Nucor Corporation $NUE Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. has increased its holdings in Nucor Corporation by 138.5% during the 2nd quarter, now owning approximately 0.05% of the company's stock valued at $15,745,000.
• Nucor reported an earnings per share (EPS) of $2.60 for the last quarter, exceeding the consensus estimate of $2.54, while revenue reached $8.46 billion, reflecting a 4.7% increase year-over-year.
• The company declared a quarterly dividend of $0.55 per share, with an upcoming payment date of November 10th, representing a 1.6% annual yield.

Robeco Institutional Asset Management B.V. increased its holdings in Nucor Corporation (NYSE:NUE - Free Report) by 138.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,543 shares of the basic materials company's stock after buying an additional 70,581 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.05% of Nucor worth $15,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Nucor by 2.6% during the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company's stock worth $3,484,965,000 after purchasing an additional 745,671 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Nucor by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company's stock worth $277,920,000 after purchasing an additional 355,364 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Nucor by 5.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company's stock valued at $213,342,000 after buying an additional 92,363 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Nucor in the 1st quarter valued at about $194,804,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Nucor by 16.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,610,933 shares of the basic materials company's stock worth $193,863,000 after buying an additional 226,343 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Price Performance

Shares of NYSE NUE opened at $137.98 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.83. The firm has a fifty day moving average of $141.84 and a 200 day moving average of $129.00. The firm has a market cap of $31.67 billion, a PE ratio of 24.91, a PEG ratio of 0.95 and a beta of 1.75. 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 announced its earnings results on Monday, July 28th. The basic materials company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.06. The business had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.47 billion. Nucor had a net margin of 4.21% and a return on equity of 6.65%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 earnings per share. As a group, research analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 30th. Nucor's payout ratio is 39.71%.

Analyst Ratings Changes

Several research analysts recently weighed in on NUE shares. JPMorgan Chase & Co. lifted their price target on Nucor from $143.00 to $162.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Jefferies Financial Group raised shares of Nucor from a "hold" rating to a "buy" rating and lifted their target price for the company from $135.00 to $170.00 in a report on Thursday, July 31st. Wells Fargo & Company lowered their price target on shares of Nucor from $146.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday, September 18th. Bank of America raised their price target on shares of Nucor from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Nucor from $182.00 to $173.00 and set a "buy" rating for the company in a research report on Monday, September 22nd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $156.60.

Insider Transactions at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 10,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $144.90, for a total value of $1,449,000.00. Following the transaction, the executive vice president owned 84,080 shares in the company, valued at approximately $12,183,192. This trade represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel R. Needham sold 7,200 shares of Nucor stock in a transaction on Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the sale, the executive vice president directly owned 92,179 shares in the company, valued at approximately $13,458,134. This trade represents a 7.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,309 shares of company stock worth $4,553,771 over the last three months. 0.46% of the stock is owned by insiders.

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.

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