Nucor Co. (NYSE:NUE) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its stake in shares of Nucor Co. (NYSE:NUEGet Rating) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,107 shares of the basic materials company’s stock after selling 154 shares during the period. J.W. Cole Advisors Inc.’s holdings in Nucor were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton grew its holdings in Nucor by 2.8% during the first quarter. Rosenberg Matthew Hamilton now owns 2,276 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 63 shares during the period. Grove Bank & Trust grew its holdings in Nucor by 1.2% during the first quarter. Grove Bank & Trust now owns 5,641 shares of the basic materials company’s stock worth $839,000 after acquiring an additional 65 shares during the period. Mayflower Financial Advisors LLC grew its holdings in Nucor by 3.0% during the first quarter. Mayflower Financial Advisors LLC now owns 2,223 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 65 shares during the period. Advisor Partners LLC grew its holdings in Nucor by 0.7% during the first quarter. Advisor Partners LLC now owns 11,380 shares of the basic materials company’s stock worth $1,692,000 after acquiring an additional 78 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV grew its holdings in Nucor by 3.5% during the first quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,385 shares of the basic materials company’s stock worth $355,000 after acquiring an additional 80 shares during the period. 79.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Nucor Stock Performance

Shares of NYSE:NUE opened at $118.82 on Tuesday. 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’s 50 day moving average price is $131.02 and its 200-day moving average price is $133.25. The firm has a market capitalization of $31.11 billion, a PE ratio of 3.65 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 EPS for the quarter, topping analysts’ consensus estimates of $8.91 by $0.76. Nucor had a return on equity of 57.78% and a net margin of 21.03%. The firm had revenue of $11.79 billion for the quarter, compared to the consensus estimate of $11.59 billion. During the same quarter last year, the business posted $5.04 earnings per share. The firm’s revenue was up 34.2% compared to the same quarter last year. As a group, equities research analysts expect that Nucor Co. will post 31.01 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.68%. Nucor’s payout ratio is 6.14%.

Analyst Ratings Changes

NUE has been the topic of several research analyst reports. StockNews.com lowered Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Citigroup raised their price objective on Nucor to $145.00 in a report on Tuesday, September 13th. Morgan Stanley dropped their price objective on Nucor from $121.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, July 25th. Credit Suisse Group dropped their price objective on Nucor from $165.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group dropped their price objective on Nucor from $148.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $132.78.

Nucor Company Profile

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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.

See Also

Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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