Tidal Investments LLC Grows Stock Holdings in Nucor Corporation $NUE

Key Points

• Tidal Investments increased its Nucor position by 31.2% in the second quarter, bringing its holdings to 61,952 shares valued at approximately $13.8 million. Institutional investors and hedge funds collectively own 76.48% of Nucor’s stock.
• Nucor exceeded quarterly expectations with EPS of $4.84 versus the $4.46 consensus and revenue of $10.40 billion, up 23% year over year. Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $274.38.
• The outlook remains mixed: steel prices are supporting margins despite weak demand, while tariff and trade policies could benefit U.S. producers but increase retaliation risks. Executives also sold shares, and some analysts recently lowered near-term earnings estimates.

Tidal Investments LLC lifted its position in Nucor Corporation (NYSE:NUE - Free Report) by 31.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,952 shares of the basic materials company's stock after buying an additional 14,736 shares during the quarter. Tidal Investments LLC's holdings in Nucor were worth $13,800,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC acquired a new position in Nucor in the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Nucor during the second quarter worth about $27,000. Bell Investment Advisors Inc purchased a new position in shares of Nucor in the second quarter valued at approximately $28,000. Markowski Investments purchased a new position in shares of Nucor in the second quarter valued at approximately $29,000. Finally, Strive Financial Group LLC acquired a new position in shares of Nucor in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan Chase raised its price target for Nucor to $308, signaling continued confidence in the steelmaker’s earnings outlook and potential upside. JPMorgan Chase Raises Nucor Price Target
• Positive Sentiment: Nucor has outperformed major steel-industry peers over the past year, while Wall Street analysts remain broadly bullish. Stronger relative performance can support investor interest and valuation momentum. Nucor Stock Performance Compared With Other Steel Stocks
• Positive Sentiment: Zacks Research increased its FY2028 EPS forecast for Nucor to $20.40 from $20.11 and raised its Q2 2028 estimate to $5.55 from $5.32. The revisions suggest improved longer-term earnings expectations, although Zacks retains a Hold rating. Zacks Research Nucor Earnings Estimates
• Neutral Sentiment: Industry commentary said Nucor and other steel producers are contending with weak demand but benefiting from higher steel prices. That combination supports margins but leaves results sensitive to demand conditions. Zacks Steel Industry Outlook
• Neutral Sentiment: Analysis of steel tariffs and trade disputes highlights a potentially favorable environment for U.S. producers such as Nucor, while also raising risks from retaliation, policy changes and weaker international trade. Nucor Steel Tariffs and Trade Spats
• Negative Sentiment: Zacks Research lowered its Q3 2026 EPS estimate to $5.90 from $5.95 and its Q4 estimate to $4.81 from $4.86. A separate Zacks report also cited a negative forecast for first-quarter earnings, creating near-term pressure on the outlook. Zacks Negative Nucor Earnings Forecast

Insider Activity

In related news, COO Stephen D. Laxton sold 3,968 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Batterbee sold 4,000 shares of the company'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 value 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 $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% of the company's stock.

Nucor Price Performance

Shares of NUE opened at $259.28 on Friday. The firm has a market capitalization of $58.82 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 0.94 and a beta of 1.87. The firm's fifty day simple moving average is $251.74 and its 200-day simple moving average is $223.98. Nucor Corporation has a twelve month low of $131.32 and a twelve month high of $280.11. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE - Get Free Report) last issued its earnings results on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, topping analysts' consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The company's revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.60 earnings per share. Equities analysts forecast that Nucor Corporation will post 18.15 EPS for the current fiscal year.

Analysts Set New Price Targets

NUE has been the topic of several recent research reports. Argus upped their target price on shares of Nucor from $200.00 to $262.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Nucor from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $294.00 to $308.00 and gave the stock an "overweight" rating in a research note on Wednesday. Zacks Research lowered Nucor from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Finally, UBS Group increased their price objective on Nucor from $224.00 to $256.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Nucor currently has an average rating of "Moderate Buy" and a consensus price target of $274.38.

About Nucor

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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