Nucor Corporation (NYSE:NUE) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in shares of Nucor Corporation (NYSE:NUE - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,552 shares of the basic materials company's stock after acquiring an additional 3,256 shares during the period. IFM Investors Pty Ltd's holdings in Nucor were worth $5,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canal Capital Management LLC lifted its position in shares of Nucor by 2.5% during the fourth quarter. Canal Capital Management LLC now owns 3,075 shares of the basic materials company's stock valued at $359,000 after buying an additional 75 shares during the last quarter. Horrell Capital Management Inc. raised its position in shares of Nucor by 0.3% in the 4th 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. Highline Wealth Partners LLC raised its position in shares of Nucor by 2.6% in the 1st quarter. Highline Wealth Partners LLC now owns 3,512 shares of the basic materials company's stock valued at $423,000 after purchasing an additional 90 shares during the last quarter. Diligent Investors LLC raised its position in shares of Nucor by 4.6% in the 1st quarter. Diligent Investors LLC now owns 2,296 shares of the basic materials company's stock valued at $276,000 after purchasing an additional 102 shares during the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Nucor by 1.0% in the 4th quarter. King Luther Capital Management Corp now owns 10,777 shares of the basic materials company's stock valued at $1,258,000 after purchasing an additional 105 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Insider Transactions at Nucor

In related news, CEO Leon J. Topalian sold 34,238 shares of Nucor stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $120.19, for a total value of $4,115,065.22. Following the sale, the chief executive officer owned 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Rex Query sold 10,000 shares of Nucor stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $130.37, for a total transaction of $1,303,700.00. Following the completion of the sale, the executive vice president directly owned 94,080 shares in the company, valued at $12,265,209.60. This represents a 9.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,326 shares of company stock valued at $6,325,108 in the last 90 days. 0.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NUE has been the subject of several research analyst reports. Morgan Stanley increased their price objective on shares of Nucor from $134.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. Wall Street Zen lowered shares of Nucor from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group decreased their price objective on shares of Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target 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. Finally, BMO Capital Markets raised shares of Nucor from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $140.00 to $145.00 in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Nucor has a consensus rating of "Moderate Buy" and a consensus price target of $150.00.

Nucor Stock Performance

Shares of NYSE NUE traded up $0.02 during midday trading on Monday, reaching $137.89. 326,179 shares of the stock were exchanged, compared to its average volume of 2,235,230. The firm has a market cap of $31.82 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 0.88 and a beta of 1.70. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $170.52. The firm has a 50-day simple moving average of $120.58 and a two-hundred day simple moving average of $122.54. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.32.

Nucor (NYSE:NUE - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.25 billion. Nucor had a return on equity of 6.82% and a net margin of 4.40%. Nucor's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.46 EPS. As a group, analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.60%. Nucor's payout ratio is 39.15%.

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.