Advisor Group Inc. grew its position in shares of Nucor Corporation (NYSE:NUE) by 70.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,765 shares of the basic materials company’s stock after purchasing an additional 22,613 shares during the quarter. Advisor Group Inc.’s holdings in Nucor Corporation were worth $3,156,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Achmea Investment Management B.V. purchased a new position in shares of Nucor Corporation during the first quarter worth about $4,047,000. Jennison Associates LLC grew its holdings in shares of Nucor Corporation by 1.4% during the second quarter. Jennison Associates LLC now owns 7,140 shares of the basic materials company’s stock worth $413,000 after purchasing an additional 99 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Nucor Corporation by 8.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,237 shares of the basic materials company’s stock worth $2,676,000 after purchasing an additional 3,792 shares during the last quarter. Swiss National Bank grew its holdings in shares of Nucor Corporation by 3.1% during the second quarter. Swiss National Bank now owns 1,163,561 shares of the basic materials company’s stock worth $67,335,000 after purchasing an additional 35,100 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in shares of Nucor Corporation by 7.1% during the second quarter. CWA Asset Management Group LLC now owns 35,994 shares of the basic materials company’s stock worth $2,083,000 after purchasing an additional 2,380 shares during the last quarter. 74.86% of the stock is currently owned by institutional investors.

NUE has been the topic of several research reports. Berenberg Bank reaffirmed a “buy” rating and set a $77.50 price objective on shares of Nucor Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $68.00 price objective on shares of Nucor Corporation in a report on Wednesday, July 19th. Morgan Stanley reaffirmed a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. Longbow Research reaffirmed a “buy” rating and set a $66.00 price objective on shares of Nucor Corporation in a report on Thursday, July 27th. Finally, Bank of America Corporation reissued a “buy” rating and set a $73.00 price target on shares of Nucor Corporation in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.00.

In other Nucor Corporation news, insider David A. Sumoski sold 2,537 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $61.66, for a total value of $156,431.42. Following the completion of the transaction, the insider now owns 62,434 shares in the company, valued at approximately $3,849,680.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Victoria F. Haynes sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total transaction of $137,900.00. Following the completion of the transaction, the director now owns 33,573 shares of the company’s stock, valued at approximately $1,851,886.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,604 shares of company stock valued at $1,351,495. 0.70% of the stock is owned by insiders.

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Shares of Nucor Corporation (NYSE NUE) opened at 54.53 on Monday. Nucor Corporation has a 12 month low of $45.30 and a 12 month high of $68.00. The company has a 50-day moving average of $55.28 and a 200-day moving average of $58.29. The firm has a market cap of $17.42 billion, a P/E ratio of 15.31 and a beta of 1.53.

Nucor Corporation (NYSE:NUE) last posted its earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.06). Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the company posted $0.73 EPS. Nucor Corporation’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities analysts forecast that Nucor Corporation will post $3.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, September 29th will be given a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, September 28th. Nucor Corporation’s dividend payout ratio (DPR) is 43.77%.

Nucor Corporation Profile

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

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Institutional Ownership by Quarter for Nucor Corporation (NYSE:NUE)

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