Nicollet Investment Management Inc. bought a new position in shares of Nucor Co. (NYSE:NUE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,590 shares of the basic materials company’s stock, valued at approximately $419,000.

Several other institutional investors also recently bought and sold shares of NUE. Thrivent Financial For Lutherans lifted its position in shares of Nucor by 1.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,170 shares of the basic materials company’s stock worth $704,000 after buying an additional 195 shares during the period. Numeric Investors LLC acquired a new stake in Nucor during the 2nd quarter valued at $498,000. Janus Henderson Group PLC increased its holdings in Nucor by 429.3% during the 2nd quarter. Janus Henderson Group PLC now owns 213,636 shares of the basic materials company’s stock valued at $12,363,000 after purchasing an additional 173,276 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Nucor during the 2nd quarter valued at $372,000. Finally, Cubist Systematic Strategies LLC increased its holdings in Nucor by 43.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,888 shares of the basic materials company’s stock valued at $1,382,000 after purchasing an additional 7,229 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

A number of equities research analysts recently weighed in on NUE shares. ValuEngine raised Nucor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research cut Nucor from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Credit Suisse Group raised their price target on Nucor from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $76.00 price target on shares of Nucor in a report on Wednesday, January 31st. Finally, Cowen raised their price target on Nucor from $57.00 to $63.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Nucor presently has an average rating of “Buy” and an average price target of $69.90.

In other news, EVP Robert J. Stratman sold 39,037 shares of Nucor stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the sale, the executive vice president now directly owns 233,824 shares of the company’s stock, valued at approximately $14,936,677.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Shares of Nucor Co. (NYSE NUE) opened at $62.92 on Thursday. The company has a market cap of $20,000.00, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.56. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36.

Nucor (NYSE:NUE) last released its earnings results on Tuesday, January 30th. The basic materials company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.10. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Nucor had a return on equity of 13.03% and a net margin of 6.58%. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the firm earned $0.50 EPS. equities research analysts anticipate that Nucor Co. will post 5.02 EPS for the current year.

The company 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 $0.38 dividend. This is a boost from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, December 28th. Nucor’s dividend payout ratio (DPR) is 37.07%.

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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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