Nucor Co. (NYSE:NUE) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. trimmed its holdings in Nucor Co. (NYSE:NUE) by 7.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,597 shares of the basic materials company’s stock after selling 129 shares during the period. Gilbert & Cook Inc.’s holdings in Nucor were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NUE. McClarren Financial Advisors Inc. grew its position in Nucor by 129.0% in the second quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Rise Advisors LLC bought a new stake in Nucor during the 1st quarter valued at $27,000. Chilton Capital Management LLC grew its position in Nucor by 94.2% in the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock valued at $27,000 after buying an additional 65 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Nucor in the first quarter valued at approximately $28,000. Finally, Tompkins Financial Corp increased its position in shares of Nucor by 208.0% during the 1st quarter. Tompkins Financial Corp now owns 154 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Nucor Trading Up 1.3 %

Shares of NUE stock opened at $151.91 on Tuesday. The business’s 50 day moving average is $153.35 and its two-hundred day moving average is $170.41. The company has a quick ratio of 1.85, a current ratio of 2.93 and a debt-to-equity ratio of 0.26. Nucor Co. has a 12 month low of $139.41 and a 12 month high of $203.00. The company has a market cap of $36.42 billion, a PE ratio of 8.94 and a beta of 1.57.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, July 22nd. The basic materials company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.37. Nucor had a net margin of 10.45% and a return on equity of 15.69%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.69 billion. During the same period in the prior year, the company earned $5.81 earnings per share. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. Equities analysts predict that Nucor Co. will post 9.91 EPS for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, June 28th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, June 28th. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Insider Transactions at Nucor

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $160.00, for a total value of $1,379,840.00. Following the completion of the transaction, the executive vice president now owns 99,049 shares of the company’s stock, valued at approximately $15,847,840. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Nucor in a report on Monday, May 20th. They set a “hold” rating and a $190.00 price target on the stock. Argus upgraded Nucor to a “strong-buy” rating in a research note on Monday, August 26th. Bank of America reduced their price target on Nucor from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. JPMorgan Chase & Co. dropped their price objective on Nucor from $180.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Finally, Morgan Stanley upgraded shares of Nucor from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $187.00 to $176.00 in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $194.43.

Nucor 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.