, Q4 2027 to $3.58 from $5.69, Q1 2028 to $4.51 from $5.51, and Q2 2028 to $5.32 from $5.84. The revisions point to expectations for weaker steel pricing or margins over the longer term. Nucor earnings estimate revisions
• Negative Sentiment: Commentary questions whether Nucor can withstand softer sheet-steel pricing, a key risk because lower selling prices can compress margins even when production volumes remain healthy. Nucor and softer sheet steel pricing

Insider Buying and Selling at Nucor

In other news, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the transaction, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. This trade represents a 19.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John J. Hollatz sold 10,560 shares of the business's stock in a transaction on Wednesday, June 3rd. The stock was 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 directly owned 97,865 shares of the company's stock, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,028 shares of company stock worth $5,355,535. 0.62% of the stock is currently owned by corporate insiders.

Nucor Stock Performance

Shares of Nucor stock opened at $271.30 on Thursday. 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 stock's fifty day moving average price is $246.66 and its 200-day moving average price is $213.06. The firm has a market cap of $61.79 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.61 and a beta of 1.89. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, topping analysts' consensus estimates of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The company had revenue of $10.40 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the firm earned $2.60 earnings per share. The firm's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts expect that Nucor Corporation will post 17.95 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Nucor's dividend payout ratio (DPR) is presently 17.86%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research lowered Nucor from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. CICC Research started coverage on Nucor in a report on Monday, May 25th. They issued an "outperform" rating on the stock. KeyCorp upgraded Nucor from a "sector weight" rating to an "overweight" rating and set a $274.00 price target on the stock in a report on Wednesday, June 24th. Seaport Research Partners raised their price target on Nucor from $245.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Finally, UBS Group boosted their price objective on Nucor from $224.00 to $256.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Twelve research 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, Nucor has a consensus rating of "Moderate Buy" and an average price target of $273.31.

Nucor Company Profile

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.

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