Aperio Group LLC cut its holdings in shares of Nucor Co. (NYSE:NUE) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,805 shares of the basic materials company’s stock after selling 2,525 shares during the period. Aperio Group LLC’s holdings in Nucor were worth $5,773,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NUE. CI Investments Inc. acquired a new stake in shares of Nucor during the third quarter valued at about $55,250,000. Point72 Asset Management L.P. grew its stake in shares of Nucor by 384.8% during the third quarter. Point72 Asset Management L.P. now owns 509,772 shares of the basic materials company’s stock valued at $28,568,000 after acquiring an additional 404,622 shares in the last quarter. Stifel Financial Corp grew its stake in Nucor by 120.6% in the third quarter. Stifel Financial Corp now owns 594,283 shares of the basic materials company’s stock worth $33,356,000 after purchasing an additional 324,926 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Nucor by 97.2% in the second quarter. Lord Abbett & CO. LLC now owns 568,200 shares of the basic materials company’s stock worth $32,882,000 after purchasing an additional 280,100 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its stake in Nucor by 76.4% in the third quarter. BW Gestao de Investimentos Ltda. now owns 475,000 shares of the basic materials company’s stock worth $26,619,000 after purchasing an additional 205,650 shares in the last quarter. Institutional investors own 74.10% of the company’s stock.

Nucor Co. (NUE) opened at $64.08 on Wednesday. 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 Co. has a twelve month low of $51.67 and a twelve month high of $70.48. The stock has a market cap of $20,370.00, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.05 and a beta of 1.56.

Nucor (NYSE:NUE) last issued its earnings results on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.10. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the company posted $0.50 earnings per share. Nucor’s revenue was up 28.7% on a year-over-year basis. equities analysts expect that Nucor Co. will post 4.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, December 29th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.37%. This is a boost from Nucor’s previous quarterly dividend of $0.38. Nucor’s dividend payout ratio (DPR) is currently 37.07%.

In other Nucor 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 value of $2,493,683.56. Following the transaction, the executive vice president now owns 233,824 shares of the company’s stock, valued at $14,936,677.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

A number of equities analysts recently commented on the company. Credit Suisse Group lifted their price target on Nucor from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Bank of America set a $75.00 price target on Nucor and gave the stock a “buy” rating in a research note on Monday, January 8th. BMO Capital Markets lifted their price target on Nucor to $72.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. They noted that the move was a valuation call. Morgan Stanley decreased their price target on Nucor from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Tuesday, February 6th. Finally, ValuEngine upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Nucor has a consensus rating of “Buy” and a consensus price target of $69.70.

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Nucor 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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