Nucor Co. (NYSE:NUE) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in shares of Nucor Co. (NYSE:NUEGet Rating) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,070 shares of the basic materials company’s stock after acquiring an additional 1,325 shares during the quarter. Cetera Investment Advisers’ holdings in Nucor were worth $3,348,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Cetera Advisor Networks LLC increased its stake in Nucor by 26.8% in the second quarter. Cetera Advisor Networks LLC now owns 13,277 shares of the basic materials company’s stock valued at $1,387,000 after purchasing an additional 2,804 shares during the period. Checchi Capital Advisers LLC increased its stake in Nucor by 12.9% in the second quarter. Checchi Capital Advisers LLC now owns 3,562 shares of the basic materials company’s stock valued at $484,000 after purchasing an additional 406 shares during the period. King Luther Capital Management Corp increased its stake in Nucor by 2.4% in the second quarter. King Luther Capital Management Corp now owns 9,730 shares of the basic materials company’s stock valued at $1,016,000 after purchasing an additional 230 shares during the period. Bridgewater Associates LP acquired a new position in Nucor in the second quarter valued at $11,705,000. Finally, Apollon Wealth Management LLC increased its stake in Nucor by 46.2% in the second quarter. Apollon Wealth Management LLC now owns 4,823 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 1,525 shares during the period. 79.07% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Down 1.6 %

NUE stock opened at $149.73 on Thursday. The company has a market cap of $38.41 billion, a P/E ratio of 4.71 and a beta of 1.48. Nucor Co. has a 52 week low of $88.50 and a 52 week high of $187.90. The company’s 50-day moving average price is $125.56 and its 200 day moving average price is $125.64. The company has a current ratio of 3.10, a quick ratio of 1.79 and a debt-to-equity ratio of 0.35.

Nucor (NYSE:NUEGet Rating) last released its quarterly earnings data on Thursday, October 20th. The basic materials company reported $6.50 EPS for the quarter, topping analysts’ consensus estimates of $6.45 by $0.05. The firm had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.43 billion. Nucor had a net margin of 19.93% and a return on equity of 51.03%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.28 earnings per share. On average, research analysts expect that Nucor Co. will post 29.84 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Friday, September 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, September 29th. Nucor’s dividend payout ratio is currently 6.29%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com started coverage on shares of Nucor in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. BMO Capital Markets lifted their target price on shares of Nucor from $113.00 to $142.00 and gave the company a “market perform” rating in a report on Wednesday, November 9th. Citigroup lifted their target price on shares of Nucor to $145.00 in a report on Tuesday, September 13th. Credit Suisse Group lowered their target price on shares of Nucor from $165.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, September 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Nucor from $127.00 to $114.00 and set a “neutral” rating on the stock in a report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Nucor has an average rating of “Hold” and an average price target of $132.33.

Insiders Place Their Bets

In other Nucor news, EVP John J. Hollatz sold 2,450 shares of Nucor stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $134.40, for a total transaction of $329,280.00. Following the completion of the transaction, the executive vice president now owns 52,282 shares in the company, valued at $7,026,700.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Nucor news, EVP Gregory J. Murphy sold 3,000 shares of Nucor stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $137.29, for a total transaction of $411,870.00. Following the completion of the transaction, the executive vice president now owns 49,549 shares in the company, valued at $6,802,582.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John J. Hollatz sold 2,450 shares of Nucor stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $134.40, for a total transaction of $329,280.00. Following the transaction, the executive vice president now owns 52,282 shares of the company’s stock, valued at approximately $7,026,700.80. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.

Nucor Profile

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Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

See Also

Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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