Nucor Co. (NYSE:NUE) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC grew its holdings in Nucor Co. (NYSE:NUE – Get Rating) by 10.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,832 shares of the basic materials company’s stock after buying an additional 1,946 shares during the quarter. Toroso Investments LLC’s holdings in Nucor were worth $2,122,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in shares of Nucor by 12.5% in the second quarter. FMR LLC now owns 7,935,947 shares of the basic materials company’s stock worth $828,592,000 after acquiring an additional 878,821 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Nucor by 4.2% during the third quarter. Dimensional Fund Advisors LP now owns 5,214,321 shares of the basic materials company’s stock worth $557,840,000 after purchasing an additional 212,404 shares in the last quarter. Invesco Ltd. grew its stake in shares of Nucor by 11.3% during the first quarter. Invesco Ltd. now owns 1,738,793 shares of the basic materials company’s stock worth $258,471,000 after purchasing an additional 176,738 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Nucor by 34.7% during the second quarter. Wells Fargo & Company MN now owns 1,729,945 shares of the basic materials company’s stock worth $180,625,000 after purchasing an additional 446,034 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Nucor by 11.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 1,456,784 shares of the basic materials company’s stock worth $155,862,000 after purchasing an additional 154,744 shares in the last quarter. Institutional investors and hedge funds own 78.33% of the company’s stock.

Nucor Price Performance

Shares of NYSE:NUE opened at $145.42 on Friday. The company has a 50-day simple moving average of $162.84 and a 200-day simple moving average of $143.04. Nucor Co. has a one year low of $100.13 and a one year high of $187.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.13 and a current ratio of 3.39. The stock has a market capitalization of $36.64 billion, a price-to-earnings ratio of 5.06 and a beta of 1.59.

Nucor (NYSE:NUE – Get Rating) last announced its earnings results on Thursday, January 26th. The basic materials company reported $4.89 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.71. Nucor had a net margin of 18.33% and a return on equity of 42.03%. The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the prior year, the company earned $7.97 earnings per share. The business’s revenue was down 15.8% compared to the same quarter last year. On average, analysts predict that Nucor Co. will post 14.12 EPS for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 11th. Stockholders of record on Friday, March 31st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Nucor’s payout ratio is 7.10%.

Insider Buying and Selling

In related news, EVP Kenneth Rex Query sold 1,962 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $177.99, for a total transaction of $349,216.38. Following the completion of the transaction, the executive vice president now directly owns 74,138 shares of the company’s stock, valued at $13,195,822.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kenneth Rex Query sold 1,962 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $177.99, for a total transaction of $349,216.38. Following the completion of the transaction, the executive vice president now directly owns 74,138 shares of the company’s stock, valued at $13,195,822.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Leon J. Topalian sold 3,000 shares of the stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $134.71, for a total transaction of $404,130.00. Following the transaction, the chief executive officer now directly owns 126,809 shares of the company’s stock, valued at $17,082,440.39. The disclosure for this sale can be found here. Insiders sold 12,575 shares of company stock valued at $2,034,130 over the last ninety days. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

NUE has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Nucor in a research report on Thursday. They issued a “hold” rating for the company. The Goldman Sachs Group boosted their price target on shares of Nucor from $144.00 to $161.00 and gave the company a “neutral” rating in a research report on Friday, March 10th. UBS Group boosted their price target on shares of Nucor from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 6th. BMO Capital Markets boosted their price target on shares of Nucor from $155.00 to $165.00 and gave the company a “market perform” rating in a research report on Friday, January 27th. Finally, Morgan Stanley boosted their price target on shares of Nucor from $113.00 to $122.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $151.67.

Nucor Company Profile

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Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor’s equity method investments.