Czech National Bank Grows Stock Position in Nucor Co. (NYSE:NUE)

Czech National Bank raised its position in Nucor Co. (NYSE:NUE - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,911 shares of the basic materials company's stock after purchasing an additional 2,998 shares during the quarter. Czech National Bank's holdings in Nucor were worth $6,488,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Nucor during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in Nucor during the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new position in Nucor in the 4th quarter valued at $41,000. Park Square Financial Group LLC bought a new position in Nucor in the 4th quarter valued at $48,000. Finally, Beacon Capital Management LLC increased its stake in Nucor by 29.1% in the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after purchasing an additional 94 shares during the period. Institutional investors own 76.48% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NUE. Wall Street Zen lowered shares of Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. UBS Group dropped their target price on shares of Nucor from $153.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. The Goldman Sachs Group decreased their price target on shares of Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, BMO Capital Markets upgraded Nucor from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $140.00 to $145.00 in a report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nucor currently has an average rating of "Moderate Buy" and an average price target of $157.22.

Insider Transactions at Nucor

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the firm's stock in a transaction that occurred 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 transaction, 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 filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company's stock.

Nucor Stock Down 0.3%

Shares of NYSE:NUE traded down $0.32 during trading on Wednesday, reaching $122.00. The stock had a trading volume of 2,248,743 shares, compared to its average volume of 2,181,689. The firm's 50-day simple moving average is $113.78 and its 200 day simple moving average is $125.23. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a one year low of $97.59 and a one year high of $170.52. The company has a market capitalization of $28.15 billion, a P/E ratio of 14.51, a PEG ratio of 0.96 and a beta of 1.73.

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

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.