Eaton Vance Management lowered its position in Nucor Corporation (NYSE:NUE) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 382,399 shares of the basic materials company’s stock after selling 650 shares during the quarter. Eaton Vance Management owned about 0.12% of Nucor Corporation worth $22,129,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 purchasing an additional 3,729,281 shares during the period. BlackRock Inc. increased its holdings 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 purchasing an additional 20,571,970 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Nucor Corporation by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,118,653 shares of the basic materials company’s stock worth $245,972,000 after purchasing an additional 14,091 shares during the period. Geode Capital Management LLC increased its holdings in shares of Nucor Corporation by 11.7% in the first quarter. Geode Capital Management LLC now owns 3,715,181 shares of the basic materials company’s stock worth $221,600,000 after purchasing an additional 389,241 shares during the period. Finally, AQR Capital Management LLC increased its holdings 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 purchasing an additional 877,194 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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NUE has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a $77.50 price target on shares of Nucor Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 price target on shares of Nucor Corporation in a report on Wednesday, July 19th. Morgan Stanley reaffirmed a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. Longbow Research raised shares of Nucor Corporation from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $73.00 price target on shares of Nucor Corporation in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $69.53.

Nucor Corporation (NYSE NUE) opened at 54.55 on Friday. Nucor Corporation has a 52 week low of $44.81 and a 52 week high of $68.00. The company has a market capitalization of $17.42 billion, a PE ratio of 15.31 and a beta of 1.53. The stock’s 50 day moving average price is $56.30 and its 200-day moving average price is $58.78.

Nucor Corporation (NYSE:NUE) last posted its earnings results on Thursday, July 20th. The basic materials company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by $0.06. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities research analysts predict that Nucor Corporation will post $4.14 earnings per share for the current fiscal year.

In related news, insider David A. Sumoski sold 2,537 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $61.66, for a total transaction of $156,431.42. Following the transaction, the insider now directly owns 62,434 shares in the company, valued at approximately $3,849,680.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John J. Ferriola sold 14,941 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $60.17, for a total transaction of $898,999.97. Following the transaction, the chairman now owns 361,847 shares in the company, valued at $21,772,333.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,104 shares of company stock worth $1,213,595. 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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