Nucor Co. (NYSE:NUE) Stock Holdings Raised by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 863,909 shares of the basic materials company's stock after buying an additional 46,884 shares during the quarter. Deutsche Bank AG owned 0.37% of Nucor worth $100,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nucor by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 61,438 shares of the basic materials company's stock valued at $7,170,000 after purchasing an additional 415 shares in the last quarter. Czech National Bank lifted its holdings in shares of Nucor by 5.3% in the fourth quarter. Czech National Bank now owns 50,913 shares of the basic materials company's stock valued at $5,942,000 after purchasing an additional 2,565 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Nucor by 339.2% in the fourth quarter. Capital Investment Advisors LLC now owns 6,157 shares of the basic materials company's stock valued at $719,000 after purchasing an additional 4,755 shares in the last quarter. Eastern Bank lifted its holdings in shares of Nucor by 13.7% in the fourth quarter. Eastern Bank now owns 2,283 shares of the basic materials company's stock valued at $266,000 after purchasing an additional 275 shares in the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new stake in shares of Nucor in the fourth quarter valued at about $3,872,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NUE has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. StockNews.com downgraded shares of Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Jefferies Financial Group upped their price objective on shares of Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Morgan Stanley set a $164.00 price objective on shares of Nucor in a research note on Monday, March 24th. Finally, Argus set a $155.00 price objective on shares of Nucor in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.33.

Insider Activity

In related news, CEO Leon J. Topalian sold 34,238 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the completion of the sale, the chief executive officer now directly owns 162,993 shares of the company's stock, valued at approximately $19,590,128.67. This trade represents a 17.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company's stock.

Nucor Trading Down 1.5%

NYSE:NUE traded down $1.78 during trading hours on Thursday, reaching $115.32. 2,019,615 shares of the company were exchanged, compared to its average volume of 2,104,547. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The firm has a market cap of $26.59 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.96 and a beta of 1.73. Nucor Co. has a 52-week low of $97.59 and a 52-week high of $176.59. The stock has a 50 day simple moving average of $118.20 and a 200 day simple moving average of $129.03.

Nucor (NYSE:NUE - Get Free Report) last issued its earnings results on Monday, April 28th. The basic materials company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). Nucor had a net margin of 6.60% and a return on equity of 9.85%. The business had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.25 billion. During the same period in the prior year, the business posted $3.46 EPS. The business's revenue was down 3.8% on a year-over-year basis. As a group, analysts predict that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, March 31st were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Monday, March 31st. Nucor's dividend payout ratio is presently 39.15%.

About Nucor

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.