Dorsey & Whitney Trust CO LLC Purchases 68 Shares of Nucor Co. (NYSE:NUE)

Dorsey & Whitney Trust CO LLC raised its position in Nucor Co. (NYSE:NUEFree Report) by 1.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,168 shares of the basic materials company’s stock after acquiring an additional 68 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Nucor were worth $652,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in shares of Nucor by 127,059.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 155,232,061 shares of the basic materials company’s stock worth $20,461,138,000 after purchasing an additional 155,109,984 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Nucor by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 5,473,471 shares of the basic materials company’s stock worth $897,835,000 after purchasing an additional 35,118 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Nucor by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,086,581 shares of the basic materials company’s stock worth $834,111,000 after purchasing an additional 210,245 shares in the last quarter. Morgan Stanley raised its stake in shares of Nucor by 30.0% during the 4th quarter. Morgan Stanley now owns 4,247,626 shares of the basic materials company’s stock worth $559,880,000 after purchasing an additional 979,824 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Nucor by 11.3% during the 1st 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. Institutional investors own 77.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NUE shares. StockNews.com upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. upped their price objective on Nucor from $151.00 to $158.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. UBS Group began coverage on Nucor in a report on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price on the stock. Finally, Morgan Stanley decreased their target price on Nucor from $162.00 to $154.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $174.43.

Get Our Latest Report on Nucor

Nucor Stock Performance

Shares of NYSE NUE opened at $182.31 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.57 and a quick ratio of 2.35. The stock’s fifty day moving average price is $172.31 and its two-hundred day moving average price is $164.02. Nucor Co. has a one year low of $129.79 and a one year high of $190.96. The firm has a market cap of $44.82 billion, a price-to-earnings ratio of 10.13 and a beta of 1.61.

Nucor (NYSE:NUEGet Free Report) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same period in the prior year, the firm posted $4.89 EPS. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities analysts forecast that Nucor Co. will post 12.56 EPS for the current year.

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, December 29th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.18%. This is a positive change from Nucor’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, December 28th. Nucor’s dividend payout ratio is currently 12.01%.

Insider Activity

In other news, EVP Kenneth Rex Query sold 5,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $186.37, for a total transaction of $1,025,035.00. Following the completion of the sale, the executive vice president now directly owns 85,326 shares in the company, valued at approximately $15,902,206.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Kenneth Rex Query sold 5,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $186.37, for a total transaction of $1,025,035.00. Following the completion of the sale, the executive vice president now directly owns 85,326 shares in the company, valued at approximately $15,902,206.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO David A. Sumoski sold 28,768 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $175.01, for a total value of $5,034,687.68. Following the sale, the chief operating officer now owns 200,638 shares of the company’s stock, valued at $35,113,656.38. The disclosure for this sale can be found here. In the last three months, insiders sold 77,330 shares of company stock worth $13,672,548. 0.46% of the stock is currently owned by company insiders.

Nucor Company Profile

(Free Report)

Nucor Corporation engages in manufacture and sale of 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 engineered special bar quality products.

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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