Tidal Investments LLC Raises Holdings in Nucor Corporation $NUE

Tidal Investments LLC lifted its position in shares of Nucor Corporation (NYSE:NUE) by 31.2% during the second quarter, Holdings Channel reports. The firm owned 61,952 shares of the basic materials company’s stock after acquiring an additional 14,736 shares during the quarter. Tidal Investments LLC’s holdings in Nucor were worth $13,800,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. California State Teachers Retirement System grew its position in Nucor by 23,029.6% during the 2nd quarter. California State Teachers Retirement System now owns 61,424,649 shares of the basic materials company’s stock worth $13,682,341,000 after purchasing an additional 61,159,082 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Nucor in the second quarter valued at about $4,452,563,000. Morgan Stanley raised its holdings in shares of Nucor by 1.1% in the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after buying an additional 41,728 shares during the last quarter. Norges Bank acquired a new stake in shares of Nucor during the fourth quarter worth about $609,002,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Nucor by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock worth $429,298,000 after buying an additional 22,718 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nucor

In other Nucor news, EVP Thomas Batterbee sold 4,000 shares of the stock in a transaction dated 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 approximately $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Stephen 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 value of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at $20,008,704.32. This trade represents a 4.85% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NUE. BMO Capital Markets boosted their price target on Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Seaport Research Partners lifted their target price on Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on Nucor from $294.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group increased their price target on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and an average target price of $274.38.

Key Headlines Impacting Nucor

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

Nucor Stock Performance

NYSE:NUE opened at $259.28 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Corporation has a fifty-two week low of $131.32 and a fifty-two week high of $280.11. The stock has a market cap of $58.82 billion, a PE ratio of 20.68, a price-to-earnings-growth 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 (NYSE:NUE) last announced its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) 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 posted $2.60 EPS. The business’s revenue was up 23.0% compared to the same quarter last year. Analysts expect that Nucor Corporation will post 18.15 earnings per share for the current fiscal year.

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.