Nucor Corporation (NYSE:NUE) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Nucor Corporation (NYSE:NUE - Free Report) by 64.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,962 shares of the basic materials company's stock after purchasing an additional 19,936 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Nucor were worth $6,133,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Nucor in the fourth quarter worth approximately $25,000. Putney Financial Group LLC bought a new position in Nucor in the 4th quarter valued at $29,000. MV Capital Management Inc. increased its stake in Nucor by 73.5% in the first 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 bought a new stake in shares of Nucor during the fourth quarter worth $41,000. Finally, Spirit of America Management Corp NY bought a new stake in shares of Nucor during the first quarter worth $48,000. Institutional investors own 76.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NUE shares. Wall Street Zen cut shares of Nucor from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Morgan Stanley boosted 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. BMO Capital Markets raised shares of Nucor from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $140.00 to $145.00 in a research report on Monday, June 2nd. Argus set a $155.00 price target on shares of Nucor in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group dropped their price objective on Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nucor presently has an average rating of "Moderate Buy" and an average price target of $150.00.

Nucor Stock Up 3.5%

Shares of NUE traded up $4.73 during mid-day trading on Wednesday, hitting $138.84. The company's stock had a trading volume of 1,967,636 shares, compared to its average volume of 2,237,711. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.32. The company's 50-day moving average is $119.13 and its 200-day moving average is $122.13. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $170.52. The firm has a market capitalization of $32.04 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.87 and a beta of 1.70.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). Nucor had a return on equity of 6.82% and a net margin of 4.40%. The company had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.25 billion. During the same quarter in the prior year, the company earned $3.46 EPS. The firm's quarterly revenue was down 3.8% on a year-over-year basis. On average, equities research analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, June 30th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.20 annualized dividend and a yield of 1.58%. Nucor's dividend payout ratio (DPR) is presently 39.15%.

Insiders Place Their Bets

In related news, EVP Daniel R. Needham sold 7,088 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.87, for a total transaction of $906,342.56. Following the completion of the transaction, the executive vice president owned 99,379 shares in the company, valued at $12,707,592.73. The trade was a 6.66% decrease in their position. The transaction 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 the firm's stock in a transaction that occurred 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 owned 94,080 shares of the company's stock, valued at approximately $12,265,209.60. This trade represents a 9.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,326 shares of company stock worth $6,325,108. 0.46% of the stock is owned by corporate insiders.

About Nucor

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.