Nucor Co. (NYSE:NUE) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lessened its holdings in shares of Nucor Co. (NYSE:NUE) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,288 shares of the basic materials company’s stock after selling 157 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Nucor were worth $921,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NUE. SVB Wealth LLC boosted its holdings in Nucor by 1.5% in the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock worth $636,000 after acquiring an additional 54 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Nucor by 0.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,191 shares of the basic materials company’s stock valued at $1,252,000 after purchasing an additional 55 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its stake in Nucor by 36.6% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. lifted its holdings in Nucor by 7.9% in the 4th quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock worth $143,000 after buying an additional 60 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Nucor by 1.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock valued at $652,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NUE. JPMorgan Chase & Co. cut their price target on Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. StockNews.com cut shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. BMO Capital Markets dropped their target price on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Finally, UBS Group began coverage on shares of Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $193.14.

Insider Buying and Selling at Nucor

In related news, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction dated Tuesday, March 19th. The shares were 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 directly owns 80,902 shares in the company, valued at $15,386,751.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Allen C. Behr sold 10,000 shares of the firm’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 completion of the transaction, the executive vice president now owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Douglas J. Jellison sold 19,506 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total transaction of $3,772,655.46. Following the completion of the sale, the executive vice president now owns 120,738 shares in the company, valued at $23,351,936.58. The disclosure for this sale can be found here. Insiders have sold 32,651 shares of company stock valued at $6,283,648 in the last quarter. Corporate insiders own 0.46% of the company’s stock.

Nucor Stock Up 0.5 %

Shares of Nucor stock opened at $171.79 on Wednesday. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 10.11 and a beta of 1.65. The business’s 50 day simple moving average is $188.31 and its 200-day simple moving average is $175.83. The company has a current ratio of 4.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.31. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.62 by ($0.16). The firm had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.26 billion. Nucor had a net margin of 12.40% and a return on equity of 19.62%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $4.45 EPS. Equities research analysts forecast that Nucor Co. will post 12.55 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio (DPR) is 12.71%.

Nucor 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.