Nucor Co. (NYSE:NUE) Holdings Lifted by Seamount Financial Group Inc.

Seamount Financial Group Inc. increased its holdings in Nucor Co. (NYSE:NUE) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,927 shares of the basic materials company’s stock after acquiring an additional 102 shares during the period. Seamount Financial Group Inc.’s holdings in Nucor were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NUE. Chilton Capital Management LLC lifted its position in shares of Nucor by 94.2% in the first quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 65 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Nucor in the 1st quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new stake in shares of Nucor during the 1st quarter valued at $31,000. McClarren Financial Advisors Inc. grew its holdings in shares of Nucor by 129.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of Nucor in the first quarter worth $41,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of Nucor stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $160.00, for a total value of $1,379,840.00. Following the transaction, the executive vice president now directly owns 99,049 shares of the company’s stock, valued at $15,847,840. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.

Nucor Stock Up 0.1 %

Shares of Nucor stock opened at $158.24 on Friday. Nucor Co. has a 12-month low of $133.42 and a 12-month high of $203.00. The company has a quick ratio of 1.85, a current ratio of 2.93 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $147.44 and a two-hundred day moving average price of $160.49. The stock has a market capitalization of $37.94 billion, a P/E ratio of 9.31 and a beta of 1.55.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, July 22nd. The basic materials company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.37. The business had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.69 billion. Nucor had a net margin of 10.45% and a return on equity of 15.69%. Nucor’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.81 EPS. Equities analysts expect that Nucor Co. will post 9.08 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 1.37%. Nucor’s dividend payout ratio is presently 12.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Nucor from $176.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, September 18th. Bank of America cut their price target on Nucor from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. JPMorgan Chase & Co. lowered their price target on Nucor from $174.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets cut their price objective on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 18th. Finally, Argus raised shares of Nucor to a “strong-buy” rating in a research report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and an average price target of $191.43.

Nucor Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.