Nucor Co. (NYSE:NUE) Stake Boosted by Hudson Capital Management LLC

Hudson Capital Management LLC increased its stake in Nucor Co. (NYSE:NUE - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,630 shares of the basic materials company's stock after purchasing an additional 2,820 shares during the period. Hudson Capital Management LLC's holdings in Nucor were worth $3,927,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Canal Capital Management LLC lifted its position in shares of Nucor by 2.5% in the fourth quarter. Canal Capital Management LLC now owns 3,075 shares of the basic materials company's stock valued at $359,000 after acquiring an additional 75 shares in the last quarter. Horrell Capital Management Inc. increased its holdings in shares of Nucor by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock valued at $3,111,000 after purchasing an additional 76 shares during the last quarter. Jessup Wealth Management Inc increased its stake in Nucor by 0.9% during the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after acquiring an additional 93 shares during the last quarter. Beacon Capital Management LLC increased its stake in Nucor by 29.1% during the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after acquiring an additional 94 shares during the last quarter. Finally, Diligent Investors LLC increased its stake in Nucor by 4.6% during the first quarter. Diligent Investors LLC now owns 2,296 shares of the basic materials company's stock worth $276,000 after acquiring an additional 102 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Up 2.5%

NYSE:NUE traded up $2.96 during mid-day trading on Friday, reaching $121.71. The stock had a trading volume of 2,061,217 shares, compared to its average volume of 2,192,487. 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 stock's 50 day simple moving average is $113.79 and its two-hundred day simple moving average is $124.85. Nucor Co. has a 1-year low of $97.59 and a 1-year high of $170.52. The company has a market capitalization of $28.08 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67.

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

Insider Buying and Selling at Nucor

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of Nucor 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 transaction, the chief executive officer now directly owns 162,993 shares in the company, valued at approximately $19,590,128.67. The trade was a 17.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NUE. The Goldman Sachs Group decreased their target price on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a report on Monday, April 7th. Morgan Stanley set a $164.00 price target on Nucor in a report on Monday, March 24th. BMO Capital Markets raised Nucor from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $140.00 to $145.00 in a report on Monday, June 2nd. Wall Street Zen downgraded Nucor from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nucor currently has an average rating of "Moderate Buy" and an average target price of $157.22.

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.