Nucor Corporation $NUE Stake Lifted by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its Nucor stake by 383.6% in the third quarter, bringing its holdings to 4,991 shares valued at approximately $1.17 million. Institutional investors collectively own 76.48% of Nucor’s stock.
• Nucor reported strong quarterly results, with EPS of $4.84 beating estimates and revenue rising 23% year over year to $10.40 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $276.07.
• The company is investing an additional $105 million to expand its Indiana utility-pole facility, while investors continue to weigh growth prospects against tariff uncertainty and the stock’s proximity to its 52-week high.

First Citizens Bank & Trust Co. raised its holdings in shares of Nucor Corporation (NYSE:NUE - Free Report) by 383.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,991 shares of the basic materials company's stock after purchasing an additional 3,959 shares during the period. First Citizens Bank & Trust Co.'s holdings in Nucor were worth $1,167,000 at the end of the most recent reporting period.

Other institutional investors have also 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 valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in Nucor during the second quarter valued at approximately $27,000. Bell Investment Advisors Inc purchased a new position in Nucor during the second quarter valued at approximately $28,000. GK Wealth Management LLC bought a new position in Nucor in the third quarter worth approximately $28,000. Finally, Markowski Investments bought a new position in Nucor in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 76.48% of the company's stock.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research upgraded Nucor from “Hold” to “Strong Buy,” potentially improving investor sentiment toward the stock. Best Momentum Stocks to Buy for October 14th
• Positive Sentiment: Zacks also raised its Q4 2026 EPS forecast to $6.84 from $4.81 and its FY2027 estimate to $19.44 from $18.83, signaling stronger expected earnings momentum. Nucor earnings estimate revisions
• Positive Sentiment: Nucor is investing an additional $105 million to expand its Crawfordsville, Indiana, utility-pole facility. The project will add more than 120,000 square feet of automated manufacturing space and 100 jobs, positioning the company to benefit from rising U.S. power-transmission and grid-infrastructure demand. Nucor's US$105 Million Grid Investment
• Neutral Sentiment: NUE was included on Zacks’ Strong Buy momentum and value-stock lists. However, the stock’s strong recent performance may raise valuation and profit-taking concerns, particularly with shares trading near their 52-week high. Best Value Stocks to Buy for October 14th
• Negative Sentiment: Fresh doubt about U.S. trade policy and potential tariffs weighed on steelmakers, including Nucor. Investors remain concerned that shifting tariff rules could disrupt pricing, demand and trade flows across the domestic steel industry. Cleveland-Cliffs Drops as Tariff Doubt Returns

Insider Buying and Selling at Nucor

In other news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction 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 sale, the executive vice president owned 16,138 shares in the company, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stephen D. Laxton sold 3,968 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $20,008,704.32. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

NUE has been the subject of a number of analyst reports. Morgan Stanley set a $270.00 target price on Nucor in a report on Wednesday, July 29th. Wall Street Zen downgraded Nucor from a "strong-buy" rating to a "buy" rating in a report on Monday. UBS Group lifted their price target on Nucor from $224.00 to $256.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Zacks Research raised Nucor from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, KeyCorp decreased their price objective on Nucor from $288.00 to $286.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $276.07.

Nucor Stock Down 0.9%

NYSE:NUE opened at $254.71 on Friday. The company's 50-day simple moving average is $254.04 and its 200-day simple moving average is $237.89. 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 Corporation has a fifty-two week low of $131.32 and a fifty-two week high of $280.11. The stock has a market capitalization of $57.79 billion, a P/E ratio of 20.31, a P/E/G ratio of 0.63 and a beta of 1.84.

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

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be issued 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 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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