Allstate Corp Buys 8,020 Shares of Nucor Corporation $NUE

Allstate Corp increased its stake in shares of Nucor Corporation (NYSE:NUE) by 100.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,028 shares of the basic materials company’s stock after purchasing an additional 8,020 shares during the quarter. Allstate Corp’s holdings in Nucor were worth $2,614,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Empirical Asset Management LLC grew its stake in shares of Nucor by 2.6% during the fourth quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock valued at $347,000 after purchasing an additional 54 shares during the last quarter. Krilogy Financial LLC grew its stake in shares of Nucor by 4.1% during the fourth quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 61 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Nucor by 3.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company’s stock valued at $328,000 after purchasing an additional 69 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Nucor by 5.6% during the third quarter. Whittier Trust Co. now owns 1,330 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 70 shares during the last quarter. Finally, HUB Investment Partners LLC grew its stake in shares of Nucor by 1.9% during the second quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock valued at $531,000 after purchasing an additional 75 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research raised its earnings forecasts for Nucor across multiple periods, including FY2026, FY2027, and FY2028, implying stronger profitability ahead. The firm reiterated a Strong-Buy rating, which can support investor confidence.
• Positive Sentiment: Analysts lifted near-term EPS estimates for Q3 2026, Q4 2026, and Q1 2027, signaling expectations for sustained operating strength rather than a one-quarter earnings pop.
• Positive Sentiment: Nucor’s stock has been trading near its 52-week high after a strong quarterly report that beat consensus on both earnings and revenue, helping reinforce the bullish case for the shares.
• Neutral Sentiment: Coverage highlighting Nucor as one of Warren Buffett’s Berkshire holdings and a steady dividend payer adds a quality/income angle, but it is not a direct catalyst on its own.

Nucor Price Performance

Shares of NUE stock opened at $246.36 on Thursday. Nucor Corporation has a 52-week low of $106.21 and a 52-week high of $247.40. The stock has a market cap of $56.11 billion, a PE ratio of 24.39, a PEG ratio of 0.64 and a beta of 1.87. 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 firm’s 50 day moving average price is $200.60 and its two-hundred day moving average price is $179.79.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. As a group, analysts forecast that Nucor Corporation will post 14.84 EPS for the current year.

Nucor announced that its board has authorized a stock buyback program on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NUE. JPMorgan Chase & Co. increased their price target on shares of Nucor from $212.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. KeyCorp started coverage on shares of Nucor in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. BNP Paribas Exane raised their price objective on shares of Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their price objective on shares of Nucor from $213.00 to $244.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Citigroup raised their price objective on shares of Nucor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $247.50.

Insider Buying and Selling

In other Nucor news, insider Michael D. Keller sold 4,554 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $225.86, for a total value of $1,028,566.44. Following the sale, the insider directly owned 16,834 shares in the company, valued at approximately $3,802,127.24. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bradley Ford sold 2,240 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total transaction of $519,971.20. Following the completion of the sale, the executive vice president owned 43,649 shares in the company, valued at approximately $10,132,242.37. This trade represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 71,818 shares of company stock valued at $16,234,593. 0.62% of the stock is owned by company insiders.

About Nucor

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.