Nucor Co. (NYSE:NUE) Stock Holdings Increased by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc increased its holdings in Nucor Co. (NYSE:NUE) by 21.3% during the first quarter, Holdings Channel reports. The firm owned 149,173 shares of the basic materials company’s stock after purchasing an additional 26,235 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Nucor were worth $17,944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Whipplewood Advisors LLC raised its holdings in shares of Nucor by 18,171.4% in the 1st quarter. Whipplewood Advisors LLC now owns 2,558 shares of the basic materials company’s stock worth $308,000 after purchasing an additional 2,544 shares in the last quarter. Planned Solutions Inc. raised its holdings in shares of Nucor by 9.2% in the 1st quarter. Planned Solutions Inc. now owns 2,249 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 190 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of Nucor by 6.7% during the first quarter. RFG Advisory LLC now owns 2,393 shares of the basic materials company’s stock valued at $288,000 after acquiring an additional 150 shares during the period. InvesTrust raised its holdings in shares of Nucor by 1.8% during the first quarter. InvesTrust now owns 38,377 shares of the basic materials company’s stock valued at $4,618,000 after acquiring an additional 680 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of Nucor by 132,300.0% during the first quarter. NBC Securities Inc. now owns 1,324 shares of the basic materials company’s stock valued at $159,000 after acquiring an additional 1,323 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Performance

NUE stock opened at $120.54 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $27.81 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 0.96 and a beta of 1.73. Nucor Co. has a 12 month low of $97.59 and a 12 month high of $170.52. The firm has a 50 day moving average of $113.89 and a two-hundred day moving average of $125.25.

Nucor (NYSE:NUE) last posted its earnings results on Monday, April 28th. The basic materials company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.15). The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. Nucor had a return on equity of 9.85% and a net margin of 6.60%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.46 earnings per share. As a group, equities analysts anticipate that Nucor Co. will post 7.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NUE. Morgan Stanley set a $164.00 price target on shares of Nucor in a report on Monday, March 24th. Wall Street Zen lowered shares of Nucor from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on shares of Nucor from $156.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group cut their price target on shares of Nucor from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Finally, BMO Capital Markets upgraded shares of Nucor from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $140.00 to $145.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.22.

Insiders Place Their Bets

In related news, CEO Leon J. Topalian sold 34,238 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the completion of the sale, the chief executive officer now directly owns 162,993 shares of the company’s stock, valued at approximately $19,590,128.67. This represents a 17.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Nucor 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.