Nucor Corporation $NUE Stock Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Nucor Corporation (NYSE:NUE - Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,539,044 shares of the basic materials company's stock after buying an additional 22,718 shares during the quarter. Dimensional Fund Advisors LP owned 1.12% of Nucor worth $429,298,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Nucor by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company's stock worth $4,633,554,000 after purchasing an additional 144,038 shares in the last quarter. Morgan Stanley lifted its position in Nucor by 1.1% in the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company's stock worth $628,497,000 after purchasing an additional 41,728 shares during the period. Norges Bank acquired a new stake in Nucor during the fourth quarter worth $609,002,000. Charles Schwab Investment Management Inc. increased its holdings in Nucor by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,919,883 shares of the basic materials company's stock valued at $313,152,000 after buying an additional 56,565 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Nucor by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company's stock valued at $306,054,000 after buying an additional 29,476 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company's stock.

Insider Activity at Nucor

In other news, EVP Allen C. Behr sold 10,096 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the transaction, the executive vice president directly owned 62,871 shares in the company, valued at $14,213,875.68. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total value of $2,729,337.60. Following the completion of the transaction, the executive vice president directly owned 97,865 shares in the company, valued at approximately $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,378 shares of company stock worth $18,963,930 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Nucor Stock Performance

Shares of NYSE:NUE opened at $230.86 on Tuesday. Nucor Corporation has a 12-month low of $131.32 and a 12-month high of $270.90. The company's 50 day moving average price is $239.19 and its two-hundred day moving average price is $202.36. The firm has a market cap of $52.58 billion, a PE ratio of 22.86, a PEG ratio of 0.54 and a beta of 1.91. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. The business had revenue of $9.50 billion during the quarter, compared to analysts' expectations of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. Equities research analysts predict that Nucor Corporation will post 17.68 earnings per share for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Nucor's dividend payout ratio is presently 22.18%.

Analyst Upgrades and Downgrades

NUE has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of Nucor from $227.00 to $258.00 and gave the company an "equal weight" rating in a research note on Monday, June 22nd. KeyCorp raised shares of Nucor from a "sector weight" rating to an "overweight" rating and set a $274.00 price target for the company in a research note on Wednesday, June 24th. Seaport Research Partners increased their price objective on shares of Nucor from $245.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Weiss Ratings raised shares of Nucor from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, May 14th. Finally, Citigroup reiterated a "positive" rating on shares of Nucor in a research report on Wednesday, July 15th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Nucor presently has a consensus rating of "Moderate Buy" and an average target price of $266.31.

Nucor Profile

Nucor Corporation NYSE: NUE is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor's operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.