Nucor Corporation (NYSE:NUE) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its position in Nucor Corporation (NYSE:NUE - Free Report) by 40.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,752 shares of the basic materials company's stock after selling 2,565 shares during the period. Twin Capital Management Inc.'s holdings in Nucor were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NUE. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Nucor in the 4th quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in Nucor in the 4th quarter worth approximately $29,000. MV Capital Management Inc. boosted its stake in Nucor by 73.5% in the 1st quarter. MV Capital Management Inc. now owns 281 shares of the basic materials company's stock worth $34,000 after purchasing an additional 119 shares during the period. Fourth Dimension Wealth LLC acquired a new position in Nucor in the 4th quarter worth approximately $41,000. Finally, Park Square Financial Group LLC acquired a new position in Nucor in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Nucor from $134.00 to $149.00 and gave the stock an "overweight" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. lifted their target price on shares of Nucor from $143.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. BMO Capital Markets raised shares of Nucor from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $140.00 to $145.00 in a research note on Monday, June 2nd. The Goldman Sachs Group decreased their target price on shares of Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Wall Street Zen lowered shares of Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $152.75.

Insider Buying and Selling

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 transaction, the chief executive officer owned 162,993 shares in the company, valued at $19,590,128.67. This trade represents a 17.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kenneth Rex Query sold 10,000 shares of Nucor stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $130.37, for a total transaction of $1,303,700.00. Following the completion of the transaction, the executive vice president owned 94,080 shares in the company, valued at $12,265,209.60. This trade 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 worth $6,325,108 in the last quarter. 0.71% of the stock is currently owned by company insiders.

Nucor Stock Down 0.1%

NUE stock opened at $140.64 on Monday. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.32. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $170.52. The company has a fifty day simple moving average of $125.02 and a 200 day simple moving average of $124.18. The firm has a market cap of $32.45 billion, a PE ratio of 25.02, a PEG ratio of 0.89 and a beta of 1.70.

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 the consensus estimate of $0.92 by ($0.15). The business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.25 billion. Nucor had a net margin of 4.40% and a return on equity of 6.82%. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.46 EPS. Sell-side analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Monday, June 30th will be issued a $0.55 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.20 annualized dividend and a yield of 1.56%. Nucor's dividend payout ratio (DPR) is presently 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.

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