Sei Investments Co. trimmed its stake in shares of Nucor Co. (NYSE:NUE) by 16.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,782 shares of the basic materials company’s stock after selling 8,802 shares during the period. Sei Investments Co.’s holdings in Nucor were worth $2,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in Nucor by 14.4% during the third quarter. BNP Paribas Arbitrage SA now owns 271,829 shares of the basic materials company’s stock worth $15,233,000 after acquiring an additional 34,129 shares during the period. HL Financial Services LLC grew its holdings in Nucor by 68.2% in the third quarter. HL Financial Services LLC now owns 11,644 shares of the basic materials company’s stock valued at $653,000 after purchasing an additional 4,722 shares during the period. Global X MANAGEMENT CO LLC grew its holdings in Nucor by 20.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 12,005 shares of the basic materials company’s stock valued at $673,000 after purchasing an additional 2,016 shares during the period. Alps Advisors Inc. acquired a new stake in Nucor in the third quarter valued at approximately $493,000. Finally, Jennison Associates LLC grew its holdings in Nucor by 47.6% in the third quarter. Jennison Associates LLC now owns 10,539 shares of the basic materials company’s stock valued at $591,000 after purchasing an additional 3,399 shares during the period. 74.56% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Victoria F. Haynes sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total value of $137,900.00. Following the transaction, the director now owns 33,573 shares in the company, valued at $1,851,886.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John J. Ferriola sold 15,131 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $60.40, for a total value of $913,912.40. Following the completion of the transaction, the chairman now owns 349,506 shares in the company, valued at approximately $21,110,162.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,217 shares of company stock worth $2,608,231. Company insiders own 0.70% of the company’s stock.

Several analysts have commented on NUE shares. Macquarie started coverage on Nucor in a report on Wednesday, September 6th. They issued a “neutral” rating and a $57.00 price objective on the stock. ValuEngine lowered Nucor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group set a $68.00 price objective on Nucor and gave the company a “buy” rating in a report on Monday, August 21st. Credit Suisse Group raised their price objective on Nucor from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Finally, Cowen raised their price objective on Nucor from $57.00 to $63.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Nucor presently has a consensus rating of “Buy” and a consensus price target of $67.32.

Nucor Co. (NYSE:NUE) traded down $0.20 during midday trading on Friday, hitting $57.30. The stock had a trading volume of 3,614,842 shares, compared to its average volume of 1,817,283. The stock has a market capitalization of $18,280.21, a P/E ratio of 16.91, a PEG ratio of 1.30 and a beta of 1.58. Nucor Co. has a 1-year low of $51.67 and a 1-year high of $68.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 2.11.

Nucor (NYSE:NUE) last released its earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.19 billion. Nucor had a return on equity of 12.78% and a net margin of 5.80%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. research analysts forecast that Nucor Co. will post 3.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, September 29th were given a $0.3775 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.51 annualized dividend and a dividend yield of 2.64%. Nucor’s dividend payout ratio (DPR) is presently 43.90%.

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Nucor 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 (NYSE:NUE)

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