Leavell Investment Management Inc. decreased its stake in shares of Nucor Co. (NYSE:NUE) by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,356 shares of the basic materials company’s stock after selling 2,580 shares during the period. Leavell Investment Management Inc.’s holdings in Nucor were worth $595,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Security National Bank of Sioux City Iowa IA grew its position in Nucor by 0.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 21,597 shares of the basic materials company’s stock valued at $1,249,000 after purchasing an additional 77 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Nucor by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,278 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 97 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in Nucor by 2.4% in the second quarter. Hillsdale Investment Management Inc. now owns 5,530 shares of the basic materials company’s stock valued at $320,000 after purchasing an additional 130 shares in the last quarter. Segment Wealth Management LLC grew its position in Nucor by 3.3% in the second quarter. Segment Wealth Management LLC now owns 4,140 shares of the basic materials company’s stock valued at $240,000 after purchasing an additional 132 shares in the last quarter. Finally, Veritable L.P. grew its position in Nucor by 2.0% in the second quarter. Veritable L.P. now owns 9,600 shares of the basic materials company’s stock valued at $556,000 after purchasing an additional 191 shares in the last quarter. 74.31% of the stock is owned by institutional investors.

In related news, EVP Robert J. Stratman sold 39,037 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $63.88, for a total transaction of $2,493,683.56. Following the transaction, the executive vice president now directly owns 233,824 shares of the company’s stock, valued at $14,936,677.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ladd R. Hall sold 17,583 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $57.94, for a total transaction of $1,018,759.02. Following the transaction, the insider now directly owns 206,406 shares in the company, valued at $11,959,163.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,754 shares of company stock valued at $4,964,014. 0.70% of the stock is currently owned by corporate insiders.

A number of analysts have commented on NUE shares. Jefferies Group reiterated a “buy” rating and issued a $77.00 price target on shares of Nucor in a research note on Tuesday. Zacks Investment Research upgraded shares of Nucor from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research note on Monday. Bank of America set a $75.00 price target on shares of Nucor and gave the company a “buy” rating in a research note on Monday. ValuEngine upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Longbow Research upgraded shares of Nucor from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $68.37.

Shares of Nucor Co. (NYSE NUE) opened at $70.18 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 2.11. The stock has a market cap of $22,310.00, a PE ratio of 19.55, a PEG ratio of 1.29 and a beta of 1.58. Nucor Co. has a 12 month low of $51.67 and a 12 month high of $70.18.

Nucor (NYSE:NUE) last posted its earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Nucor had a net margin of 5.80% and a return on equity of 12.78%. Nucor’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. research analysts forecast that Nucor Co. will post 3.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, December 28th. This is a boost from Nucor’s previous quarterly dividend of $0.38. Nucor’s dividend payout ratio (DPR) is currently 42.34%.

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Nucor Company 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 (NYSE:NUE)

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