Robeco Institutional Asset Management B.V. Sells 194,620 Shares of Nucor Co. (NYSE:NUE)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Nucor Co. (NYSE:NUE) by 55.5% during the 3rd quarter, Holdings Channel reports. The fund owned 155,784 shares of the basic materials company’s stock after selling 194,620 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nucor were worth $23,421,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of Nucor by 29.7% during the second quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the basic materials company’s stock valued at $456,030,000 after purchasing an additional 660,866 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Nucor during the 3rd quarter valued at $74,829,000. International Assets Investment Management LLC increased its holdings in shares of Nucor by 14,525.9% in the 3rd quarter. International Assets Investment Management LLC now owns 326,889 shares of the basic materials company’s stock valued at $49,144,000 after acquiring an additional 324,654 shares during the period. Swedbank AB bought a new position in shares of Nucor in the 1st quarter worth $37,395,000. Finally, Captrust Financial Advisors lifted its stake in shares of Nucor by 23.5% during the 1st quarter. Captrust Financial Advisors now owns 804,150 shares of the basic materials company’s stock worth $159,141,000 after purchasing an additional 153,077 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NUE. Argus upgraded shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. BMO Capital Markets reduced their price objective on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, September 18th. JPMorgan Chase & Co. decreased their target price on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Morgan Stanley cut their price target on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $190.57.

Nucor Stock Up 1.4 %

NYSE:NUE opened at $144.61 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. Nucor Co. has a twelve month low of $133.42 and a twelve month high of $203.00. The company has a market cap of $34.32 billion, a PE ratio of 13.97 and a beta of 1.55. The company’s 50 day moving average is $147.29 and its two-hundred day moving average is $155.87.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 21st. The basic materials company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.09. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.28 billion. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.57 earnings per share. Analysts anticipate that Nucor Co. will post 8.65 EPS for the current year.

Nucor Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Kenneth Rex Query sold 9,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the executive vice president now owns 98,770 shares in the company, valued at approximately $14,499,436. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

About Nucor

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.