Alpine Woods Capital Investors LLC bought a new position in shares of Nucor Corporation (NYSE:NUE) during the second quarter, Holdings Channel reports. The firm bought 13,200 shares of the basic materials company’s stock, valued at approximately $764,000.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Nucor Corporation by 1,900.5% in the first quarter. BlackRock Inc. now owns 21,654,414 shares of the basic materials company’s stock worth $1,293,202,000 after buying an additional 20,571,970 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Nucor Corporation by 17.3% in the first quarter. Vanguard Group Inc. now owns 25,254,158 shares of the basic materials company’s stock worth $1,508,179,000 after buying an additional 3,729,281 shares during the last quarter. Pioneer Investment Management Inc. raised its position in shares of Nucor Corporation by 437.2% in the second quarter. Pioneer Investment Management Inc. now owns 1,813,506 shares of the basic materials company’s stock worth $104,947,000 after buying an additional 1,475,935 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Nucor Corporation by 1,351.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,207,726 shares of the basic materials company’s stock worth $72,124,000 after buying an additional 1,124,541 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Nucor Corporation by 53.6% in the first quarter. AQR Capital Management LLC now owns 2,513,579 shares of the basic materials company’s stock worth $150,111,000 after buying an additional 877,194 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors.

Shares of Nucor Corporation (NUE) opened at 56.73 on Thursday. The firm has a market cap of $18.12 billion, a price-to-earnings ratio of 15.93 and a beta of 1.51. Nucor Corporation has a one year low of $44.81 and a one year high of $68.00. The stock has a 50 day moving average price of $58.31 and a 200 day moving average price of $59.41.

Nucor Corporation (NYSE:NUE) last released its earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.06. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $5.08 billion. Nucor Corporation had a net margin of 6.08% and a return on equity of 13.39%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. On average, equities research analysts forecast that Nucor Corporation will post $4.18 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, June 30th were paid a $0.3775 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.51 annualized dividend and a dividend yield of 2.66%. Nucor Corporation’s dividend payout ratio (DPR) is currently 43.77%.

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NUE has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of Nucor Corporation in a research report on Tuesday, July 18th. ValuEngine lowered Nucor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Longbow Research raised Nucor Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. KeyCorp reissued an “overweight” rating and set a $66.00 price target (down from $72.00) on shares of Nucor Corporation in a research report on Monday, June 26th. Finally, BidaskClub lowered Nucor Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $68.76.

In related news, insider Leon J. Topalian sold 2,626 shares of Nucor Corporation stock in a transaction on Monday, July 24th. The stock was sold at an average price of $60.23, for a total transaction of $158,163.98. Following the completion of the sale, the insider now directly owns 19,610 shares of the company’s stock, valued at $1,181,110.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Sumoski sold 2,537 shares of Nucor Corporation stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $61.66, for a total value of $156,431.42. Following the sale, the insider now directly owns 62,434 shares of the company’s stock, valued at $3,849,680.44. The disclosure for this sale can be found here. Insiders sold a total of 20,104 shares of company stock valued at $1,213,595 over the last three months. Insiders own 0.70% of the company’s stock.

Nucor Corporation 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 Corporation (NYSE:NUE)

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