Nucor Co. (NYSE:NUE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Nucor Co. (NYSE:NUE) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,699 shares of the basic materials company’s stock after selling 6,720 shares during the period. Nisa Investment Advisors LLC’s holdings in Nucor were worth $9,111,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Nucor during the 3rd quarter valued at $26,000. Coastline Trust Co purchased a new stake in shares of Nucor in the third quarter worth about $29,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Nucor in the third quarter valued at about $30,000. Salomon & Ludwin LLC raised its holdings in shares of Nucor by 45.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after buying an additional 72 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in Nucor during the 3rd quarter worth approximately $43,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nucor

In other news, CFO Stephen D. Laxton sold 4,712 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $169.53, for a total transaction of $798,825.36. Following the completion of the transaction, the chief financial officer now directly owns 82,132 shares of the company’s stock, valued at approximately $13,923,837.96. This represents a 5.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 4,968 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $159.72, for a total value of $793,488.96. Following the completion of the sale, the executive vice president now directly owns 85,376 shares in the company, valued at approximately $13,636,254.72. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,680 shares of company stock worth $4,773,724. 0.46% of the stock is currently owned by insiders.

Nucor Stock Up 0.0 %

Shares of Nucor stock opened at $122.10 on Friday. 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 business has a 50-day moving average price of $131.64 and a 200 day moving average price of $143.82. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The firm has a market cap of $28.67 billion, a P/E ratio of 11.80 and a beta of 1.60.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.09. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.28 billion. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The business’s revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.57 EPS. On average, sell-side analysts forecast that Nucor Co. will post 8.13 earnings per share for the current fiscal year.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Nucor’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nucor’s dividend payout ratio is 21.26%.

Analysts Set New Price Targets

NUE has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Nucor from $168.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley dropped their price target on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Citigroup decreased their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. UBS Group reaffirmed a “neutral” rating and set a $156.00 target price (down from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Finally, Jefferies Financial Group reduced their price target on Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.63.

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.