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Nucor Corporation is well-positioned to benefit from U.S. steel market tailwinds, driven by tariffs and robust infrastructure/data center demand. NUE's flexible cost structure—electric arc furnaces, semi-variable payroll, and vertical integration—provides resilience and cushions against market downturns. Due to lower operating leverage, NUE offers lower earnings volatility, making it attractive for investors seeking stability in a bullish steel cycle.

Key Takeaways Nucor reports Q3 results on Oct. 26, with higher earnings expected across Steel Mills and Steel Products.Nucor's Q3 sales are estimated at $10.53B, indicating a 23.6% rise from the year-ago quarter.Higher steel prices and stable Steel Mills segment volumes are expected to support NUE's results. Nucor Corporation (NUE - Free Report) is slated to come up with third-quarter 2026 results after the closing bell on Oct. 26.

The steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. It has a trailing four-quarter earnings surprise of roughly 9.8%, on average. NUE is expected to have benefited from favorable steel prices and higher earnings across its Steel Mills and Steel Products segments in the third quarter.

NUE’s shares have jumped 86.1% in the past year, outperforming the Zacks Steel Producers industry’s 58.6% rise.

Image Source: Zacks Investment Research

Let’s see how things are shaping up for this announcement.

What do NUE’s Revenue Estimates Indicate?The Zacks Consensus Estimate for NUE’s third-quarter consolidated sales is currently pegged at $10,531.4 million, calling for an increase of 23.6% from the year-ago quarter’s tally.

Factors Shaping NUE’s Q3 ResultsHigher earnings across Steel Mills and Steel Products units are likely to have aided NUE’s performance in the third quarter. Nucor is expected to have benefited from higher average selling prices.

Nucor, last month, said that it expects improved sequential results in the September quarter driven by higher Steel Mills and Steel Products earnings, partly offset by weaker performance in the Raw Materials unit due to lower pricing and shipments.

The Steel Mills segment is expected to have benefited from higher average selling prices and stable volumes. Higher volumes and pricing are likely to have supported the Steel Products segment.

Meanwhile, U.S. steel prices are rising on major steel mills' price increases, extending lead times and tightening supply, partly due to plant outages and reduced imports driven by tariffs. The upswing has led to benchmark hot-rolled coil (“HRC”) prices surging to above $1,300 per short ton. Rallying HRC prices have created a favorable landscape for American steel producers.

Higher selling prices are expected to have supported Nucor’s performance in the quarter to be reported. Our estimate for third-quarter average sales price per ton for the company’s steel mills unit stands at $1,157, indicating an 11.5% year-over-year increase.

What Our Model Unveils for NUE StockOur proven model does not conclusively predict an earnings beat for Nucor this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: Earnings ESP for NUE is 0.00%. The Most Accurate Estimate and the Zacks Consensus Estimate are both pegged at $5.71. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: NUE currently sports a Zacks Rank #1.

Basic Materials Stocks That Warrant a LookHere are some companies in the basic materials space you may want to consider, as our model shows they have the right combination of elements to post an earnings beat this quarter:

Freeport-McMoRan Inc. (FCX - Free Report) , scheduled to release earnings on Oct. 27, has an Earnings ESP of +0.12% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The consensus estimate for FCX’s earnings for the third quarter is currently pegged at 78 cents.

DuPont de Nemours, Inc. (DD - Free Report) , scheduled to release earnings on Nov. 3, has an Earnings ESP of +1.35%.

The Zacks Consensus Estimate for DD’s earnings for the third quarter is currently pegged at $1.86. DD currently carries a Zacks Rank #3.

Huntsman Corporation (HUN - Free Report) , slated to release earnings on Nov. 2, has an Earnings ESP of +49.86% and carries a Zacks Rank #3 at present.

The consensus mark for HUN’s third-quarter earnings is currently pegged at 7 cents.

Nucor (NUE - Free Report) closed at $264.54 in the latest trading session, marking a +1.16% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.05%.

The steel company's stock has climbed by 6.45% in the past month, exceeding the Basic Materials sector's loss of 5.06% and the S&P 500's gain of 0.97%.

The investment community will be closely monitoring the performance of Nucor in its forthcoming earnings report. The company is scheduled to release its earnings on October 26, 2026. The company is expected to report EPS of $5.71, up 117.11% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $10.53 billion, reflecting a 23.59% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $19.62 per share and revenue of $40.6 billion. These totals would mark changes of +154.47% and +24.93%, respectively, from last year.

Investors should also take note of any recent adjustments to analyst estimates for Nucor. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.88% higher within the past month. Nucor is currently a Zacks Rank #1 (Strong Buy).

From a valuation perspective, Nucor is currently exchanging hands at a Forward P/E ratio of 13.33. This signifies a discount in comparison to the average Forward P/E of 13.61 for its industry.

We can additionally observe that NUE currently boasts a PEG ratio of 0.64. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Steel - Producers was holding an average PEG ratio of 0.6 at yesterday's closing price.

The Steel - Producers industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 75, positioning it in the top 31% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Nucor benefits from higher steel prices, robust end-market demand and strategic acquisitions, while capacity expansions and rising volumes support earnings growth.

Cleveland-Cliffs just posted its best quarter in three years, yet traders are fleeing the stock this morning while the broader steel sector sits nearly flat. Whether this selloff is a buying opportunity or a warning sign depends on one looming…

Shares of Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) are giving back part of the rally that followed the steelmaker’s strongest quarter in three years. Cleveland-Cliffs stock has dropped 6% to $13.31 as morning trading unfolds, falling far harder than the rest of the steel group.

Meanwhile, Critical Metals (NASDAQ:CRML) stock is down 2% to $6.37, a slide that trails the drop in Cleveland-Cliffs shares. At the same time, Nucor (NYSE:NUE) stock practically unchanged at $260.58.

Strongest Quarter in Three Years Sparks Profit Taking Cleveland-Cliffs reported Q3 2026 adjusted earnings per share (EPS) of $0.28 on Monday, exceeding the $0.24 consensus estimate. The company’s revenue reached $5.61 billion, slightly missing expectations of $5.72 billion.

Higher prices did the heavy lifting for Cleveland-Cliffs. Its average net selling price rose to $1,177 per ton from $1,124 in Q2 2026, pushing adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) past the company’s own guidance. CEO Lourenco Goncalves summed up the period. He stated, “Third quarter was our strongest quarter in three years, with adjusted EBITDA of $612 million, a number above the $575 million guidance we provided three months ago.”

Looking ahead, Cleveland-Cliffs expects Q4 2026 adjusted EBITDA of $715 million and projects the 2027 figure above $4 billion, citing newly signed customer contracts. Executives expect Q4 to top Q3 even with typical seasonal slowdowns and planned maintenance outages, and that outlook triggered a sharp rally in Cleveland-Cliffs stock on Monday, while the decline now under way reads as profit taking after that run.

One soft spot sits in Canada, where Cleveland-Cliffs plans to indefinitely idle the galvanizing lines at its Stelco unit amid an oversupplied market. Management stated that an improving Canadian hot-rolled market turned Stelco into a positive EBITDA contributor in Q3, which keeps the setback contained to one product line.

Contract Resets Anchor the 2027 Outlook On the earnings call, Cleveland-Cliffs management described its 2027 contract renewals as the most important positive development since the previous update, with those deals covering most light flat-rolled steel use outside automotive. More than half of the contracts were signed as of the call, and 55% to 60% of clients had already agreed to take-or-pay terms. Customers are focused more on securing volume than on price, management stated.

Trade policy supports that pitch for Cleveland-Cliffs, with executives maintaining that imports remain 35% to 40% below levels seen before the 50% Section 232 steel tariffs. Cleveland-Cliffs also ruled out a share sale, with management declaring, “We are not going to issue stock. We don’t need to.”

Steel Fund Barely Budges as Cleveland-Cliffs Slides The VanEck Steel ETF (NYSEARCA:SLX) is basically unchanged at $103.21, so sector-level concerns don’t explain the decline in Cleveland-Cliffs shares today. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.66% to $771.54, which shows the broad market heading higher. The SLX ETF also holds big global miners and foreign steelmakers, so its flat performance reflects a far wider basket.

Cleveland-Cliffs runs an integrated steel operation that also includes Stelco, while Nucor focuses on domestic production. Nucor stock’s modest dip and the small decline in SLX point to selling concentrated in Cleveland-Cliffs shares, a pattern consistent with profit taking after a big run.

Q4 Forecast Is the Next Hurdle for Cleveland-Cliffs Cleveland-Cliffs now faces the question of whether Q4 adjusted EBITDA lands where the company forecast. Management at Cleveland-Cliffs expects its newly signed customer contracts to lift profit sharply in 2027, giving the bull case a clear benchmark.

Heavy borrowing supports the bear case for Cleveland-Cliffs, which is targeting leverage under 2.5x net debt to EBITDA by mid-2027. Traders may prefer to keep their exposure smaller until the post-earnings swing in Cleveland-Cliffs stock resolves.

Contact [email protected] for any questions or corrections.

Investors expecting a mundane Q3 report from Nucor (NUE) early next week could be in for a surprise. The stock's multiple and trading volumes have cooled off significantly in recent months as conditions remain highly supportive. Recent Q3 guidance came as a disappointment, but it doesn't change the underlying thesis for NUE.

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What is the Zacks Rank?The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.

Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.

Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.

Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.

Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.

Each one of these factors is given a raw score that's recalculated every night, and then compiled into the Zacks Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."

The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.

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Let's take a look at Nucor (NUE - Free Report) , which was added to the Zacks Rank #1 list on October 14, 2026. Headquartered in Charlotte, NC, Nucor Corporation is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States. It also produces direct reduced iron (“DRI”) that is used in its steel mills. The company has 123 operating facilities, primarily in the United States and Canada. Also, most of its operating facilities and customers are located in North America.

For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.19 to $19.62 per share. NUE boasts an average earnings surprise of 9.8%.

Earnings are forecasted to see growth of 154.5% for the current fiscal year, and sales are expected to increase 24.9%.

Even more impressive, NUE has gained in value over the past four weeks, up 3.2% compared to the S&P 500's gain of 1.5%.

Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Nucor should be on investors' shortlist.

If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.

Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>

Vancouver, British Columbia--(Newsfile Corp. - October 14, 2026) - NUE Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: NUE1) ("NUE" or the "Company") is pleased to announce the appointment of the Honourable Tony Clement, P.C., to its Board of Directors, effective October 14, 2026.

Mr. Clement brings decades of senior public service at the federal and provincial levels, together with involvement in Canada's nuclear and Small Modular Reactor (SMR) sector. His appointment aligns directly with NUE's expanding focus on Saskatchewan and the Prairie provinces, where the Company is advancing new power generation opportunities, and where nuclear, including SMRs, has become a prominent part of the conversation on new generation.

Background

Mr. Clement served as a Member of Parliament from 2006 to 2019 and held several senior federal cabinet portfolios, including Minister of Health, Minister of Industry and President of the Treasury Board. Prior to federal office, he served as a cabinet minister in the Government of Ontario. He currently chairs the Advisory Board of the SMR Forum, which convenes industry, government and investment leaders on the deployment of small modular reactors in Canada and internationally.

Rationale and Market Context

Global power demand is accelerating, driven by electrification, industrial growth and AI-driven compute. Nuclear and SMR technology is emerging as a critical source of reliable, low-carbon baseload power, and jurisdictions across Canada and abroad are moving to establish frameworks for deployment. Mr. Clement's experience in public policy, intergovernmental relations and nuclear sector development will support NUE as it builds partnerships with governments, technology providers and capital partners in Canada and internationally.

NUE established its position in the Saskatchewan market earlier this year through a development property under agreement in the Regina region, announced on August 7, 2026.

On September 29, 2026, the Government of Saskatchewan released Delivering Energy Security Through Nuclear Power, setting out a phased transition from coal-fired generation to nuclear, a goal of at least 2,600 MW of nuclear generation by 2050, and further study of small modular reactors near Estevan. The plan strengthens the case for NUE's work in the province and reflects growing global interest in nuclear and SMR technologies.

Saskatchewan's move from coal to nuclear closely mirrors NUE's approach in Asia. The Company's Darkhan Energy Park in Mongolia is currently proposed as 600 MW of high-efficiency, low-emissions (HELE) coal-fired generation and 100 MW of battery storage, and nuclear, including SMR technology, is central to how NUE views the project's long-term path.

"We brought Tony onto the Board for two reasons: his depth of experience in government and public policy, and his leadership in nuclear and SMR development," said Broderick Gunning, CEO of NUE. "As NUE deepens its presence in Saskatchewan and across the Prairies, nuclear and SMR technology is increasingly part of the conversation on how new power gets built, alongside hybrid generation that combines solar, battery storage and natural gas. Tony's guidance will be a significant asset to the Company, both in Canada and abroad."

"I am pleased to join NUE's Board at a time when nuclear energy is gaining real momentum globally," said Mr. Clement. "Getting major energy projects built in Canada takes alignment between governments, communities and capital. That is where I have spent much of my career, and it is where I expect to be most useful to NUE's Board as the Company develops new generation in Saskatchewan and beyond. I look forward to working with Brodie and the team."

About NUE Power Corp.

NUE Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: NUE1) is an energy infrastructure development company focused on the origination, development, and advancement of integrated power and energy-park opportunities. Operating a develop-to-divest model, the Company emphasizes strategic site positioning, grid access, and disciplined stage-gated development across markets serving compute-intensive and large-load industrial demand.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding Mr. Clement's anticipated contribution to the Company, the Company's plans and activities in Saskatchewan and the Prairie provinces, the Regina development property and the closing of that transaction, the Government of Saskatchewan's nuclear plans, the development of the Darkhan Energy Park and its long-term path, and the potential role of nuclear and small modular reactor technology in the Company's business. Forward-looking information is based on management's current expectations and is subject to risks and uncertainties, including the Company's need for additional financing to fund its operations and development activities and the availability of that financing on acceptable terms or at all, regulatory approvals, partner arrangements and market conditions. The Company does not currently hold an interest in any nuclear or small modular reactor project, and there is no assurance that it will. The Regina transaction has not yet closed, and the Darkhan Energy Park, including any role for nuclear, is at an early stage. Actual results may differ materially.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release, which may contain "forward-looking statements", being statements about the future based on current expectations or beliefs. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318829

Source: NUE Power Corp.

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CHARLOTTE, N.C., Oct. 13, 2026 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair and Chief Executive Officer.

, /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it is expanding production at its Nucor Towers & Structures facility in Crawfordsville, Indiana, pending receipt of regulatory and other approvals. The additional $105 million investment will add capacity to manufacture utility poles and related products that support the nation's power transmission and distribution infrastructure. This investment is expected to create 100 new jobs paying average annual wages of $87,500.

"The expansion of our Indiana facility reflects the strong demand we are seeing in the utility market," said Leon Topalian, Chair and Chief Executive Officer of Nucor Corporation. "Utilities across the country are making significant investments to modernize the electric grid and meet growing electricity demand. By expanding our Crawfordsville operations and investing in advanced manufacturing and automation, we are strengthening our ability to serve our customers and support their long-term infrastructure needs."

The expansion includes more than 120,000 square feet of additional manufacturing space, incorporating advanced automation, modern production equipment, and the latest manufacturing technologies. These investments are designed to expand production capacity while supporting efficient, safe, and high-quality manufacturing operations as Nucor Towers & Structures continues to grow. Nucor Towers & Structures Indiana facility currently employs 328 teammates.

"We are proud to expand Nucor's presence in Indiana and build on the success of our Crawfordsville operations," said Laurent De Mey, Vice President and General Manager of Nucor Towers & Structures. "This investment will allow us to better serve our utility customers while creating high-quality jobs and supporting continued economic growth in the region. We appreciate the partnership of Governor Braun, the Indiana Office of Commerce, the Indiana Economic Development Corporation, the Montgomery County Council and Board of Commissioners, and other state and local leaders who have supported this project."

Nucor Towers & Structures was formed in 2022 following Nucor's acquisition of Summit Utility Structures LLC, which operated an existing production facility in Pennsylvania. Nucor subsequently built new Towers & Structures facilities in Alabama and Indiana and is currently constructing another facility in Utah. The company's facilities are highly automated and feature efficient, straight-line production processes and advanced hot-dip galvanizing operations.

Nucor employs approximately 2,600 teammates at more than a dozen locations across Indiana, including Nucor Steel Indiana, the company's first sheet mill, which began production in 1989.

About Nucor

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

SOURCE Nucor Corporation

Nucor Corporation (NYSE:NUE – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $276.07.

Several research firms have recently commented on NUE. The Goldman Sachs Group decreased their price objective on Nucor from $304.00 to $302.00 and set a “buy” rating for the company in a report on Friday, September 18th. Wall Street Zen downgraded shares of Nucor from a “strong-buy” rating to a “buy” rating in a research report on Saturday. KeyCorp upgraded shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price target for the company in a research note on Wednesday, June 24th. Weiss Ratings upgraded shares of Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Finally, Barclays upped their price objective on shares of Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th.

Get Our Latest Stock Analysis on NUE

Nucor Price Performance NUE stock opened at $236.46 on Wednesday. The stock has a market capitalization of $53.65 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.89 and a beta of 1.87. The company’s 50-day moving average is $256.37 and its 200-day moving average is $230.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor has a 1 year low of $131.32 and a 1 year high of $280.11. Nucor (NYSE:NUE – Get Free Report) last issued its earnings results on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. The business had revenue of $10.40 billion during the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.60 EPS. Equities research analysts expect that Nucor will post 18.29 EPS for the current fiscal year.

Nucor Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s payout ratio is presently 17.86%.

Trending Headlines about Nucor Here are the key news stories impacting Nucor this week:

Positive Sentiment: Nucor is seeking to join a Federal Energy Regulatory Commission proceeding concerning MISO power-market rules. The effort could potentially improve power-cost visibility or protect the competitiveness of the company’s electric-arc-furnace operations. Nucor Moves To Join FERC Fight Over MISO Power Rules Neutral Sentiment: Analyst estimates still anticipate roughly a 60% earnings rebound, while Nucor’s longer-term performance has benefited from higher steel prices, capacity expansion and acquisitions. However, those positives were overshadowed by the near-term outlook. Nucor Stock Estimates and Q3 Guidance Negative Sentiment: Nucor’s third-quarter earnings guidance of $5.55 to $5.65 per diluted share fell short of market expectations. Although steel mills and steel products were expected to improve sequentially, raw-material results were projected to weaken. The comparison is also pressured by nonrecurring second-quarter benefits, including a $61 million Helion investment gain and $130 million in raw-material procurement refunds. Nucor Falls on Softer Third-Quarter Guidance Negative Sentiment: A planned $15 billion foreign-owned steel mill in Iowa, expected to begin shipping steel in 2030, raises longer-term concerns about additional domestic capacity and competitive pressure for Nucor and other U.S. steelmakers. Iowa Steel Mill’s Impact on Nucor Negative Sentiment: Reported insider activity shows 26 open-market sales and no purchases during the past six months, which may reinforce investor caution, although the transactions may reflect compensation or portfolio decisions rather than a fundamental change in outlook. Insider Transactions at Nucor In other Nucor news, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the completion of the transaction, the executive vice president owned 16,138 shares in the company, valued at approximately $4,212,340.76. The trade was a 19.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value 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 represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows Several hedge funds have recently modified their holdings of the stock. Greenwich Wealth Management LLC bought a new stake in Nucor during the second quarter worth $247,000. QRG Capital Management Inc. lifted its stake in Nucor by 7.6% during the 2nd quarter. QRG Capital Management Inc. now owns 22,787 shares of the basic materials company’s stock valued at $5,076,000 after acquiring an additional 1,612 shares in the last quarter. Andra AP fonden lifted its stake in Nucor by 39.2% during the 2nd quarter. Andra AP fonden now owns 56,182 shares of the basic materials company’s stock valued at $12,515,000 after acquiring an additional 15,833 shares in the last quarter. Security National Bank of Sioux City Iowa IA boosted its holdings in Nucor by 17.0% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 14,393 shares of the basic materials company’s stock worth $3,206,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Talon Private Wealth LLC purchased a new position in Nucor during the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Company Profile (Get Free Report)

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.

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A $15 billion foreign-owned steel mill is rising in Iowa, and the moment its first steel ships in 2030, it will reshape the competitive landscape for two of America's biggest steelmakers in very different ways.

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On Monday, September 28, 2026, The White House announced that Mesabi Metallics will build a $15 billion steel mill in Iowa, starting at 7.5 million tons a year and rising to about 10 million tons. Mesabi is privately held and foreign-owned, so you cannot buy shares in it.

For Nucor (NYSE:NUE | NUE Price Prediction) and Cleveland-Cliffs (NYSE:CLF), the plant pressures price. First steel is expected in 2030, making this a valuation question today and an earnings question later, according to Mining.com.

Iowa Will Use the Electric Furnace Route Nucor Already Runs The mill will convert iron ore into direct reduced iron and melt it in electric arc furnaces. Nucor already runs electric arc furnaces, while Cleveland-Cliffs operates traditional integrated operations that management describes as “miners, pellet producers, iron makers, steel makers, and downstream manufacturers.”

The planned output is at about one-tenth of last year’s U.S. steel production. The Export-Import Bank of the United States announced a $770 million direct loan for the associated Minnesota iron ore mine, and administration officials tied the project to steel tariffs.

Cleveland-Cliffs already dropped 7.84% on September 28 after its Canadian unit, Stelco, reported plans to indefinitely idle cold-rolled and coated operations at Hamilton Works, affecting about 350 jobs. Stelco blamed the 50% U.S. tariff on Canadian steel.

Tariffs cut both ways. The regime propping up U.S. prices shrank Cliffs in Canada. Nucor fell 1.1% that day, a decline likely tied to the Iowa project.

Nucor Stays Profitable While Cliffs Is Still Rebuilding Nucor reported second-quarter adjusted EPS of $4.84 on $10.4 billion in sales. Its weak spot is expectations: on September 17, Nucor guided third-quarter EPS to $5.55 to $5.65, missing the $6.20 consensus, and shares fell about 5.8% the next day.

Cleveland-Cliffs lost $0.25 a share in the second quarter after a full-year 2025 loss of $1.4 billion. Cleveland-Cliffs guided third-quarter adjusted EBITDA to about $575 million from $286 million, suggesting a floor is forming, although $7.7 billion of long-term debt leaves little room for a price war when the first-steel date arrives around 2030.

Lens Nucor Cleveland-Cliffs Steelmaking process Electric arc furnaces Integrated blast furnaces Q2 per-share result $4.84 adjusted EPS, according to Nucor $0.25 loss Year-to-date stock move 50.77% -15.51% Should You Buy or Sell NUE Stock Nucor screens better than Cleveland-Cliffs on this setup: Iowa mirrors Nucor’s electric-furnace model, while integrated producers carry higher fixed costs. Nucor has gained 50.77% this year yet trades near 11 times forward earnings, with $244.52 under the average analyst target of $283.63.

Cliffs, at $11.23 and down 43.67% over five years, needs contract resets and debt paydown before Iowa’s output arrives. If management hits its leverage target of under 2.5x debt to EBITDA by mid-2027, or Nucor misses guidance, reconsider the ranking. I’d tag NUE stock a buy, and I’d avoid CLF stock for now.

Contact [email protected] for any questions or corrections.

Key Takeaways Nucor's shares gained 50.1% in six months, aided by strong earnings and Steel Mills strength.Nucor is expanding capacity and pursuing acquisitions to capture demand across key end markets.Higher steel prices and an upbeat third-quarter outlook are supporting expectations for stronger earnings. Nucor Corporation’s (NUE - Free Report) shares have gained 50.1% in the past six months. The company has also outperformed the Zacks Steel Producers industry’s 41% rise over the same time frame.

The gains partly reflect Nucor’s strong earnings in the second quarter on Steel Mills segment’s strength and an upbeat outlook for the third quarter. NUE is benefiting from healthy demand in key markets, actions to expand its production capabilities and higher steel prices.

Image Source: Zacks Investment Research

Let’s take a look into the factors that are driving NUE stock.

Expansion Actions & Acquisitions Aid Nucor StockNucor remains committed to boosting production capacity, which should drive profitable growth and strengthen its position as a low-cost producer. It is executing a series of growth projects to tap significant end-market demand. Nucor is seeing strong demand from non-residential construction & infrastructure, military & defense, and energy end markets and has a healthy order backlog. The company has already commissioned some of its growth projects with Gallatin and Brandenburg mills, showing strong production and shipment performance.

The construction of the 3,000,000 tons per annum (tpa) sheet mill with a low-cost profile in West Virginia, the company’s biggest ongoing project, is expected to be completed in late 2026 within production expected in 2027. The new 500,000 tpa galvanizing line at the Berkeley County sheet mill in South Carolina is also on track. Its third greenfield project in Utah is also on course for production commencement in 2027.

The company has been focusing on growth through strategic acquisitions over the past several years. The recent acquisition of Southwest Data Products expanded its growing portfolio of solutions for data center customers. The buyout of Rytec Corporation will also allow Nucor to further expand beyond its core steelmaking businesses into related downstream businesses. Adding high-performance doors is expected to create cross-selling opportunities with other Nucor businesses and significantly expand its product portfolio for the commercial space.

Higher Steel Prices Drive NUE’s MarginsHigher U.S. steel prices have created a favorable landscape for American steel producers. U.S. steel prices recovered in the fourth quarter of 2025, following the lows seen in the third quarter, and the momentum continues so far this year. Overall demand weakness and abundant steel mill output dragged benchmark hot-rolled coil (“HRC”) prices below $800 per short ton in late August 2025 and continued through early September.

HRC prices rebounded on major steel mills' price increases, extending lead times and tightening supply, partly due to plant outages and reduced imports driven by tariffs. The recovery, which has been more pronounced since November, has led to HRC prices surging to above $1,300 per short ton lately. With end-market demand remaining high, steel prices will likely continue to climb, benefiting U.S. steelmakers, including NUE, with higher profit margins.

Upbeat Outlook Adds to OptimismNUE recently announced its guidance for the third quarter of 2026. Earnings are projected to increase sequentially, supported by higher selling prices in the Steel Mills segment and higher volumes and higher average realized pricing in the Steel Products segment.

The company projects earnings for the quarter to range between $5.55 and $5.65 per share. Nucor reported net earnings per share of $5.04 and adjusted net earnings of $4.84 in the second quarter of 2026. Earnings were $2.63 per share in the third quarter of 2025.

Nucor anticipates improved sequential results due to higher earnings in its Steel Mills and Steel Products segments, partially offset by weaker performance in Raw Materials. The Steel Mills segment is expected to benefit from higher average selling prices and stable volumes.

NUE’s Zacks Rank & Key PicksNUE currently carries a Zacks Rank #3 (Hold).

Better-ranked stocks in the Basic Materials space are Ternium S.A.  (TX - Free Report) , Innospec Inc. (IOSP - Free Report) and Avient Corporation (AVNT - Free Report) . TX currently carries a Zacks Rank #1 (Strong Buy), while IOSP and AVNT carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Ternium’s current-year earnings stands at $6.54 per share, implying a 201.4% year-over-year increase. The consensus estimate for TX’s current-year earnings has moved up 14.5% over the past 60 days.

The Zacks Consensus Estimate for IOSP’s current-year earnings has moved up 3.9% over the past 60 days. Its earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, with the average surprise being 12.9%.

The Zacks Consensus Estimate for AVNT’s current-year earnings is pegged at $3.2 per share, indicating a 13.5% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, with the average surprise being 3.4%.

Key Takeaways Nucor projects Q3 earnings of $5.55-$5.65 per diluted share, up from $5.04 in the second quarter.Higher selling prices are expected to lift Nucor's Steel Mills segment results despite stable volumes.Nucor expects Steel Products gains from higher pricing and volumes, while Raw Materials results weaken. Nucor Corporation (NUE - Free Report) announced its guidance for the third quarter of 2026. For the quarter ending on Oct. 3, earnings are expected to increase sequentially, supported by higher selling prices in the Steel Mills segment and higher volumes and higher average realized pricing in the Steel Products segment.The company projects earnings for the quarter to range between $5.55 and $5.65 per share.

Nucor reported net earnings per share of $5.04 and adjusted net earnings of $4.84 in the second quarter of 2026. Earnings were $2.63 per share in the third quarter of 2025.

Nucor anticipates improved sequential results due to higher earnings in its Steel Mills and Steel Products segments, partially offset by weaker performance in Raw Materials. The Steel Mills segment is expected to benefit from higher average selling prices and stable volumes. Increased costs of products sold and the absence of its prior-period’s benefit derived from $130 million in cash refunds related to raw material procurement costs will weigh on the comparative performance. Meanwhile, higher volumes and pricing are expected to support the Steel Products segment. Raw Materials earnings are projected to decline due to lower pricing and shipments.

Nucor continues to return capital to shareholders by repurchasing shares during the third quarter. It repurchased approximately 2.03 million shares at an average price of $247.04 per share. Year to date, it has returned approximately $1.36 billion through share repurchases and dividend payments. Nucor plans to release its third-quarter results on Oct. 26, 2026.

NUE’s shares have gained 84.4% in the past year compared with the industry’s 69.2% rise in the same period.

Image Source: Zacks Investment Research

NUE’s Zacks Rank & Key PicksNUE currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Basic Materials space are Reliance, Inc. (RS - Free Report) , Kronos Worldwide, Inc. (KRO - Free Report) and Avient Corporation (AVNT - Free Report) .

While RS currently sports a Zacks Rank #1 (Strong Buy), KRO and AVNT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $22.23 per share, indicating a 55.89% year-over-year increase. RS’shares have gained 36.7% over the past year.

The Zacks Consensus Estimate for KRO’s 2026 earnings is pegged at 35 cents per share, indicating a rise of 136.46% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the rest, with an average surprise of 33.99%.

The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’s shares have gained 16.2% over the past year.

Nucor remains the best-run, lowest-cost, and most shareholder-friendly steelmaker, but I maintain a Hold rating, as most positives are priced in. Q2 results were outstanding—$10.4B revenue (+23% Y/Y), $4.84 EPS, and record steel mill shipments—yet Q3 guidance disappointed due to cost pressures, not demand. Valuation sits at a P/E of 20.97 and EV/EBITDA of 11.39, below some peers, with FCF yield improving but still slim versus post-COVID highs.

CHARLOTTE, N.C., Sept. 18, 2026 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.56 per share on Nucor's common stock.

, /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its third quarter ending October 3, 2026. Nucor expects third quarter earnings to be in the range of $5.55 to $5.65 per diluted share. Nucor reported second quarter 2026 net earnings of $5.04 and adjusted net earnings of $4.84, both per diluted share. Nucor reported $2.63 per diluted share in the third quarter of 2025.

Second quarter of 2026 results included a non-cash, pre-tax benefit of $61 million ($0.20 per diluted share) related to the increase in the valuation of our investment in Helion, a fusion energy company.

Third Quarter of 2026 Outlook Compared to the Second Quarter of 2026
Third quarter earnings are expected to increase in the steel mills and steel products segments, while decreasing in the raw materials segment. The expected increase in the steel mills segment is due to higher average selling prices and stable volumes, partially offset by higher costs of products sold. Second quarter steel mills segment earnings benefited from $130 million in cash refunds associated with prior periods' raw material procurement costs, and we do not expect a similar benefit in the third quarter. In the steel products segment, we expect increased earnings due to higher volumes and higher average realized pricing. Raw materials segment earnings are expected to decline on lower pricing and shipments. 

We expect higher corporate/eliminations expense in the third quarter, reflecting both the absence of the Helion valuation adjustment, and intersegment profit eliminations in line with the prior quarter.

Capital Returns
During the third quarter, Nucor has repurchased approximately 2.03 million shares at an average price of $247.04 per share. Nucor has returned approximately $1.36 billion to stockholders in the form of share repurchases and dividend payments year-to-date.

Third Quarter of 2026 Earnings Release and Conference Call
Nucor plans to release its earnings after the markets close on Monday, October 26, 2026, and will host a conference call the morning of Tuesday, October 27, 2026 at 10:00 a.m. Eastern Time to review the Company's third quarter results. The event will be broadcast on the internet, and instructions on how to access will be sent closer to the call.

About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

Non-GAAP Financial Measures
The Company uses certain non-GAAP (Generally Accepted Accounting Principles) financial measures in this news release, including adjusted net earnings per diluted share. Generally, a non-GAAP financial measure is a numerical measure of a company's performance or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable financial measure calculated and presented in accordance with GAAP.

For the second quarter of 2026, we defined adjusted net earnings per diluted share as net earnings per diluted share subtracting certain non-cash benefits (in this case, the per diluted share impact of the increase in the value of our investment in Helion), net of tax.  Please note that other companies might define their non-GAAP financial measures differently than we do.

Management presents the non-GAAP financial measure of adjusted net earnings per diluted share in this news release because it considers it to be an important supplemental measure of performance. Management believes that this non-GAAP financial measure provides additional insight for analysts and investors evaluating the Company's financial and operational performance by providing a consistent basis of comparison across periods.

Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to general market conditions, and in particular, prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties and volatility surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; (14) our ability to integrate businesses we acquire; and (15) the impact of any pandemic or public health situation. These and other factors are discussed in Nucor's regulatory filings with the United States Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2025. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.

Non-GAAP Financial Measures

Reconciliation of Adjusted Net Earnings Per Diluted Share (Unaudited)

Three Months (13 Weeks) Ended

July 4, 2026

Net earnings per diluted share

$

5.04

Subtract non-cash benefit, net of tax, per diluted share

0.20

Adjusted net earnings per diluted share

$

4.84

SOURCE Nucor Corporation

Corient Private Wealth LP lowered its stake in Nucor Corporation (NYSE:NUE – Free Report) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,231 shares of the basic materials company’s stock after selling 4,595 shares during the period. Corient Private Wealth LP’s holdings in Nucor were worth $15,199,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Nucor in the second quarter valued at about $4,452,563,000. Norges Bank bought a new stake in Nucor during the 4th quarter worth about $609,002,000. Bank of America Corp DE bought a new stake in Nucor during the 2nd quarter worth about $462,886,000. Dimensional Fund Advisors LP lifted its position in Nucor by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after purchasing an additional 22,718 shares during the period. Finally, Berkshire Hathaway Inc acquired a new position in Nucor during the 2nd quarter valued at about $413,814,000. Institutional investors own 76.48% of the company’s stock.

Insiders Place Their Bets In other Nucor news, EVP Thomas J. Batterbee sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the transaction, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stephen D. Laxton sold 3,968 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the sale, the chief operating officer owned 77,867 shares in the company, valued at approximately $20,008,704.32. This represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets Several brokerages recently weighed in on NUE. Morgan Stanley set a $270.00 price objective on shares of Nucor in a report on Wednesday, July 29th. KeyCorp raised shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 target price for the company in a report on Wednesday, June 24th. Bank of America dropped their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Seaport Research Partners increased their price target on Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Zacks Research lowered Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Nucor has an average rating of “Moderate Buy” and a consensus price target of $274.38. View Our Latest Research Report on NUE

Nucor Trading Up 1.6% Shares of NYSE:NUE opened at $258.61 on Wednesday. The firm has a market cap of $58.67 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.92 and a beta of 1.87. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11. The company’s fifty day simple moving average is $252.97 and its 200 day simple moving average is $225.44. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE – Get Free Report) last announced its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.Nucor’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.60 EPS. As a group, research analysts forecast that Nucor Corporation will post 18.52 EPS for the current fiscal year.

Nucor Profile (Free Report)

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.

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Amundi lessened its stake in Nucor Corporation (NYSE:NUE – Free Report) by 21.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 517,958 shares of the basic materials company’s stock after selling 142,511 shares during the quarter. Amundi owned about 0.23% of Nucor worth $115,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC acquired a new stake in shares of Nucor in the 2nd quarter valued at $25,000. Stance Capital LLC acquired a new stake in Nucor in the third quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new stake in Nucor in the second quarter valued at about $27,000. Strive Financial Group LLC bought a new position in Nucor in the fourth quarter valued at about $27,000. Finally, Bell Investment Advisors Inc bought a new position in Nucor in the second quarter valued at about $28,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Performance Shares of Nucor stock opened at $257.99 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Corporation has a twelve month low of $131.32 and a twelve month high of $280.11. The stock has a market cap of $58.53 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 0.95 and a beta of 1.87. The company’s fifty day moving average is $250.27 and its 200 day moving average is $223.20.

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. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The company had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The business’s quarterly revenue was up 23.0% on a year-over-year basis. Sell-side analysts forecast that Nucor Corporation will post 17.95 EPS for the current year. Nucor News Summary Here are the key news stories impacting Nucor this week:

Positive Sentiment: JPMorgan raised its price target. JPMorgan Chase increased its target for Nucor from $294 to $308 and upgraded the stock to “overweight,” implying substantial potential upside from the recent trading level. JPMorgan raises Nucor price target Neutral Sentiment: Nucor remains one of the steel stocks favored to navigate industry challenges. Zacks noted sluggish Chinese activity and muted demand in some end markets, but identified Nucor, ArcelorMittal, Steel Dynamics and F.W. Industries as companies positioned to manage the difficult environment. Steel producer stocks to watch Negative Sentiment: Zacks Research reduced its 2027 earnings forecasts. Estimates were lowered for every quarter and for full-year 2027: annual EPS was cut to $18.83 from $19.15, while quarterly reductions included Q1 EPS to $4.95, Q2 to $5.16, Q3 to $5.23 and Q4 to $3.50. Zacks maintained a “hold” rating, signaling limited conviction despite the long-term earnings outlook. Negative Sentiment: Recent trading performance had been relatively weak. Nucor previously closed at $256.40 after a 1.79% decline and underperformed some steel-sector peers, reflecting investor sensitivity to market-wide pressure and concerns about demand conditions. Nucor declines more than market Insider Activity In other Nucor news, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer directly owned 77,867 shares of the company’s stock, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. The trade was a 19.86% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In NUE has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Nucor from $294.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday. Seaport Research Partners lifted their price target on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. CICC Research assumed coverage on shares of Nucor in a research report on Monday, May 25th. They set an “outperform” rating for the company. Morgan Stanley set a $270.00 price objective on shares of Nucor in a research note on Wednesday, July 29th. Finally, BMO Capital Markets raised their target price on shares of Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.38.

Read Our Latest Stock Report on NUE

Nucor Profile (Free Report)

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.

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Nucor (NUE - Free Report) closed the most recent trading day at $256.40, moving -1.79% from the previous trading session. This move lagged the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.

Heading into today, shares of the steel company had lost 4.93% over the past month, lagging the Basic Materials sector's gain of 2.77% and the S&P 500's loss of 0.36%.

Analysts and investors alike will be keeping a close eye on the performance of Nucor in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.46, signifying a 107.60% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10.43 billion, up 22.4% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.95 per share and revenue of $39.98 billion, indicating changes of +132.81% and +23.05%, respectively, compared to the previous year.

Investors should also take note of any recent adjustments to analyst estimates for Nucor. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.41% lower. Right now, Nucor possesses a Zacks Rank of #3 (Hold).

Investors should also note Nucor's current valuation metrics, including its Forward P/E ratio of 14.54. This represents a premium compared to its industry average Forward P/E of 14.34.

We can additionally observe that NUE currently boasts a PEG ratio of 0.97. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Steel - Producers industry had an average PEG ratio of 0.46 as trading concluded yesterday.

The Steel - Producers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 33% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Chasing the highest yield is usually how income investors get burned, but these three NYSE industrials take a different approach that makes their dividend safety almost unfair to competitors.

Income investors often chase yield and get punished for it. The safer path is finding companies whose earnings and free cash flow tower over what they actually pay out, leaving room for raises even when the cycle turns. That is exactly the setup across these three NYSE-listed industrials. Parker Hannifin just delivered fiscal 2026 free cash flow of $3.9 billion against dividends paid of nearly $1 billion, a coverage ratio most high-yielders can only dream about. Here is why these three earn far more than they distribute, and what that means for the checks landing in your account.

Nucor (NUE): Steel’s Cash Machine Keeps Compounding Nucor (NYSE:NUE | NUE Price Prediction) pays a quarterly dividend of $0.56 per share, good for a yield of roughly 0.88% at a recent price of $251.65. The yield is modest, but the coverage is enormous. Nucor earned $4.84 in adjusted EPS in a single quarter against that $0.56 payout, and TTM EPS of $12.42 against an annualized forward dividend of $2.24.

Free cash flow was $829 million in Q2, described by management as its strongest quarter since 2023. Nucor ended the period with approximately $2.7 billion in cash, $3.4 billion in liquidity, and total debt at just 23% of capital, with what management calls the strongest credit ratings of any North American steel producer. The dividend history shows quarterly payments running from 1999 through 2026, with the quarterly amount stepping from $0.50 in 2022 to $0.56 today. That is a long, unbroken record of quarterly dividends and multiple recent increases.

The bull case: shipments hit a record 7.1 million tons, Section 232 tariffs have cut finished-steel imports 25% year-over-year, and CapEx moderation should push free cash flow higher into 2027. Management has committed to returning at least 40% of net earnings to shareholders annually. The risk is unmistakable: steel is cyclical, and pricing can turn quickly if world capacity floods back.

Dover (DOV): Diversified Industrial With a Long Payout Ladder Dover (NYSE:DOV) yields 1.03% at a recent price of $198.68, with a quarterly dividend of $0.52. Adjusted EPS came in at $2.74 in Q2 alone, meaning the quarterly payout consumes less than a fifth of quarterly earnings. TTM EPS of $8.15 against an annualized forward dividend of $2.08 leaves an enormous cushion.

Year-to-date free cash flow of $320 million is up 23% year-over-year, and management guides to full-year FCF at 14% to 16% of revenue. CFO commentary called the balance sheet “a competitive advantage.” The dividend record shows an unbroken ladder of quarterly increases from $0.44 in 2016 up through the current $0.52, with the most recent step coming in the payment dated August 2025.

All five segments posted positive organic growth in Q2 making for a solid bull case, bookings rose 16% year-over-year with a book-to-bill of 1.06, and secular-growth markets like data-center liquid cooling, biopharma, and CO2 refrigeration now represent roughly 25% of the portfolio. However, a facility-consolidation execution issue in refrigeration trimmed organic growth by roughly a point in Q2, a reminder that operational hiccups can bite even a well-run conglomerate.

Parker Hannifin (PH): 70 Straight Fiscal Years of Rising Dividends Parker Hannifin (NYSE:PH) yields 0.73% at a recent price of $995.02, with a quarterly dividend just raised to $2.00. The Q4 filing verified the milestone: 70 consecutive fiscal years of increasing annual dividends, the kind of streak we screen for in our free Dividend Kings report. Coverage is not close: TTM EPS of $28.06, with full-year adjusted EPS of $32.31, against an annualized dividend now running at $7.40.

Cash generation is what makes this attractive. Fiscal 2026 operating cash flow was a record $4.4 billion, free cash flow hit a record $3.9 billion (up 17%), and free-cash-flow conversion reached 107%. Parker returned nearly $2 billion to shareholders across dividends and buybacks and still cut debt by $1 billion in the quarter, taking net leverage to 1.4 times adjusted EBITDA.

The bull case is anchored by aerospace, where segment sales hit a record $1.9 billion at 29.8% margin and backlog reached a record $8.5 billion. Management raised its fiscal 2031 adjusted segment operating margin target to 30%, from 27%. The implied risk comes with integration: pending acquisitions of Filtration Group and CIRCOR’s commercial aerospace business could push net leverage back toward three times before working back down over roughly six quarters.

Bottom Line for Income Investors These three offer modest headline yields paired with the kind of coverage that lets a dividend keep rising through recessions, tariff fights, and CapEx cycles. Nucor’s cash flow inflection, Dover’s broad organic growth, and Parker Hannifin’s 70-year raise streak all point to the same conclusion: earnings and free cash flow well in excess of the payout are the real definition of dividend safety. For retirees prioritizing durability over headline yield, this trio is built for the long haul.

Contact [email protected] for any questions or corrections.

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Bank of New York Mellon Corp acquired a new position in Nucor Corporation (NYSE:NUE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,485,531 shares of the basic materials company’s stock, valued at approximately $330,902,000. Bank of New York Mellon Corp owned about 0.65% of Nucor at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Strive Financial Group LLC bought a new stake in Nucor in the 4th quarter valued at $27,000. Stance Capital LLC acquired a new stake in Nucor during the third quarter worth about $25,000. Bartlett & CO. Wealth Management LLC increased its stake in Nucor by 49.2% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. Mcguire Capital Advisors Inc. bought a new position in Nucor during the fourth quarter valued at about $32,000. Finally, Motiv8 Investments LLC acquired a new position in Nucor in the 4th quarter valued at approximately $32,000. 76.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth Several analysts have recently weighed in on the company. Wall Street Zen raised Nucor from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. BNP Paribas Exane upped their price objective on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Morgan Stanley set a $270.00 price objective on Nucor in a research note on Wednesday, July 29th. Jefferies Financial Group upped their price objective on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.31.

Check Out Our Latest Report on Nucor Nucor Trading Up 1.4% Shares of NYSE NUE opened at $243.89 on Friday. The stock has a market cap of $55.33 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.89. The firm has a 50 day moving average price of $246.88 and a two-hundred day moving average price of $216.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. Nucor Corporation has a 52-week low of $131.32 and a 52-week high of $280.11.

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

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

Insider Activity In related news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total value of $2,729,337.60. Following the completion of the transaction, the executive vice president directly owned 97,865 shares of the company’s stock, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Stephen D. Laxton sold 3,968 shares of Nucor stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares of the company’s stock, valued at $20,008,704.32. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 18,528 shares of company stock worth $4,793,035. 0.62% of the stock is currently owned by insiders.

Nucor Company Profile (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.

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.

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20.8.2026 19:01

Index Dow Jones -0,76 % na 53054,15 b. S&P 500 -0,33 % na 7682,21 b. Nasdaq Composite -0,67 % na 26155,78 b.

Americké ministerstvo financí oznámilo záměr zvýšit likviditu a podpořit poptávku po dlouhodobých US dluhopisech se splatností 10–30 let. Cílem je snížit jejich výnosy. Nepřímá intervence bude mít podobu masivního zvýšení jejich zpětných odkupů po překonání psychologické hranice USD 40 bilionů státního deficitu. Objem bude navýšen ze max. 2 mld. na min. 4 mld dolarů pro jednotlivé operace.

Z indexu S&P 500 se nejlépe daří sektoru energií kvůli geopolitice. Trump oznámil ekonomickou válku a izolaci bezprecedentního rozsahu Iránu, kdy plánuje postihovat všechny jeho spojence a obchodní partnery. Futures na ropu opět rostou. WTI se obchoduje u USD 86,3 při růstu 2,3 %. Při růstu cen ropy si zisky připisují Exxon Mobile (1,6 %) i Chevron (0,8 %).

Naopak klesá sektor nezbytné spotřeby, kde Walmart (- 8,9 %) reportoval výsledky za Q2. Společnost překonala očekávání v tržbách i zisku, který dosáhl USD 0,81 na akcii. Negativní reakci vyvolalo zpomalení růstu návštěvnosti prodejen z 3 % na 1,5 %. Výhled zisku na následující kvartál nedosahuje při 62–64 centů na analytické odhady. Rovněž se začínají projevovat zvýšené náklady na pohonné hmoty.

Merck & Co (- 0,4 %) dnes obdržel zvýšení investičního doporučení od Morgan Stanley na stupeň Overweight s cílovou cenou USD 179. Hlavním důvodem je pozitivní změna pohledu u onkologické léčby vyvíjenou s Modernou, která dnes po včerejším raketovém růstu odevzdává část zisku a ztrácí 26 %.

Waymo představil vlastní čip pro robotaxi. Smyslem je snížení nákladů a důraz na vyšší efektivitu zpracování dat ze senzorů Waymo cílí na milion jízd týdně. Alphabet na zprávu reaguje vlažně a odepisuje 1 %.

Objevila se zpráva, že USA a Kanada jsou blízko nové obchodní dohody, která by mohla snížit americké clo na kanadskou ocel a hliník na 25 %. Steel Dynamics (- 4,5 %) a Nucor (- 2,9 %) reagují poklesem.

Index S&P 500 -0,33 % na 7682,21 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +0,9 % Zbytná spotřeba -1,3 % Reality +0,4 % Nezbytná spotřeba -1,3 % Základní materiály +0,3 % Zdravotní péče -0,8 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Deere (DE) +8,8 % Moderna (MRNA) -26 % Coinbase Global (COIN) +8,8 % Walmart (WMT) -8,8 % Nordson Corp (NDSN) +6,9 % GE Vernova (GEV) -4,5 % CF Industries Holdings (CF) +6,1 % Steel Dynamics (STLD) -4,4 % Lumentum Holdings (LITE) +5,0 % AutoZone (AZO) -4,3 %
Marek Kameništiak
Fio banka, a.s.
Prohlášení

Berkshire Hathaway (BRKA +0.83%) (BRKB +0.95%) recently filed its latest Form 13F with the Securities and Exchange Commission, detailing what its equity holdings were at the end of the second quarter.

Investors are always curious about what Berkshire has been buying and selling because its former chief, Warren Buffett, is widely considered one of the greatest investors of all time.

Now that he has stepped down as CEO, however, the market is even more focused on his handpicked successor, Greg Abel, who has been CEO of Berkshire since the start of the year and has already begun making some big changes at the company.

In Q2, Abel sold over 50% of Berkshire's stake in Nucor (NUE -3.11%) and piled into another artificial intelligence (AI) stock -- one that billionaire investor Bill Ackman just exited.

Warren Buffett: Image source: The Motley Fool.

One of Buffett's core investing philosophies is that Berkshire should buy stocks it can hold forever. But it's a high threshold to meet that bar, and often, companies don't.

That appears to be the case for Nucor, the largest U.S. steelmaker. Berkshire purchased around 5.75 million shares of it at the beginning of 2025 and has since sold more than two-thirds of that initial investment over the past two quarters, including over half of its position in Q2.

The stock has performed well, including a nearly 62% gain so far in 2026 and a roughly 82% gain over the past 12 months. Nucor has been swept into the AI trade due to increasing demand for steel from the companies that are building data centers.

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In Q2, Nucor's earnings before income taxes and noncontrolling interests surged by about 48% from the prior quarter, driven by strong growth across its operations. The company's largest division, steel mills, saw strong demand and higher prices.

Given that, it's hard to say exactly why Abel and the investment team at Berkshire decided to cut the conglomerate's stake in Nucor. It's obviously not a core position, so Abel and his team are likely taking gains, or perhaps they think that its earnings growth is bound to slow down.

Alphabet: An interesting time to be moving into the stock Even before the deadline for filing 13F forms arrived, we already knew Berkshire had significantly increased its position in Alphabet (GOOG -0.05%)(GOOGL +0.06%) in Q2, given the $10 billion private placement announced at the start of June. But it looks like Berkshire also purchased an additional $7 billion of shares in the open market.

Alphabet is now the third-largest position in Berkshire's portfolio, sitting only behind Apple and American Express.

Earlier this year, Buffett said during a CNBC interview that he had been the one to initiate the conglomerate's initial Alphabet position in 2025. But it has been under Abel's watch that it grew into a top-three position in Berkshire's portfolio. (However, Buffett, who remains the executive chairman of Berkshire's board of directors, could still be behind the move.)

Either way, it's an interesting time to be buying Alphabet, given that the stock hit an all-time high in May of this year and is up nearly 150% over the past five years.

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Some large hedge fund managers have begun to take their gains on Alphabet, notably Bill Ackman, whose fund Pershing Square Capital Management exited its position in the tech giant over the past two quarters.

On May 16, after selling most of Pershing Square's Alphabet position in the first quarter of the year, Ackman tweeted on X:

To be clear, our sale of $GOOG was not a bet against the company. We are very bullish long term on Alphabet. But at current valuations and in light of our finite capital base, we used $GOOG as a source of funds for $MSFT.

An investment in Alphabet is a clear bet on AI at this point, and the company is planning to spend potentially north of $200 billion on AI capital expenditures this year alone. Still, the company does have many other strong tech businesses, including YouTube, Waymo, cloud, search and advertising, and a custom chip business.

It's possible that Buffett and Abel see Alphabet as a forever stock.

Buffett has long believed in buying wonderful companies at fair prices, so while Alphabet may not have as much upside over, say, the next year, which might make it unattractive to more near-term-minded hedge funds, the Berkshire team likely still believes they are getting in at a good price over the long term.