Nucor Slides 3.5% as Investors Appear to Take Profits After Rally

2026-11-13

Investivoq PriceTracker

Nucor Corporation (NUE) is down 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver looks like profit-taking after a strong run, rather than a clearly negative new company announcement. Nucor’s latest results were solid and its fourth-quarter outlook called for earnings to be roughly in line with or modestly above the third quarter, so the pullback may reflect valuation pressure, recent insider selling, and investors resetting expectations after the stock approached highs.

Details:

Nucor reported third-quarter 2026 net earnings of $1.32 billion, or $5.80 per diluted share, with net sales of $11.25 billion.

The company said fourth-quarter 2026 earnings should be generally in line with or modestly higher than the third quarter, with stable steel mills and steel products earnings expected.

Management highlighted higher average selling prices and increased volumes in the steel mills segment during the third quarter, along with higher volumes and pricing in steel products.

A recent Form 4 showed President and COO Stephen Laxton sold shares on November 3, 2026, which may have added to near-term caution as the stock traded near elevated levels.

Sources:

SEC, Nucor, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NUE Insider Trading Activity

$NUE insiders have traded $NUE stock on the open market 23 times in the past 6 months. Of those trades, 0 have been purchases and 23 have been sales.

Here’s a breakdown of recent trading of $NUE stock by insiders over the last 6 months:

LEON J TOPALIAN (Chair and CEO) has made 0 purchases and 6 sales selling 78,000 shares for an estimated $18,821,325.
ALLEN C BEHR (Executive Vice President) has made 0 purchases and 5 sales selling 19,585 shares for an estimated $5,354,373.
STEPHEN D LAXTON (President and COO) has made 0 purchases and 4 sales selling 14,528 shares for an estimated $3,923,417.
KENNETH REX QUERY (Executive Vice President) has made 0 purchases and 2 sales selling 13,529 shares for an estimated $3,400,843.
JOHN J HOLLATZ (Executive Vice President) has made 0 purchases and 2 sales selling 10,560 shares for an estimated $2,729,291.
NOAH C HANNERS (Executive Vice President) sold 5,190 shares for an estimated $1,427,406
THOMAS J. BATTERBEE (Executive Vice President) sold 4,000 shares for an estimated $1,044,062
RANDY J SPICER (Executive Vice President) sold 2,500 shares for an estimated $562,500
MICHAEL D KELLER (Vice Pres. and Corp. Contro) sold 1,136 shares for an estimated $317,322

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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$NUE Hedge Fund Activity

We have seen 769 institutional investors add shares of $NUE stock to their portfolio, and 638 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM removed 61,153,359 shares (-99.6%) from their portfolio in Q3 2026, for an estimated $14,294,597,666
BERKSHIRE HATHAWAY INC removed 2,049,323 shares (-52.5%) from their portfolio in Q2 2026, for an estimated $456,486,698
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. removed 1,899,235 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $443,946,181
BANK OF AMERICA CORP /DE/ added 845,668 shares (+68.6%) to their portfolio in Q2 2026, for an estimated $188,372,547
SLATE PATH CAPITAL LP removed 782,700 shares (-38.3%) from their portfolio in Q2 2026, for an estimated $174,346,425
ASCENTIS WEALTH MANAGEMENT, LLC removed 737,662 shares (-99.4%) from their portfolio in Q3 2026, for an estimated $172,428,492
BLACKROCK, INC. added 729,041 shares (+3.8%) to their portfolio in Q2 2026, for an estimated $162,393,882

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

$NUE Analyst Ratings

Wall Street analysts have issued reports on $NUE in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 11/12/2026
Keybanc issued a "Overweight" rating on 11/04/2026
Freedom Broker issued a "Buy" rating on 10/30/2026
JP Morgan issued a "Overweight" rating on 10/28/2026
Wells Fargo issued a "Overweight" rating on 10/28/2026
BMO Capital issued a "Outperform" rating on 07/29/2026
B of A Securities issued a "Buy" rating on 07/09/2026

To track analyst ratings and price targets for $NUE, check out Investivoq's $NUE forecast page.

$NUE Price Targets

Multiple analysts have issued price targets for $NUE recently. We have seen 10 analysts offer price targets for $NUE in the last 6 months, with a median target of $302.5.

Here are some recent targets:

Richard Garchitorena from Barclays set a target price of $345.0 on 11/12/2026
Samuel McKinney from Keybanc set a target price of $301.0 on 11/04/2026
Vitaly Kononov from Freedom Broker set a target price of $304.0 on 10/30/2026
Bill Peterson from JP Morgan set a target price of $304.0 on 10/28/2026
Timna Tanners from Wells Fargo set a target price of $305.0 on 10/28/2026
Katja Jancic from BMO Capital set a target price of $295.0 on 07/29/2026
Andrew Jones from UBS set a target price of $256.0 on 07/28/2026

This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.