Nucor Co. (NYSE:NUE) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. cut its holdings in Nucor Co. (NYSE:NUEFree Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,242 shares of the basic materials company’s stock after selling 5,345 shares during the period. Braun Stacey Associates Inc. owned about 0.05% of Nucor worth $23,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Nucor during the third quarter worth about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Nucor during the first quarter worth about $32,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Nucor during the second quarter worth about $39,000. Chilton Capital Management LLC increased its position in shares of Nucor by 260.9% during the second quarter. Chilton Capital Management LLC now owns 249 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 180 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Nucor by 2,410.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 241 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Nucor from $151.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 12th. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $180.00 to $240.00 in a research report on Wednesday, March 13th. UBS Group began coverage on Nucor in a research report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $186.67.

View Our Latest Stock Report on Nucor

Nucor Price Performance

Shares of NUE opened at $200.15 on Thursday. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $202.89. The stock’s 50 day moving average is $187.48 and its two-hundred day moving average is $170.05. The firm has a market capitalization of $48.03 billion, a PE ratio of 11.13 and a beta of 1.61. The company has a current ratio of 3.57, a quick ratio of 2.35 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUEGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the previous year, the company earned $4.89 EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. Research analysts anticipate that Nucor Co. will post 14.03 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio is presently 12.01%.

Insider Buying and Selling at Nucor

In other Nucor news, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares in the company, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,151 shares of company stock valued at $7,308,683. 0.46% of the stock is owned by corporate insiders.

Nucor Profile

(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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