Fisher Asset Management LLC Has $26.72 Million Position in Nucor Co. (NYSE:NUE)

Fisher Asset Management LLC lifted its holdings in shares of Nucor Co. (NYSE:NUE) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 153,521 shares of the basic materials company’s stock after purchasing an additional 5,892 shares during the period. Fisher Asset Management LLC’s holdings in Nucor were worth $26,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NUE. Criterion Capital Advisors LLC bought a new stake in Nucor during the 4th quarter worth about $25,000. Valley National Advisers Inc. increased its holdings in shares of Nucor by 716.7% in the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 172 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Nucor by 36.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 59 shares in the last quarter. Private Wealth Management Group LLC bought a new position in Nucor in the 4th quarter worth approximately $38,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Nucor by 2,410.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after buying an additional 241 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor Price Performance

Shares of NUE stock opened at $157.43 on Tuesday. The firm has a market capitalization of $37.75 billion, a price-to-earnings ratio of 9.26 and a beta of 1.60. Nucor Co. has a 12-month low of $140.07 and a 12-month high of $203.00. The company has a quick ratio of 2.48, a current ratio of 4.02 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $173.48 and a 200-day moving average of $178.48.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.62 by ($0.16). Nucor had a return on equity of 19.62% and a net margin of 12.40%. The business had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the company earned $4.45 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Nucor Co. will post 11.96 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, June 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, June 28th. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Insider Transactions at Nucor

In related news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total value of $609,092.15. Following the completion of the transaction, the insider now directly owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the sale, the executive vice president now directly owns 120,738 shares in the company, valued at $23,351,936.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now directly owns 24,873 shares in the company, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on NUE. JPMorgan Chase & Co. dropped their target price on Nucor from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. BMO Capital Markets cut their target price on shares of Nucor from $185.00 to $175.00 and set a “market perform” rating on the stock in a research report on Monday. Jefferies Financial Group started coverage on shares of Nucor in a research report on Monday, May 20th. They set a “hold” rating and a $190.00 price target for the company. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $188.38.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.