DekaBank Deutsche Girozentrale Boosts Stock Holdings in Nucor Corporation (NYSE:NUE)

DekaBank Deutsche Girozentrale increased its holdings in shares of Nucor Corporation (NYSE:NUE - Free Report) by 1.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 131,986 shares of the basic materials company's stock after purchasing an additional 1,843 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of Nucor worth $15,769,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Personal CFO Solutions LLC grew its holdings in Nucor by 12.6% during the first quarter. Personal CFO Solutions LLC now owns 3,168 shares of the basic materials company's stock worth $381,000 after purchasing an additional 355 shares during the period. Valeo Financial Advisors LLC grew its holdings in Nucor by 19.0% during the first quarter. Valeo Financial Advisors LLC now owns 3,717 shares of the basic materials company's stock worth $447,000 after purchasing an additional 593 shares during the period. Liberty One Investment Management LLC grew its holdings in Nucor by 22.2% during the first quarter. Liberty One Investment Management LLC now owns 3,295 shares of the basic materials company's stock worth $396,000 after purchasing an additional 599 shares during the period. Consolidated Capital Management LLC bought a new position in Nucor during the first quarter worth about $5,861,000. Finally, Alpha Cubed Investments LLC bought a new stake in shares of Nucor during the first quarter worth approximately $285,000. Institutional investors own 76.48% of the company's stock.

Nucor Stock Down 0.6%

Shares of NUE stock traded down $0.88 on Friday, reaching $142.43. 1,242,965 shares of the company were exchanged, compared to its average volume of 2,242,512. The company has a market cap of $32.87 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.92 and a beta of 1.70. The company has a 50-day moving average of $122.30 and a 200-day moving average of $123.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.52 and a quick ratio of 1.48. Nucor Corporation has a one year low of $97.59 and a one year high of $170.52.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). Nucor had a return on equity of 6.82% and a net margin of 4.40%. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period last year, the company earned $3.46 EPS. Nucor's revenue for the quarter was down 3.8% compared to the same quarter last year. Analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, June 30th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, June 30th. Nucor's dividend payout ratio (DPR) is presently 39.15%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NUE. JPMorgan Chase & Co. reduced their price objective on Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Morgan Stanley boosted their price objective on Nucor from $134.00 to $149.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. BMO Capital Markets upgraded Nucor from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $140.00 to $145.00 in a report on Monday, June 2nd. The Goldman Sachs Group reduced their price objective on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Wall Street Zen cut Nucor from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $150.00.

Insiders Place Their Bets

In other news, EVP Kenneth Rex Query sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $130.37, for a total value of $1,303,700.00. Following the transaction, the executive vice president owned 94,080 shares in the company, valued at approximately $12,265,209.60. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel R. Needham sold 7,088 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.87, for a total transaction of $906,342.56. Following the transaction, the executive vice president owned 99,379 shares in the company, valued at approximately $12,707,592.73. This trade represents a 6.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,326 shares of company stock worth $6,325,108. 0.46% of the stock is currently owned by company insiders.

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.