Wedge Capital Management L L P NC Sells 5,707 Shares of Nucor Corporation $NUE

Wedge Capital Management L L P NC decreased its position in Nucor Corporation (NYSE:NUE) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,599 shares of the basic materials company’s stock after selling 5,707 shares during the period. Wedge Capital Management L L P NC’s holdings in Nucor were worth $6,948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NUE. Stance Capital LLC bought a new stake in Nucor during the 3rd quarter valued at $25,000. AXS Investments LLC purchased a new stake in shares of Nucor in the 3rd quarter worth $37,000. Vision Financial Markets LLC grew its position in shares of Nucor by 281.7% during the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Nucor during the 2nd quarter worth $39,000. Finally, Caitlin John LLC purchased a new position in shares of Nucor during the third quarter valued at $41,000. Institutional investors own 76.48% of the company’s stock.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Company issued stronger Q1 2026 EPS guidance of $2.70–$2.80 and management noted improving mill backlog and limited direct energy exposure, which analysts say helps insulate results from geopolitical risk. Read More.
• Positive Sentiment: UBS upgraded NUE to Buy (price target $190, up from $184), calling the recent pullback an “excessive correction” and a buying opportunity—this provides a high‑profile bullish catalyst and implies ~16% upside to the new PT. Read More.
• Positive Sentiment: Seaport Research reiterated a Buy and maintained a $185 target following Nucor’s Q1 pre‑announcement, flagging improving profitability expectations. Read More.
• Neutral Sentiment: KeyCorp initiated coverage on Nucor (coverage initiation can add visibility but impact depends on the assigned rating and model assumptions). Read More.
• Neutral Sentiment: Zacks industry outlook highlighted Nucor among steel peers—notes mixed demand headwinds but supportive factors like rising steel prices and non‑residential construction. Read More.
• Negative Sentiment: Recent quarterly results fell short of consensus (Q4 EPS $1.73 vs. $1.91 est.; revenue $7.69B vs. $7.93B est.), creating short‑term headwinds. Combined with macro/geopolitical driven risk aversion (Middle East conflict), this helps explain intraday weakness despite the bullish analyst moves.

Insider Activity at Nucor

In other news, EVP Daniel R. Needham sold 3,881 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $178.00, for a total transaction of $690,818.00. Following the transaction, the executive vice president directly owned 88,298 shares of the company’s stock, valued at approximately $15,717,044. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Rex Query sold 7,452 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the sale, the executive vice president owned 76,628 shares of the company’s stock, valued at approximately $15,020,620.56. This represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,401 shares of company stock valued at $4,936,152 over the last 90 days. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NUE. Morgan Stanley restated an “equal weight” rating and issued a $180.00 price objective (up from $165.00) on shares of Nucor in a report on Friday, January 9th. BMO Capital Markets raised their target price on shares of Nucor from $190.00 to $196.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. UBS Group upgraded shares of Nucor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $184.00 to $190.00 in a report on Thursday. KeyCorp started coverage on shares of Nucor in a research report on Wednesday. They issued a “sector weight” rating for the company. Finally, Seaport Research Partners increased their price objective on shares of Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.90.

Nucor Price Performance

Shares of NUE stock opened at $163.48 on Friday. The stock’s 50-day moving average is $175.87 and its 200 day moving average is $159.62. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $196.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. The company has a market cap of $37.23 billion, a P/E ratio of 21.68, a PEG ratio of 0.59 and a beta of 1.83.

Nucor (NYSE:NUE) last announced its earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Research analysts predict that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor declared that its Board of Directors has initiated a stock buyback plan 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 purchase up to 9.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, March 31st. Nucor’s payout ratio is 29.71%.

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.