Nucor Co. (NYSE:NUE) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its holdings in shares of Nucor Co. (NYSE:NUEFree Report) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,128 shares of the basic materials company’s stock after selling 218 shares during the period. Stephens Inc. AR’s holdings in Nucor were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Chilton Capital Management LLC grew its holdings in Nucor by 94.2% in the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock worth $27,000 after buying an additional 65 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Nucor in the first quarter worth $28,000. McClarren Financial Advisors Inc. raised its stake in shares of Nucor by 129.0% during the second quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in Nucor in the third quarter worth about $30,000. Finally, HHM Wealth Advisors LLC grew its position in Nucor by 769.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 226 shares of the basic materials company’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NUE has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a report on Wednesday, September 18th. Argus raised Nucor to a “strong-buy” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their price objective on Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Morgan Stanley lowered their target price on Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.57.

Check Out Our Latest Research Report on NUE

Insider Buying and Selling at Nucor

In other news, EVP Kenneth Rex Query sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Nucor Trading Up 1.4 %

NYSE:NUE opened at $144.61 on Wednesday. Nucor Co. has a 1-year low of $133.42 and a 1-year high of $203.00. The stock has a fifty day simple moving average of $147.29 and a 200 day simple moving average of $155.87. The company has a quick ratio of 1.61, a current ratio of 2.59 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $34.32 billion, a price-to-earnings ratio of 13.97 and a beta of 1.55.

Nucor (NYSE:NUEGet Free Report) last posted its earnings results on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the previous year, the firm posted $4.57 earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. Sell-side analysts forecast that Nucor Co. will post 8.65 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, September 27th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 1.49%. Nucor’s payout ratio is 20.87%.

About Nucor

(Free Report)

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.

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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