Nykredit A S Purchases New Holdings in Nucor Corporation $NUE

Key Points

• Nykredit A/S purchased 57,335 Nucor shares worth approximately $12.8 million in the second quarter, while institutional investors collectively own 76.48% of the company.
• Analysts remain broadly positive, with 13 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $274.79.
• Nucor expects stronger third-quarter earnings and declared a $0.56 quarterly dividend, but its forecast remains below Wall Street expectations and higher costs, the loss of a prior $130 million refund, and insider selling create potential headwinds.

Nykredit A S bought a new position in Nucor Corporation (NYSE:NUE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,335 shares of the basic materials company's stock, valued at approximately $12,771,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Range Advisory LLC bought a new stake in Nucor in the 2nd quarter worth approximately $205,000. Ameritas Advisory Services LLC raised its stake in shares of Nucor by 62.5% in the second quarter. Ameritas Advisory Services LLC now owns 3,083 shares of the basic materials company's stock worth $687,000 after buying an additional 1,186 shares during the period. Wedmont Private Capital raised its stake in Nucor by 15.8% during the 2nd quarter. Wedmont Private Capital now owns 3,192 shares of the basic materials company's stock worth $726,000 after acquiring an additional 435 shares during the period. Saudi Central Bank lifted its stake in shares of Nucor by 84.0% during the 2nd quarter. Saudi Central Bank now owns 15,546 shares of the basic materials company's stock valued at $3,463,000 after buying an additional 7,099 shares in the last quarter. Finally, NI Acquisitions Company LLC purchased a new position in shares of Nucor in the second quarter valued at about $246,000. Institutional investors own 76.48% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NUE shares. Barclays upped 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. KeyCorp raised Nucor from a "sector weight" rating to an "overweight" rating and set a $274.00 target price on the stock in a research report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of Nucor from $294.00 to $308.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 9th. CICC Research began coverage on Nucor in a research report on Monday, May 25th. They set an "outperform" rating for the company. Finally, UBS Group lifted their price target on shares of Nucor from $224.00 to $256.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Nucor currently has a consensus rating of "Moderate Buy" and an average target price of $274.79.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor projected third-quarter EPS of $5.55–$5.65, above the $2.63 reported in the year-ago quarter and slightly above its $5.04 second-quarter result. Management expects stronger performance in its steel mills and steel products businesses, supported by improved realized prices and volumes. Nucor Expects Q3 Earnings To Be Higher YoY, Sequentially
• Positive Sentiment: The board declared a regular quarterly dividend of $0.56 per share, payable November 10 to shareholders of record September 30. It is Nucor’s 214th consecutive quarterly cash dividend, reinforcing the company’s shareholder-return record. Nucor Announces 214th Consecutive Cash Dividend
• Neutral Sentiment: Freedom Broker reaffirmed a “hold” rating but reduced its price target from $305 to $285, still implying potential upside from the current trading level. Broader analyst targets remain mixed but generally above the share price.
• Negative Sentiment: The central pressure on NUE is that the Q3 EPS forecast fell below Wall Street expectations, variously reported near $5.99–$6.17. The shortfall overshadowed the projected year-over-year and sequential improvement. Nucor Announces Guidance for the Third Quarter of 2026 Earnings
• Negative Sentiment: Investors also reacted to higher costs and the absence of a roughly $130 million cash refund that benefited the prior quarter, making the upcoming results comparison more difficult even with firm steel prices and demand. Steel Dynamics issued similarly disappointing guidance, intensifying concerns across the steel sector. Steel Dynamics and Nucor Fall as Guidance Disappoints
• Negative Sentiment: A broader market backdrop of higher oil prices and bond yields also weighed on equities, while reported insider activity showed selling and no insider purchases over the past six months.

Nucor Stock Up 0.3%

Shares of NUE stock opened at $249.03 on Monday. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. The company has a market cap of $56.50 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 0.89 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The stock's fifty day moving average price is $254.95 and its 200 day moving average price is $227.15.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, beating the consensus estimate of $4.46 by $0.38. The firm had revenue of $10.40 billion during the quarter, compared to analyst estimates of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. Nucor's revenue was up 23.0% on a year-over-year basis. During the same period last year, the firm posted $2.60 EPS. On average, research analysts expect that Nucor Corporation will post 18.52 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be issued a $0.56 dividend. The ex-dividend date of this dividend 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 currently 17.86%.

Insider Buying and Selling

In other Nucor news, EVP Thomas Batterbee sold 4,000 shares of the firm'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 completion of the transaction, the executive vice president directly owned 16,138 shares of the company's stock, valued at approximately $4,212,340.76. This trade represents a 19.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Stephen 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 transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.62% of the company's stock.

Nucor Company 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.

Want to see what other hedge funds are holding NUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nucor Corporation (NYSE:NUE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.