South Dakota Investment Council Sells 44,448 Shares of Nucor Corporation $NUE

South Dakota Investment Council trimmed its stake in Nucor Corporation (NYSE:NUE) by 78.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,353 shares of the basic materials company’s stock after selling 44,448 shares during the period. South Dakota Investment Council’s holdings in Nucor were worth $2,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Financial Group LLC bought a new stake in shares of Nucor during the 4th quarter valued at about $27,000. Stance Capital LLC bought a new position in Nucor in the third quarter worth about $25,000. Bartlett & CO. Wealth Management LLC raised its stake in Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after buying an additional 63 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in Nucor in the fourth quarter worth about $32,000. Finally, Motiv8 Investments LLC purchased a new stake in Nucor in the fourth quarter worth about $32,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on NUE shares. Jefferies Financial Group upped their target price on Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BNP Paribas Exane lifted their price target on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Bank of America reduced their price target on Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Morgan Stanley set a $270.00 price objective on Nucor in a report on Wednesday. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and a consensus price target of $273.31.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analysts raise earnings expectations: Zacks Research brokers increased their earnings estimates for Nucor, suggesting greater confidence in the company’s near-term profitability. Zacks Research Brokers Raise Earnings Estimates for Nucor
• Positive Sentiment: Record shipments strengthen the outlook: Nucor’s shipment performance is being cited as a key reason for a more bullish earnings outlook, indicating solid demand across its steel operations. Nucor’s Record Shipments Drive Bullish Earnings Outlook
• Positive Sentiment: Positive momentum and relative performance: Nucor is described as a strong momentum stock and has outperformed other basic-materials companies, including Charlotte-based Albemarle, supporting continued investor interest. Here’s Why Nucor Is a Strong Momentum Stock Nucor Outshines Albemarle in Charlotte Stock Duel
• Positive Sentiment: UBS sees further upside: A UBS Group analyst expects Nucor’s stock price to rise, adding to the constructive analyst sentiment. Nucor Stock Price Expected to Rise, UBS Analyst Says
• Neutral Sentiment: Analyst views are not unanimous: Recent coverage includes mixed opinions on Nucor, while another report discusses Nucor alongside Ecolab without indicating a clear change in the company’s fundamentals. Analysts’ Opinions Are Mixed on Nucor
• Negative Sentiment: Macro risks remain: A shrinking U.S. trade deficit is accompanied by signs of pressure in steel mills, freight activity and consumer sentiment, raising concerns about industrial demand and potential cyclicality for steel producers. What a $101.5 Billion Trade Deficit Really Means for Americans in 2026

Insider Buying and Selling

In related news, EVP Randy J. Spicer sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $225.00, for a total transaction of $562,500.00. Following the completion of the transaction, the executive vice president owned 20,510 shares of the company’s stock, valued at $4,614,750. This trade represents a 10.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Keller sold 4,554 shares of Nucor stock in a transaction on Monday, May 4th. The shares were sold at an average price of $225.86, for a total value of $1,028,566.44. Following the transaction, the insider owned 16,834 shares of the company’s stock, valued at $3,802,127.24. The trade was a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,950 shares of company stock worth $7,122,879 over the last three months. Corporate insiders own 0.62% of the company’s stock.

Nucor Trading Up 0.1%

NYSE:NUE opened at $257.19 on Friday. The firm has a market capitalization of $58.57 billion, a P/E ratio of 20.51, a PEG ratio of 0.58 and a beta of 1.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.55. Nucor Corporation has a one year low of $131.32 and a one year high of $270.90. The company’s 50-day simple moving average is $242.94 and its 200 day simple moving average is $207.32.

Nucor (NYSE:NUE) last announced its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating 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 business had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm earned $2.60 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, analysts forecast that Nucor Corporation will post 17.6 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be paid a $0.56 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s dividend payout ratio is presently 17.86%.

About Nucor

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.