Court Place Advisors LLC continued to hold its stake in Nucor Corp. (NYSE:NUE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,199 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Nucor Corp. were worth $207,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NUE. State Street Corp raised its stake in Nucor Corp. by 0.7% in the first quarter. State Street Corp now owns 19,261,888 shares of the company’s stock valued at $911,088,000 after buying an additional 136,095 shares during the last quarter. BlackRock Group LTD raised its stake in Nucor Corp. by 0.7% in the first quarter. BlackRock Group LTD now owns 2,849,775 shares of the company’s stock valued at $134,795,000 after buying an additional 20,855 shares during the last quarter. Geode Capital Management LLC raised its stake in Nucor Corp. by 8.7% in the first quarter. Geode Capital Management LLC now owns 2,779,945 shares of the company’s stock valued at $131,245,000 after buying an additional 223,580 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Nucor Corp. by 4.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,830,485 shares of the company’s stock valued at $86,582,000 after buying an additional 85,271 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Nucor Corp. by 2.7% in the first quarter. Legal & General Group Plc now owns 1,481,290 shares of the company’s stock valued at $70,071,000 after buying an additional 39,278 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Nucor Corp. (NYSE:NUE) traded up 0.37% during trading on Tuesday, reaching $46.17. 3,010,053 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $49.68 and its 200 day moving average price is $49.37. Nucor Corp. has a 52-week low of $33.90 and a 52-week high of $57.08. The firm has a market cap of $14.70 billion, a P/E ratio of 31.64 and a beta of 1.48.

Nucor Corp. (NYSE:NUE) last posted its earnings results on Thursday, July 21st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company earned $4.25 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Nucor Corp. had a net margin of 3.00% and a return on equity of 8.58%. Equities research analysts anticipate that Nucor Corp. will post $2.71 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, September 28th. Nucor Corp.’s dividend payout ratio is presently 102.04%.

Several equities research analysts recently issued reports on NUE shares. Bank of America Corp. reaffirmed a “buy” rating on shares of Nucor Corp. in a research note on Friday, June 17th. Credit Suisse Group AG lifted their price objective on shares of Nucor Corp. from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, June 8th. Jefferies Group reduced their price objective on shares of Nucor Corp. from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, September 15th. Deutsche Bank AG upgraded shares of Nucor Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $60.00 in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $59.50 target price on shares of Nucor Corp. in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.14.

In other news, CFO James D. Frias sold 9,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $53.14, for a total transaction of $478,260.00. Following the completion of the sale, the chief financial officer now owns 156,065 shares in the company, valued at approximately $8,293,294.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John J. Ferriola sold 12,128 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $54.12, for a total transaction of $656,367.36. Following the sale, the chairman now owns 354,420 shares of the company’s stock, valued at approximately $19,181,210.40. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

About Nucor Corp.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials.

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