Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Nucor Co. (NYSE:NUE)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Nucor Co. (NYSE:NUE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 134,247 shares of the basic materials company's stock, valued at approximately $15,668,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Nucor at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Nucor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 5,967,254 shares of the basic materials company's stock worth $701,255,000 after buying an additional 105,309 shares in the last quarter. Norges Bank bought a new stake in shares of Nucor during the 4th quarter worth about $398,077,000. Invesco Ltd. raised its position in shares of Nucor by 18.7% during the 4th quarter. Invesco Ltd. now owns 2,435,265 shares of the basic materials company's stock worth $284,220,000 after buying an additional 384,205 shares in the last quarter. First Trust Advisors LP raised its position in shares of Nucor by 24.6% during the 4th quarter. First Trust Advisors LP now owns 2,404,477 shares of the basic materials company's stock worth $280,627,000 after buying an additional 474,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Nucor by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,680,468 shares of the basic materials company's stock worth $196,127,000 after buying an additional 68,252 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NUE. Argus set a $155.00 price objective on shares of Nucor in a research note on Wednesday, March 5th. Wall Street Zen downgraded shares of Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Morgan Stanley set a $164.00 price objective on shares of Nucor in a report on Monday, March 24th. The Goldman Sachs Group reduced 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, UBS Group lowered their price objective on Nucor from $153.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Nucor presently has an average rating of "Moderate Buy" and a consensus target price of $158.89.

Nucor Trading Up 0.3%

NUE stock traded up $0.36 during midday trading on Friday, reaching $109.30. The company's stock had a trading volume of 3,371,202 shares, compared to its average volume of 2,146,528. Nucor Co. has a 52 week low of $97.59 and a 52 week high of $170.52. The stock has a market cap of $25.22 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.73. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The business's 50-day simple moving average is $114.02 and its 200-day simple moving average is $125.76.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly 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). The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.25 billion. Nucor had a return on equity of 9.85% and a net margin of 6.60%. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.46 earnings per share. As a group, sell-side analysts expect that Nucor Co. will post 7.64 EPS for the current year.

Insider Transactions at Nucor

In related news, CEO Leon J. Topalian sold 34,238 shares of the company's 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 completion of the transaction, the chief executive officer now directly owns 162,993 shares of the company's stock, valued at approximately $19,590,128.67. This represents a 17.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company's stock.

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.