Nucor Co. (NYSE:NUE) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in Nucor Co. (NYSE:NUEGet Rating) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,673 shares of the basic materials company’s stock after selling 1,226 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Nucor were worth $1,636,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Schroder Investment Management Group boosted its stake in shares of Nucor by 253.8% during the fourth quarter. Schroder Investment Management Group now owns 68,812 shares of the basic materials company’s stock worth $7,855,000 after buying an additional 49,365 shares during the period. Rockefeller Capital Management L.P. raised its stake in Nucor by 7.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 62,231 shares of the basic materials company’s stock valued at $7,103,000 after acquiring an additional 4,530 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in Nucor by 0.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 35,538 shares of the basic materials company’s stock worth $4,057,000 after acquiring an additional 105 shares during the period. Blair William & Co. IL grew its stake in shares of Nucor by 51.7% in the 4th quarter. Blair William & Co. IL now owns 24,791 shares of the basic materials company’s stock valued at $2,830,000 after purchasing an additional 8,452 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV acquired a new position in shares of Nucor in the fourth quarter valued at approximately $197,000. Institutional investors and hedge funds own 79.07% of the company’s stock.

Nucor Stock Down 1.5 %

Shares of Nucor stock opened at $108.85 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.62 and a quick ratio of 1.39. The business has a 50-day moving average of $131.13 and a 200-day moving average of $132.80. The company has a market capitalization of $28.50 billion, a PE ratio of 3.34 and a beta of 1.39. Nucor Co. has a 1-year low of $88.50 and a 1-year high of $187.90.

Nucor (NYSE:NUEGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The basic materials company reported $9.67 earnings per share for the quarter, topping the consensus estimate of $8.91 by $0.76. Nucor had a net margin of 21.03% and a return on equity of 57.78%. The company had revenue of $11.79 billion during the quarter, compared to analyst estimates of $11.59 billion. During the same period last year, the business earned $5.04 EPS. The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year. As a group, equities analysts forecast that Nucor Co. will post 31.08 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 29th. Nucor’s dividend payout ratio is presently 6.14%.

Insider Transactions at Nucor

In related news, EVP Allen C. Behr sold 3,407 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $122.17, for a total transaction of $416,233.19. Following the transaction, the executive vice president now directly owns 64,087 shares in the company, valued at $7,829,508.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Allen C. Behr sold 3,407 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $122.17, for a total transaction of $416,233.19. Following the sale, the executive vice president now directly owns 64,087 shares in the company, valued at approximately $7,829,508.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Rex Query sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $141.64, for a total value of $708,200.00. Following the transaction, the executive vice president now owns 76,100 shares of the company’s stock, valued at approximately $10,778,804. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NUE. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. JPMorgan Chase & Co. lowered their target price on shares of Nucor from $146.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, June 14th. The Goldman Sachs Group cut their price target on shares of Nucor from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, May 31st. Credit Suisse Group lowered their price objective on Nucor from $165.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, September 16th. Finally, Citigroup increased their target price on Nucor to $145.00 in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Nucor has an average rating of “Hold” and an average price target of $132.78.

Nucor Company Profile

(Get Rating)

Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

Featured Articles

Want to see what other hedge funds are holding NUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nucor Co. (NYSE:NUEGet Rating).

Institutional Ownership by Quarter for Nucor (NYSE:NUE)

Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.com's FREE daily email newsletter.