Stephens Inc. AR reduced its stake in shares of Nucor Co. (NYSE:NUE) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,533 shares of the basic materials company’s stock after selling 2,974 shares during the quarter. Stephens Inc. AR’s holdings in Nucor were worth $1,560,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Krilogy Financial LLC increased its holdings in Nucor by 4,594.6% in the 2nd quarter. Krilogy Financial LLC now owns 1,737 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,700 shares during the period. Cerebellum GP LLC bought a new stake in Nucor in the 4th quarter valued at $131,000. Benjamin F. Edwards & Company Inc. increased its holdings in Nucor by 791.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,673 shares of the basic materials company’s stock valued at $150,000 after buying an additional 2,373 shares during the period. Dupont Capital Management Corp bought a new stake in Nucor in the 4th quarter valued at $176,000. Finally, Checchi Capital Advisers LLC bought a new stake in Nucor in the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.

In other news, EVP Robert J. Stratman sold 39,037 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $63.88, for a total value of $2,493,683.56. Following the sale, the executive vice president now owns 233,824 shares of the company’s stock, valued at approximately $14,936,677.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Shares of Nucor Co. (NUE) opened at $61.77 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36. Nucor Co. has a fifty-two week low of $51.67 and a fifty-two week high of $70.48. The firm has a market cap of $19,637.73, a PE ratio of 17.40, a PEG ratio of 1.05 and a beta of 1.56.

Nucor (NYSE:NUE) last posted its earnings results on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.10. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. research analysts expect that Nucor Co. will post 4.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, December 29th were issued a $0.38 dividend. This is a positive change from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, December 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.46%. Nucor’s dividend payout ratio is presently 36.72%.

Several brokerages have issued reports on NUE. Morgan Stanley lowered their price target on shares of Nucor from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Tuesday, February 6th. Zacks Investment Research lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and issued a $76.00 price target on shares of Nucor in a report on Wednesday, January 31st. BMO Capital Markets boosted their price target on shares of Nucor to $72.00 and gave the company a “market perform” rating in a report on Wednesday, January 31st. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their price target on shares of Nucor from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.90.

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Nucor Company Profile

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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