BLB&B Advisors LLC lessened its holdings in shares of Nucor Co. (NYSE:NUE) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,337 shares of the basic materials company’s stock after selling 1,126 shares during the quarter. BLB&B Advisors LLC’s holdings in Nucor were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NUE. CI Investments Inc. bought a new stake in shares of Nucor during the 3rd quarter valued at about $55,250,000. Northern Trust Corp boosted its position in shares of Nucor by 15.0% during the 2nd quarter. Northern Trust Corp now owns 5,759,017 shares of the basic materials company’s stock valued at $333,275,000 after acquiring an additional 750,796 shares during the last quarter. Balyasny Asset Management LLC boosted its position in shares of Nucor by 55.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,244 shares of the basic materials company’s stock valued at $85,141,000 after acquiring an additional 524,476 shares during the last quarter. Prudential PLC boosted its position in shares of Nucor by 28.2% during the 2nd quarter. Prudential PLC now owns 2,260,300 shares of the basic materials company’s stock valued at $130,804,000 after acquiring an additional 496,700 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Nucor by 384.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 509,772 shares of the basic materials company’s stock valued at $28,568,000 after acquiring an additional 404,622 shares during the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Shares of Nucor Co. (NYSE NUE) opened at $68.95 on Wednesday. The firm has a market capitalization of $21,920.00, a P/E ratio of 19.21, a P/E/G ratio of 1.21 and a beta of 1.58. Nucor Co. has a 12-month low of $51.67 and a 12-month high of $70.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.11 and a quick ratio of 1.12.

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, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $5.17 billion during 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%. Nucor’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. analysts expect that Nucor Co. will post 3.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, December 29th will be given a $0.38 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. Nucor’s payout ratio is presently 42.34%.

In related news, EVP Robert J. Stratman sold 39,037 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the sale, the executive vice president now owns 233,824 shares in the company, valued at approximately $14,936,677.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider D. Chad Utermark sold 9,003 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $59.72, for a total value of $537,659.16. Following the completion of the sale, the insider now owns 73,883 shares of the company’s stock, valued at approximately $4,412,292.76. The disclosure for this sale can be found here. Insiders sold a total of 80,754 shares of company stock valued at $4,964,014 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on NUE. Bank of America set a $75.00 price target on Nucor and gave the company a “buy” rating in a research report on Monday, January 8th. Credit Suisse Group dropped their price target on Nucor from $68.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, September 28th. Jefferies Group reiterated a “buy” rating and set a $77.00 price target on shares of Nucor in a research report on Tuesday, January 9th. Longbow Research downgraded Nucor from a “buy” rating to a “neutral” rating and lifted their price target for the company from $55.01 to $56.04 in a research report on Monday, October 2nd. Finally, Zacks Investment Research downgraded Nucor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $68.37.

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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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