Nucor Co. (NYSE:NUE) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Nucor Co. ( NYSE:NUE – Free Report ) by 45.

7% during the fourth quarter, HoldingsChannel reports. The fund owned 38,956 shares of the basic materials company’s stock after selling 32,727 shares during the period. Sei Investments Co.



’s holdings in Nucor were worth $4,546,000 at the end of the most recent reporting period. Several other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB boosted its stake in shares of Nucor by 25.

6% during the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock worth $205,282,000 after acquiring an additional 358,721 shares in the last quarter. Raymond James Financial Inc.

purchased a new stake in Nucor during the fourth quarter worth $38,714,000. State Street Corp boosted its position in Nucor by 2.9% during the third quarter.

State Street Corp now owns 11,427,899 shares of the basic materials company’s stock worth $1,724,117,000 after purchasing an additional 326,181 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Nucor in the fourth quarter valued at $25,906,000. Finally, National Bank of Canada FI increased its holdings in Nucor by 315.

8% during the 3rd quarter. National Bank of Canada FI now owns 296,851 shares of the basic materials company’s stock valued at $44,629,000 after acquiring an additional 225,450 shares in the last quarter. Hedge funds and other institutional investors own 76.

48% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have issued reports on NUE. JPMorgan Chase & Co.

upped their price target on shares of Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th.

Citigroup reduced their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th.

Argus set a $155.00 price target on Nucor in a research report on Wednesday, March 5th. Jefferies Financial Group upped their price objective on Nucor from $125.

00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley set a $164.

00 price objective on Nucor in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.

com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.44. Nucor Stock Up 3.

0 % Shares of NYSE NUE opened at $123.29 on Thursday. The firm has a market cap of $28.

42 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.96 and a beta of 1.

58. Nucor Co. has a 1 year low of $112.

25 and a 1 year high of $203.00. The company has a debt-to-equity ratio of 0.

27, a quick ratio of 1.48 and a current ratio of 2.51.

The stock’s 50-day simple moving average is $130.82 and its 200-day simple moving average is $136.86.

Nucor ( NYSE:NUE – Get Free Report ) last announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.

94 by $0.28. Nucor had a return on equity of 9.

85% and a net margin of 6.60%. During the same period last year, the business posted $3.

16 EPS. As a group, equities analysts anticipate that Nucor Co. will post 7.

64 earnings per share for the current fiscal year. Nucor Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.

55 per share. This represents a $2.20 annualized dividend and a yield of 1.

78%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s payout ratio is currently 26.

16%. Nucor Profile ( 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. See Also Want to see what other hedge funds are holding NUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nucor Co.

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