Nucor Co. (NYSE:NUE) Shares Acquired by Community Bank of Raymore

Community Bank of Raymore lifted its position in Nucor Co. (NYSE:NUE) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,170 shares of the basic materials company’s stock after purchasing an additional 160 shares during the quarter. Community Bank of Raymore’s holdings in Nucor were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NUE. Mizuho Securities USA LLC lifted its holdings in shares of Nucor by 8,530.1% during the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock worth $239,819,000 after purchasing an additional 1,576,695 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Nucor by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after acquiring an additional 571,682 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Nucor in the 3rd quarter worth $74,829,000. Nordea Investment Management AB boosted its holdings in shares of Nucor by 25.6% in the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after acquiring an additional 358,721 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Nucor by 2.9% during the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock worth $1,724,117,000 after acquiring an additional 326,181 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In related news, CEO Leon J. Topalian sold 11,000 shares of Nucor stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total transaction of $1,860,210.00. Following the transaction, the chief executive officer now owns 172,136 shares in the company, valued at approximately $29,109,918.96. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Rex Query sold 9,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 98,770 shares of the company’s stock, valued at approximately $14,499,436. This trade represents a 8.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,680 shares of company stock worth $4,773,724. Insiders own 0.64% of the company’s stock.

Nucor Stock Up 0.8 %

NUE opened at $124.40 on Monday. The business’s fifty day simple moving average is $133.52 and its 200 day simple moving average is $144.40. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00. The firm has a market cap of $29.21 billion, a P/E ratio of 12.02 and a beta of 1.60. The company has a quick ratio of 1.61, a current ratio of 2.59 and a debt-to-equity ratio of 0.26.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.09. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.28 billion. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period last year, the company earned $4.57 EPS. As a group, equities research analysts anticipate that Nucor Co. will post 8.19 EPS for the current fiscal year.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be paid a $0.55 dividend. This is a boost from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, December 31st. Nucor’s payout ratio is presently 21.26%.

Analyst Ratings Changes

A number of brokerages have weighed in on NUE. Citigroup lowered their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on Nucor from $168.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday. The Goldman Sachs Group assumed coverage on Nucor in a research report on Monday, December 2nd. They issued a “buy” rating and a $190.00 price objective for the company. Jefferies Financial Group reduced their target price on Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus price target of $163.63.

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.