New York State Teachers Retirement System Increases Holdings in Nucor Corporation $NUE

New York State Teachers Retirement System lifted its position in Nucor Corporation (NYSE:NUE) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,032 shares of the basic materials company’s stock after purchasing an additional 7,547 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Nucor worth $28,223,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NUE. Stance Capital LLC acquired a new stake in shares of Nucor in the 3rd quarter valued at about $25,000. AXS Investments LLC acquired a new stake in shares of Nucor in the 3rd quarter valued at about $37,000. Vision Financial Markets LLC boosted its position in shares of Nucor by 281.7% in the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 200 shares during the period. Caitlin John LLC acquired a new stake in shares of Nucor in the 3rd quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 153 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Allen C. Behr sold 7,568 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the completion of the transaction, the executive vice president directly owned 67,711 shares of the company’s stock, valued at approximately $12,763,523.50. This represents a 10.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Rex Query sold 7,452 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total value of $1,460,741.04. Following the transaction, the executive vice president directly owned 76,628 shares of the company’s stock, valued at approximately $15,020,620.56. This trade represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 22,520 shares of company stock valued at $4,245,334. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NUE. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley upped their target price on Nucor from $180.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday. BNP Paribas Exane upped their target price on Nucor from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. UBS Group downgraded Nucor from a “buy” rating to a “neutral” rating and upped their price objective for the company from $190.00 to $224.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Nucor from $212.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $240.00.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Goldman Sachs raised its price target on Nucor to $260 from $240, implying roughly a mid‑teens upside vs the current share level — a clear analyst vote of confidence that supports upward price momentum. Goldman Sachs Adjusts Price Target on Nucor to $260 From $240
• Positive Sentiment: Coverage highlighting Nucor’s “blockbuster” earnings (triple‑digit EPS gains, double‑digit revenue growth) reinforces the narrative of stronger fundamentals and justifies higher valuation multiples. Investors may be re‑rating shares on the earnings beat and upward guidance/forecasts. Is Nucor a Buy After Its Blockbuster Earnings Report?
• Positive Sentiment: Jim Cramer singled out Nucor as a “data center stock,” a high‑visibility endorsement that can attract retail and momentum flows by linking Nucor to secular demand drivers (infrastructure, data‑center builds). Nucor (NUE) is a Data Center Stock, Says Jim Cramer
• Neutral Sentiment: Analyst activity is rising — Nucor shows up on trending lists (TipRanks) indicating increased attention from the sell‑side and modelers; this raises liquidity/coverage but is not a direct buy/sell signal. Campbell, DoorDash, Oklo, Nucor, Telus Trending With Analysts
• Neutral Sentiment: General market pages (CNN) and other outlets continue to list Nucor in stock trackers — useful for visibility but not a direct catalyst. Nucor Corporation
• Negative Sentiment: MarketWatch noted Nucor underperformed peers on a recent session, a reminder that relative performance and sector rotation could cap near‑term gains even as fundamentals improve. Nucor Corp. stock underperforms Wednesday when compared to competitors

Nucor Stock Performance

Shares of NUE stock opened at $225.93 on Friday. The company has a market cap of $51.43 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.87. The stock has a 50 day simple moving average of $180.91 and a 200-day simple moving average of $169.01. Nucor Corporation has a 12-month low of $106.21 and a 12-month high of $227.96. The company has a current ratio of 2.90, a quick ratio of 1.57 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last issued its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The business had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. On average, equities analysts forecast that Nucor Corporation will post 13.64 EPS for the current year.

Nucor declared that its board has authorized a stock repurchase plan on Friday, February 20th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the basic materials company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Nucor Announces Dividend

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

Nucor Company 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.