PKO Investment Management Joint Stock Co Makes New $1.06 Million Investment in Nucor Co. (NYSE:NUE)

PKO Investment Management Joint Stock Co purchased a new stake in shares of Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,120 shares of the basic materials company's stock, valued at approximately $1,064,000.

Other large investors have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Nucor during the fourth quarter valued at $25,000. Crews Bank & Trust bought a new position in Nucor during the fourth quarter worth $29,000. Putney Financial Group LLC bought a new position in Nucor during the fourth quarter worth $29,000. New Wave Wealth Advisors LLC bought a new position in Nucor during the fourth quarter worth $33,000. Finally, Fourth Dimension Wealth LLC bought a new position in Nucor during the fourth quarter worth $41,000. Institutional investors own 76.48% of the company's stock.

Insider Activity

In related news, CEO Leon J. Topalian sold 34,238 shares of the business's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NUE shares. JPMorgan Chase & Co. lowered their target price on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group lowered their target price on shares of Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday. Wall Street Zen downgraded shares of Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Argus set a $155.00 target price on shares of Nucor in a research note on Wednesday, March 5th. Finally, Morgan Stanley set a $164.00 price target on shares of Nucor in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Nucor has a consensus rating of "Moderate Buy" and an average target price of $158.89.

Nucor Stock Up 0.3%

Shares of NYSE NUE traded up $0.36 during mid-day trading on Friday, reaching $109.30. 3,371,202 shares of the company's stock traded hands, compared to its average volume of 2,146,528. The stock has a market cap of $25.22 billion, a P/E ratio of 13.00, a PEG ratio of 0.96 and a beta of 1.73. The business has a 50-day simple moving average of $114.02 and a 200 day simple moving average of $125.44. Nucor Co. has a 1-year low of $97.59 and a 1-year high of $170.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.25 billion. Nucor had a net margin of 6.60% and a return on equity of 9.85%. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.46 earnings per share. On average, analysts expect that Nucor Co. will post 7.64 EPS for the current fiscal year.

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.