Israel Discount Bank of New York trimmed its holdings in Nucor Corporation (NYSE:NUE) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,230 shares of the basic materials company’s stock after selling 145 shares during the quarter. Israel Discount Bank of New York’s holdings in Nucor Corporation were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in 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 valued at $1,508,179,000 after buying an additional 3,729,281 shares during the last quarter. BlackRock Inc. lifted its stake in 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 valued at $1,293,202,000 after buying an additional 20,571,970 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 valued at $245,972,000 after buying an additional 14,091 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $221,600,000 after buying an additional 389,241 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in 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 valued at $150,111,000 after buying an additional 877,194 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Nucor Corporation (NUE) traded up 0.53% on Friday, reaching $54.55. The company’s stock had a trading volume of 2,552,697 shares. Nucor Corporation has a 52-week low of $44.81 and a 52-week high of $68.00. The firm has a market capitalization of $17.42 billion, a P/E ratio of 15.31 and a beta of 1.53. The firm has a 50-day moving average price of $56.30 and a 200 day moving average price of $58.78.

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

In other Nucor Corporation news, Chairman John J. Ferriola sold 14,941 shares of Nucor Corporation stock in a transaction on Monday, July 24th. The stock was sold at an average price of $60.17, for a total transaction of $898,999.97. Following the sale, the chairman now owns 361,847 shares of the company’s stock, valued at approximately $21,772,333.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon J. Topalian sold 2,626 shares of Nucor Corporation stock in a transaction on Monday, July 24th. The shares were sold at an average price of $60.23, for a total value of $158,163.98. Following the sale, the insider now directly owns 19,610 shares in the company, valued at approximately $1,181,110.30. The disclosure for this sale can be found here. Insiders have sold a total of 20,104 shares of company stock worth $1,213,595 in the last ninety days. 0.70% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Nucor Corporation (NUE) Shares Sold by Israel Discount Bank of New York” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/10/nucor-corporation-nue-shares-sold-by-israel-discount-bank-of-new-york.html.

A number of equities research analysts have weighed in on NUE shares. Macquarie started coverage on Nucor Corporation in a research note on Wednesday. They issued a “neutral” rating and a $57.00 price objective for the company. Jefferies Group LLC set a $68.00 price objective on Nucor Corporation and gave the company a “buy” rating in a research note on Monday, August 21st. ValuEngine cut Nucor Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Longbow Research reiterated a “buy” rating and issued a $66.00 price objective on shares of Nucor Corporation in a research note on Thursday, July 27th. Finally, BMO Capital Markets set a $70.00 price objective on Nucor Corporation and gave the company a “hold” rating in a research note on Saturday, August 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Nucor Corporation currently has an average rating of “Buy” and a consensus price target of $69.53.

About Nucor Corporation

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).

Institutional Ownership by Quarter for Nucor Corporation (NYSE:NUE)

Receive News & Stock Ratings for Nucor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor Corporation and related stocks with our FREE daily email newsletter.