3,011 Shares in Nucor Corporation $NUE Acquired by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC has invested approximately $390,000 in Nucor Corporation, purchasing 3,011 shares of the company in the second quarter.
• The company recently announced a quarterly dividend of $0.55 per share, representing a yield of 1.5% for shareholders of record by September 30th.
• Nucor's stock saw a slight decrease of 0.2% and has a market cap of $32.75 billion, with stock hitting a one-year high of $170.52 and low of $97.59.

Sivia Capital Partners LLC acquired a new stake in shares of Nucor Corporation (NYSE:NUE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,011 shares of the basic materials company's stock, valued at approximately $390,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Nucor by 17.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,595 shares of the basic materials company's stock valued at $3,853,000 after acquiring an additional 4,763 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Nucor by 21.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,459 shares of the basic materials company's stock valued at $12,210,000 after acquiring an additional 17,861 shares during the period. Assenagon Asset Management S.A. lifted its stake in Nucor by 20.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 28,886 shares of the basic materials company's stock valued at $3,476,000 after acquiring an additional 4,914 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Nucor by 12.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 305,006 shares of the basic materials company's stock valued at $36,704,000 after purchasing an additional 33,700 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Nucor by 48.6% during the 1st quarter. GAMMA Investing LLC now owns 4,203 shares of the basic materials company's stock valued at $506,000 after purchasing an additional 1,375 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Trading Down 0.9%

Shares of NUE stock traded down $1.27 on Friday, hitting $133.03. 4,862,886 shares of the stock traded hands, compared to its average volume of 1,419,934. The firm's 50-day moving average price is $142.95 and its two-hundred day moving average price is $128.60. 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 stock has a market capitalization of $30.54 billion, a PE ratio of 24.01, a PEG ratio of 0.88 and a beta of 1.76. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $170.52.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results on Monday, July 28th. The basic materials company reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.06. Nucor had a net margin of 4.21% and a return on equity of 6.65%. The company had revenue of $8.46 billion for the quarter, compared to analysts' expectations of $8.47 billion. During the same quarter in the prior year, the company posted $2.68 earnings per share. Nucor's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. Nucor's dividend payout ratio is presently 39.71%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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. 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 report on Monday, June 2nd. 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 report on Monday, July 14th. UBS Group cut their target price on shares of Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Finally, Bank of America boosted their price target on shares of Nucor from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.20.

Insider Activity at Nucor

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the business's stock in a transaction dated Monday, August 18th. The shares were 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 $13,458,134. This represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Keller sold 6,088 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $148.41, for a total transaction of $903,520.08. Following the sale, the insider owned 22,464 shares in the company, valued at $3,333,882.24. This trade represents a 21.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,397 shares of company stock worth $6,763,814. 0.46% of the stock is owned by corporate insiders.

Nucor Company 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.