Meyer Handelman Co. Sells 2,500 Shares of Nucor Corporation $NUE

Meyer Handelman Co. lessened its position in shares of Nucor Corporation (NYSE:NUE) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,282 shares of the basic materials company’s stock after selling 2,500 shares during the quarter. Meyer Handelman Co.’s holdings in Nucor were worth $11,885,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Nucor by 745.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 83,463 shares of the basic materials company’s stock valued at $13,614,000 after purchasing an additional 73,588 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Nucor by 11.1% in the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock worth $342,642,000 after buying an additional 210,577 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Nucor during the fourth quarter valued at approximately $1,989,000. Oak Harvest Investment Services purchased a new stake in Nucor during the fourth quarter valued at approximately $6,329,000. Finally, SG Americas Securities LLC raised its position in Nucor by 123.5% in the fourth quarter. SG Americas Securities LLC now owns 85,474 shares of the basic materials company’s stock worth $13,942,000 after acquiring an additional 47,235 shares during the period. Institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

NUE has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating on the stock in a research note on Thursday, June 18th. UBS Group cut Nucor from a “buy” rating to a “neutral” rating and raised their target price for the stock from $190.00 to $224.00 in a report on Tuesday, April 28th. Zacks Research upgraded Nucor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Barclays started coverage on Nucor in a report on Thursday, May 21st. They set an “overweight” rating and a $270.00 price target for the company. Finally, Seaport Research Partners upped their price target on Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $266.92.

Insider Buying and Selling

In other news, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the sale, the executive vice president owned 97,865 shares in the company, valued at $25,294,187.90. This trade represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Noah C. Hanners sold 6,472 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the completion of the transaction, the executive vice president directly owned 50,377 shares in the company, valued at $11,410,390.50. This trade represents a 11.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,378 shares of company stock worth $18,963,930 in the last quarter. 0.62% of the stock is owned by insiders.

Nucor Trading Up 3.4%

Shares of Nucor stock opened at $248.68 on Friday. Nucor Corporation has a fifty-two week low of $128.46 and a fifty-two week high of $270.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The company has a market capitalization of $56.63 billion, a P/E ratio of 24.62, a P/E/G ratio of 0.57 and a beta of 1.88. The company has a fifty day moving average of $234.86 and a 200 day moving average of $194.48.

Nucor (NYSE:NUE) last posted its quarterly 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. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period last year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 21.3% on a year-over-year basis. On average, sell-side analysts anticipate that Nucor Corporation will post 17.08 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is 22.18%.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: KeyBanc upgraded Nucor on a more favorable steel pricing outlook, suggesting margin and earnings tailwinds may be building. Nucor upgraded at KeyBanc on steel pricing outlook
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Nucor, including Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027 and FY2028, while keeping a Strong-Buy rating, reinforcing expectations for stronger profitability ahead.
• Positive Sentiment: Separate Zacks coverage noted that Nucor’s rising earnings estimates, capacity expansions, acquisitions and higher steel prices support the stock’s growth outlook. Here’s What Makes Nucor Stock a Solid Investment Option Now
• Neutral Sentiment: Industry commentary around steel and industrial materials remains supportive, with broader bullish attention on steel-related equities and ETFs, which may be helping sentiment across the sector.

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.