Vise Technologies Inc. Has $925,000 Stock Holdings in Nucor Co. (NYSE:NUE)

Vise Technologies Inc. increased its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 73.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,928 shares of the basic materials company's stock after purchasing an additional 3,370 shares during the quarter. Vise Technologies Inc.'s holdings in Nucor were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Nucor in the 4th quarter valued at about $398,077,000. First Trust Advisors LP raised its position in shares of Nucor by 24.6% in the 4th quarter. First Trust Advisors LP now owns 2,404,477 shares of the basic materials company's stock valued at $280,627,000 after purchasing an additional 474,274 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Nucor by 528.6% in the 4th quarter. Voya Investment Management LLC now owns 507,715 shares of the basic materials company's stock valued at $59,235,000 after purchasing an additional 426,949 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Nucor by 18.7% in the 4th quarter. Invesco Ltd. now owns 2,435,265 shares of the basic materials company's stock valued at $284,220,000 after acquiring an additional 384,205 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Nucor in the 4th quarter valued at approximately $38,714,000. Hedge funds and other institutional investors own 76.48% of the company's stock.

Nucor Trading Down 0.9%

Shares of NUE stock traded down $1.03 on Friday, reaching $107.91. 832,364 shares of the stock were exchanged, compared to its average volume of 2,134,243. The stock has a market cap of $24.90 billion, a PE ratio of 12.82, a P/E/G ratio of 0.96 and a beta of 1.73. Nucor Co. has a one year low of $97.59 and a one 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. The stock has a 50 day moving average price of $114.38 and a 200 day moving average price of $126.07.

Nucor (NYSE:NUE - Get Free Report) last released 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). 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 was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.46 EPS. Equities research analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley set a $164.00 price target on Nucor in a research note on Monday, March 24th. The Goldman Sachs Group reduced their price objective on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Wall Street Zen lowered Nucor from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. UBS Group decreased their target price on Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One research 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.89.

Insider Activity at Nucor

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was 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. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

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.