First Personal Financial Services decreased its position in Nucor Co. (NYSE:NUE – Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,816 shares of the basic materials company’s stock after selling 1,491 shares during the period. Nucor accounts for approximately 2.1% of First Personal Financial Services’ investment portfolio, making the stock its 18th largest position. First Personal Financial Services’ holdings in Nucor were worth $9,744,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. National Pension Service grew its stake in shares of Nucor by 3.2% in the 3rd quarter. National Pension Service now owns 652,502 shares of the basic materials company’s stock valued at $98,097,000 after buying an additional 20,258 shares during the period. CX Institutional lifted its holdings in shares of Nucor by 52.8% in the 2nd quarter. CX Institutional now owns 17,245 shares of the basic materials company’s stock worth $2,726,000 after acquiring an additional 5,960 shares during the last quarter. Banco Santander S.A. lifted its holdings in shares of Nucor by 86.2% in the 1st quarter. Banco Santander S.A. now owns 12,895 shares of the basic materials company’s stock worth $2,552,000 after acquiring an additional 5,971 shares during the last quarter. Ascension Asset Management LLC acquired a new position in shares of Nucor in the 2nd quarter worth approximately $885,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Nucor in the 2nd quarter worth approximately $6,655,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.
Nucor Price Performance
Nucor stock opened at $158.84 on Friday. The stock has a market cap of $37.70 billion, a P/E ratio of 15.35 and a beta of 1.55. The company has a fifty day simple moving average of $148.04 and a 200-day simple moving average of $155.77. Nucor Co. has a 12-month low of $133.42 and a 12-month high of $203.00. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26.
Nucor Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 1.36%. Nucor’s dividend payout ratio is currently 20.87%.
Analyst Ratings Changes
NUE has been the topic of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating on the stock in a report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley reduced their target price on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Argus upgraded shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $190.57.
View Our Latest Stock Report on NUE
Insider Buying and Selling
In related news, EVP Kenneth Rex Query sold 9,000 shares of Nucor stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Leon J. Topalian sold 11,000 shares of Nucor stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total transaction of $1,860,210.00. Following the sale, the chief executive officer now directly owns 172,136 shares in the company, valued at $29,109,918.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Rex Query sold 9,000 shares of Nucor stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the executive vice president now owns 98,770 shares in the company, valued at $14,499,436. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,712 shares of company stock worth $3,980,235 in the last ninety days. 0.46% of the stock is owned by corporate insiders.
Nucor Company 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.
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