2 days Ago By Defense World Staff
American Century Companies Inc. lowered its position in shares of Nucor Co. ( NYSE:NUE – Free Report ) by 25.
3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 287,136 shares of the basic materials company’s stock after selling 97,272 shares during the quarter. American Century Companies Inc.
owned about 0.12% of Nucor worth $45,390,000 at the end of the most recent quarter. A number of other large investors also recently bought and sold shares of the company.
Norges Bank acquired a new position in shares of Nucor in the 4th quarter valued at about $377,631,000. Global Assets Advisory LLC acquired a new position in Nucor in the first quarter valued at approximately $90,216,000. Swedbank AB bought a new position in shares of Nucor during the first quarter valued at approximately $37,395,000.
Captrust Financial Advisors raised its position in shares of Nucor by 23.5% during the 1st quarter. Captrust Financial Advisors now owns 804,150 shares of the basic materials company’s stock worth $159,141,000 after purchasing an additional 153,077 shares during the period.
Finally, Trinity Street Asset Management LLP bought a new stake in shares of Nucor in the 2nd quarter worth approximately $19,213,000. Institutional investors own 76.48% of the company’s stock.
Nucor Trading Down 0.5 % Nucor stock opened at $142.92 on Tuesday.
Nucor Co. has a 12-month low of $133.42 and a 12-month high of $203.
00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.
93 and a quick ratio of 1.85. The stock has a market capitalization of $34.
27 billion, a PE ratio of 8.41 and a beta of 1.55.
The firm has a 50 day simple moving average of $150.52 and a 200-day simple moving average of $167.06.
Nucor Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be given a $0.54 dividend.
This represents a $2.16 annualized dividend and a yield of 1.51%.
The ex-dividend date is Friday, September 27th. Nucor’s dividend payout ratio (DPR) is presently 12.71%.
Analysts Set New Price Targets Several equities research analysts have weighed in on the company. BMO Capital Markets dropped their target price on Nucor from $185.00 to $175.
00 and set a “market perform” rating on the stock in a research report on Monday, June 17th. Bank of America cut their price objective on shares of Nucor from $210.00 to $200.
00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Argus upgraded shares of Nucor to a “strong-buy” rating in a research report on Monday, August 26th. Morgan Stanley raised Nucor from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $187.
00 to $176.00 in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co.
raised Nucor from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $170.00 to $174.00 in a report on Monday, September 9th.
Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.
Read Our Latest Stock Report on NUE Insider Buying and Selling at Nucor In other news, EVP Daniel R. Needham sold 8,624 shares of Nucor stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 owns 99,049 shares of the company’s stock, valued at approximately $15,847,840.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 0.46% of the stock is owned by corporate insiders.
About Nucor ( Free Report ) 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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