Bank of Nova Scotia Sells 129,541 Shares of Nucor Corporation $NUE

Bank of Nova Scotia trimmed its holdings in Nucor Corporation (NYSE:NUE) by 81.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,846 shares of the basic materials company’s stock after selling 129,541 shares during the period. Bank of Nova Scotia’s holdings in Nucor were worth $4,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strive Financial Group LLC bought a new position in shares of Nucor during the fourth quarter worth approximately $27,000. Stance Capital LLC bought a new position in Nucor during the 3rd quarter worth $25,000. Bartlett & CO. Wealth Management LLC increased its stake in Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 63 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in Nucor in the 4th quarter valued at $32,000. Finally, Motiv8 Investments LLC acquired a new position in Nucor in the 4th quarter valued at $32,000. 76.48% of the stock is currently owned by institutional investors.

Insider Activity at Nucor

In other Nucor news, EVP Noah C. Hanners sold 6,472 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.50, for a total value of $1,465,908.00. Following the transaction, the executive vice president owned 50,377 shares in the company, valued at approximately $11,410,390.50. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction 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 completion of the sale, the executive vice president directly owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 82,378 shares of company stock worth $18,963,930. 0.62% of the stock is currently owned by insiders.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Nucor posted adjusted earnings of $4.84 per diluted share, above the $4.46 analyst consensus, while net sales of $10.40 billion surpassed estimates of $10.15 billion. Headline earnings were $5.04 per share, including a $0.20-per-share non-cash benefit. Nucor Reports Results for the Second Quarter of 2026
• Positive Sentiment: Results improved sharply from both comparison periods. Net earnings rose to $1.16 billion from $743 million in the first quarter and $603 million a year earlier. Nucor attributed the sequential improvement primarily to higher average selling prices and increased volumes in its steel mills segment. Nucor Q2 earnings rise to $1.16 billion on $10.40 billion sales
• Positive Sentiment: Management expects further year-over-year improvement. Nucor forecast higher consolidated reported earnings in the third quarter, providing investors with a favorable near-term outlook. The company also returned approximately $479 million to shareholders through dividends and share repurchases and repurchased 1.53 million shares during the quarter. Nucor Reports Results for the Second Quarter of 2026
• Neutral Sentiment: Nucor ended the quarter with $2.69 billion in cash, cash equivalents and short-term investments, supporting financial flexibility and continued shareholder returns. EBITDA was $2.02 billion.
• Negative Sentiment: The earnings beat may have been largely anticipated. Nucor shares have traded near their 52-week high and above their 50-day and 200-day moving averages, while the stock carries a P/E ratio of about 24.5. That elevated valuation may limit additional upside unless steel prices, volumes, and third-quarter results continue to outperform expectations.

Nucor Trading Down 0.1%

Shares of NYSE NUE opened at $247.35 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. Nucor Corporation has a 52-week low of $131.32 and a 52-week high of $270.90. The firm has a 50 day moving average price of $240.33 and a two-hundred day moving average price of $204.98. The stock has a market cap of $56.33 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.91.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.60 earnings per share. As a group, equities analysts forecast that Nucor Corporation will post 17.53 EPS for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.56 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s dividend payout ratio is currently 22.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. CICC Research assumed coverage on shares of Nucor in a research report on Monday, May 25th. They set an “outperform” rating for the company. KeyCorp upgraded shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 target price for the company in a research report on Wednesday, June 24th. Argus upped their price target on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. increased their price target on shares of Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Finally, BMO Capital Markets lifted their price objective on shares of Nucor from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $266.31.

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.