Dimensional Fund Advisors LP boosted its stake in Nucor Corporation (NYSE:NUE) by 8.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,471,347 shares of the basic materials company’s stock after buying an additional 352,694 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.40% of Nucor Corporation worth $258,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Achmea Investment Management B.V. purchased a new stake in shares of Nucor Corporation during the 1st quarter valued at $4,047,000. Jennison Associates LLC increased its position in shares of Nucor Corporation by 1.4% during the 2nd quarter. Jennison Associates LLC now owns 7,140 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 99 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Nucor Corporation by 8.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,237 shares of the basic materials company’s stock valued at $2,676,000 after purchasing an additional 3,792 shares during the last quarter. Swiss National Bank increased its position in shares of Nucor Corporation by 3.1% during the 2nd quarter. Swiss National Bank now owns 1,163,561 shares of the basic materials company’s stock valued at $67,335,000 after purchasing an additional 35,100 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of Nucor Corporation by 7.1% during the 2nd quarter. CWA Asset Management Group LLC now owns 35,994 shares of the basic materials company’s stock valued at $2,083,000 after purchasing an additional 2,380 shares during the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.

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In other news, insider David A. Sumoski sold 2,537 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was 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 of the company’s stock, valued at $3,849,680.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Leon J. Topalian sold 2,626 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $60.23, for a total value of $158,163.98. Following the completion of the transaction, the insider now directly owns 19,610 shares of the company’s stock, valued at approximately $1,181,110.30. 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. Company insiders own 0.70% of the company’s stock.

Shares of Nucor Corporation (NYSE NUE) traded down 0.22% on Monday, reaching $54.41. The company’s stock had a trading volume of 210,618 shares. Nucor Corporation has a 12-month low of $45.30 and a 12-month high of $68.00. The company’s 50-day moving average is $55.28 and its 200 day moving average is $58.29. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 15.28 and a beta of 1.53.

Nucor Corporation (NYSE:NUE) last issued its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Equities analysts anticipate that Nucor Corporation will post $3.96 earnings per share for the current fiscal year.

The business also recently declared 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 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, September 28th. Nucor Corporation’s payout ratio is 43.77%.

Several brokerages have recently issued reports on NUE. Cowen and Company reaffirmed a “market perform” rating and set a $63.00 target price (up from $62.00) on shares of Nucor Corporation in a research report on Tuesday, July 25th. Morgan Stanley reaffirmed a “buy” rating on shares of Nucor Corporation in a research report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $62.00 target price (down from $70.00) on shares of Nucor Corporation in a research report on Monday, September 18th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Nucor Corporation in a research report on Friday, June 30th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $77.50 target price on shares of Nucor Corporation in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Nucor Corporation currently has an average rating of “Hold” and a consensus target price of $68.00.

About Nucor Corporation

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).

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

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