Nucor Corporation $NUE Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC lifted its position in shares of Nucor Corporation (NYSE:NUE) by 12.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 175,000 shares of the basic materials company’s stock after buying an additional 20,000 shares during the period. Nucor makes up 1.1% of Pacific Heights Asset Management LLC’s holdings, making the stock its 24th largest holding. Pacific Heights Asset Management LLC’s holdings in Nucor were worth $28,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the company. North Dakota State Investment Board acquired a new stake in shares of Nucor in the 4th quarter worth approximately $1,285,000. Elyxium Wealth LLC acquired a new stake in shares of Nucor in the 4th quarter worth approximately $60,000. Independent Solutions Wealth Management LLC acquired a new stake in shares of Nucor in the 4th quarter worth approximately $213,000. Canada Post Corp Registered Pension Plan grew its holdings in shares of Nucor by 38.7% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 7,592 shares of the basic materials company’s stock worth $1,238,000 after acquiring an additional 2,120 shares during the period. Finally, Arjuna Capital grew its holdings in shares of Nucor by 1.2% in the 4th quarter. Arjuna Capital now owns 10,662 shares of the basic materials company’s stock worth $1,739,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In other news, EVP Bradley Ford sold 2,240 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total transaction of $519,971.20. Following the sale, the executive vice president owned 43,649 shares in the company, valued at $10,132,242.37. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Noah C. Hanners sold 6,472 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.50, for a total value of $1,465,908.00. Following the sale, the executive vice president owned 50,377 shares in the company, valued at $11,410,390.50. This trade represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 69,318 shares of company stock valued at $15,672,093. 0.62% of the stock is currently owned by insiders.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Argus raised its price target on Nucor to $262 from $200 and reiterated a Buy rating, implying meaningful upside from the current share price. Argus adjusts price target on Nucor to 262 from 200, maintains buy rating
• Positive Sentiment: Zacks Research upgraded Nucor from Hold to Strong Buy, adding to the bullish analyst sentiment around the stock.
• Positive Sentiment: Recent commentary highlighted Nucor’s strong first quarter, with record shipments, higher steel selling prices, improved metal margins, and management guidance for higher consolidated earnings in Q2. Should Record Q1 2026 Shipments and Higher Q2 Outlook Require Action From Nucor (NUE) Investors?
• Positive Sentiment: Another earnings-focused analysis said Nucor’s latest quarter was driven by stronger steel prices and record shipments, reinforcing the view that profits and sales momentum remain solid. Evaluating Nucor (NUE) After Earnings Fueled By Strong Steel Prices And Record Shipments
• Neutral Sentiment: Broader sector headlines were mixed: National Steel reported a Q1 earnings miss due to softer steel demand, imports, and weather-related pressure, which could temper enthusiasm for the steel group overall. National Steel Q1 Earnings Miss Estimates on Softer Steel Demand
• Neutral Sentiment: Analyst debate continues around tariff effects, profitability, and Nucor’s growth projects, but the revised fair-value estimates suggest expectations are trending higher overall. How The Nucor (NUE) Investment Story Is Shifting With New Analyst Views And Tariff News

Nucor Price Performance

Shares of NYSE:NUE opened at $226.78 on Monday. The business’s fifty day moving average price is $190.48 and its two-hundred day moving average price is $175.12. The stock has a market cap of $51.65 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 0.61 and a beta of 1.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. Nucor Corporation has a one year low of $106.21 and a one year high of $235.45.

Nucor (NYSE:NUE) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.Nucor’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, analysts forecast that Nucor Corporation will post 14.66 EPS for the current fiscal year.

Nucor announced that its board has initiated a stock repurchase program on Friday, February 20th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, March 31st. Nucor’s dividend payout ratio is 22.18%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Nucor from $213.00 to $244.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Nucor from a “buy” rating to a “strong-buy” rating in a report on Saturday. Argus upped their price target on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group increased their target price on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, BMO Capital Markets increased their target price on Nucor from $196.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.45.

Nucor 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.