Tokio Marine Asset Management Co. Ltd. Buys 169 Shares of Nucor Co. (NYSE:NUE)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Nucor Co. (NYSE:NUE) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,911 shares of the basic materials company’s stock after acquiring an additional 169 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Nucor were worth $1,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Avior Wealth Management LLC lifted its holdings in Nucor by 310.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,360 shares of the basic materials company’s stock worth $213,000 after purchasing an additional 1,029 shares during the last quarter. CX Institutional lifted its holdings in Nucor by 0.7% during the 3rd quarter. CX Institutional now owns 14,120 shares of the basic materials company’s stock worth $2,208,000 after purchasing an additional 100 shares during the last quarter. Oak Thistle LLC acquired a new stake in Nucor during the 3rd quarter worth approximately $1,182,000. Czech National Bank lifted its holdings in Nucor by 46.2% during the 3rd quarter. Czech National Bank now owns 43,475 shares of the basic materials company’s stock worth $6,797,000 after purchasing an additional 13,735 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Nucor by 8.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,887 shares of the basic materials company’s stock worth $17,650,000 after purchasing an additional 9,098 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In other Nucor news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Allen C. Behr sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the sale, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Insiders have sold 38,151 shares of company stock worth $7,308,683 in the last 90 days. Insiders own 0.46% of the company’s stock.

Nucor Price Performance

Shares of Nucor stock traded up $0.08 during trading on Friday, reaching $175.96. 169,385 shares of the company’s stock were exchanged, compared to its average volume of 1,427,188. The company has a market cap of $42.23 billion, a P/E ratio of 10.35 and a beta of 1.61. Nucor Co. has a 1-year low of $129.79 and a 1-year high of $203.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.35 and a current ratio of 4.02. The firm’s 50-day moving average price is $190.83 and its 200 day moving average price is $174.19.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The firm had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.45 EPS. As a group, research analysts anticipate that Nucor Co. will post 12.93 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be given a dividend of $0.54 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.23%. Nucor’s dividend payout ratio is currently 12.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday. BMO Capital Markets dropped their price objective on Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday. UBS Group assumed coverage on Nucor in a report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 price objective for the company. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $240.00 in a report on Wednesday, March 13th. Finally, StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $193.14.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.