Northwestern Mutual Wealth Management Co. Buys 1,971 Shares of Nucor Corporation $NUE

05 Sep 2026, 08:59 by Kim Johansen · The Markets Daily

Northwestern Mutual Wealth Management Co. lifted its stake in Nucor Corporation (NYSE:NUE – Free Report) by 19.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,025 shares of the basic materials company’s stock after buying an additional 1,971 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Nucor were worth $2,679,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Transamerica Financial Advisors LLC purchased a new stake in Nucor in the second quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new position in shares of Nucor during the 2nd quarter worth approximately $27,000. Bell Investment Advisors Inc bought a new position in shares of Nucor in the 2nd quarter worth approximately $28,000. Strive Financial Group LLC purchased a new position in shares of Nucor in the 4th quarter valued at approximately $27,000. Finally, Stance Capital LLC purchased a new position in shares of Nucor in the 3rd quarter valued at approximately $25,000. Institutional investors own 76.48% of the company’s stock.

Nucor Trading Down 0.6%

Nucor stock opened at $260.98 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $248.16 and its two-hundred day simple moving average is $221.33. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11. The company has a market capitalization of $59.21 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.97 and a beta of 1.87.

Nucor (NYSE:NUE – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.38. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The company’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned $2.60 earnings per share. As a group, equities analysts predict that Nucor Corporation will post 17.95 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is currently 17.86%.

Insider Transactions at Nucor

In other news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares in the company, valued at $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares of the company’s stock, valued at $20,008,704.32. This trade represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Argus boosted their target price on shares of Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings raised shares of Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Barclays lifted their price target on shares of Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and an average price target of $272.38.

View Our Latest Stock Analysis on Nucor

About Nucor

(Free Report)

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.