Cleararc Capital Inc. decreased its position in shares of Nucor Corporation (NYSE:NUE) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,760 shares of the company’s stock after selling 60 shares during the period. Cleararc Capital Inc.’s holdings in Nucor Corporation were worth $462,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Boston Partners bought a new stake in Nucor Corporation during the third quarter worth about $174,975,000. Principal Financial Group Inc. increased its position in shares of Nucor Corporation by 153.2% in the third quarter. Principal Financial Group Inc. now owns 1,359,960 shares of the company’s stock valued at $67,251,000 after buying an additional 822,886 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Nucor Corporation by 42.4% in the second quarter. Panagora Asset Management Inc. now owns 1,854,498 shares of the company’s stock valued at $91,631,000 after buying an additional 552,293 shares in the last quarter. Conning Inc. increased its position in shares of Nucor Corporation by 1,764.7% in the third quarter. Conning Inc. now owns 539,892 shares of the company’s stock valued at $26,698,000 after buying an additional 510,939 shares in the last quarter. Finally, Analytic Investors LLC increased its position in shares of Nucor Corporation by 1,615.0% in the third quarter. Analytic Investors LLC now owns 453,044 shares of the company’s stock valued at $22,403,000 after buying an additional 426,628 shares in the last quarter. Institutional investors own 77.11% of the company’s stock.
Shares of Nucor Corporation (NYSE:NUE) traded up 0.03% during mid-day trading on Friday, hitting $60.99. 5,096,300 shares of the stock traded hands. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 24.59 and a beta of 1.45. The stock has a 50-day moving average of $60.05 and a 200-day moving average of $54.65. Nucor Corporation has a 52 week low of $37.77 and a 52 week high of $68.00.
Nucor Corporation (NYSE:NUE) last released its earnings results on Tuesday, January 31st. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.34 by $0.16. Nucor Corporation had a net margin of 4.53% and a return on equity of 9.32%. The business earned $3.96 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 14.5% on a year-over-year basis. Analysts anticipate that Nucor Corporation will post $3.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Friday, December 30th were paid a dividend of $0.3775 per share. The ex-dividend date of this dividend was Wednesday, December 28th. This is a positive change from Nucor Corporation’s previous quarterly dividend of $0.38. This represents a $1.51 annualized dividend and a yield of 2.48%. Nucor Corporation’s dividend payout ratio is currently 65.94%.
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Several research analysts recently issued reports on NUE shares. Vetr downgraded Nucor Corporation from a “sell” rating to a “strong sell” rating and set a $55.66 price objective for the company. in a research report on Monday, December 5th. Deutsche Bank AG lifted their price objective on Nucor Corporation from $55.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Berenberg Bank restated a “buy” rating and set a $75.00 price objective on shares of Nucor Corporation in a research report on Sunday, February 5th. Argus lifted their price objective on Nucor Corporation from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, December 12th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Nucor Corporation in a research report on Wednesday, November 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.14.
Nucor Corporation Company Profile
Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials.
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