Tredje AP fonden trimmed its holdings in shares of Nucor Corporation (NYSE:NUE) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,928 shares of the basic materials company’s stock after selling 3,604 shares during the quarter. Tredje AP fonden’s holdings in Nucor Corporation were worth $2,034,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NUE. Chicago Equity Partners LLC bought a new position in Nucor Corporation during the first quarter worth about $201,000. Capital Investment Advisory Services LLC bought a new position in Nucor Corporation during the first quarter worth about $325,000. Advisors Asset Management Inc. increased its position in Nucor Corporation by 8.9% during the first quarter. Advisors Asset Management Inc. now owns 103,748 shares of the basic materials company’s stock worth $6,196,000 after acquiring an additional 8,495 shares during the period. Bbva Compass Bancshares Inc. increased its position in Nucor Corporation by 5.0% during the first quarter. Bbva Compass Bancshares Inc. now owns 5,044 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 241 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in Nucor Corporation by 12.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 114,334 shares of the basic materials company’s stock worth $6,904,000 after acquiring an additional 12,685 shares during the period. 75.00% of the stock is currently owned by institutional investors and hedge funds.

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

In other Nucor Corporation news, Chairman John J. Ferriola sold 14,941 shares of the stock in a transaction that occurred on 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 directly owns 361,847 shares in the company, valued at $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 David A. Sumoski sold 2,537 shares of the stock in a transaction that occurred on 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 owns 62,434 shares in the company, valued at $3,849,680.44. The disclosure for this sale can be found here. Insiders have sold 20,104 shares of company stock worth $1,213,595 over the last quarter. Company insiders own 0.70% of the company’s stock.

Shares of Nucor Corporation (NYSE NUE) opened at 54.55 on Monday. The firm has a market capitalization of $17.42 billion, a P/E ratio of 15.31 and a beta of 1.53. The stock has a 50 day moving average of $56.30 and a 200-day moving average of $58.78. Nucor Corporation has a 1-year low of $44.81 and a 1-year high of $68.00.

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

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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).

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

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