Worldquant Millennium Advisors LLC acquired a new stake in Nucor Co. (NYSE:NUE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 69,621 shares of the basic materials company's stock, valued at approximately $8,125,000.
Several other large investors have also bought and sold shares of NUE. Waverly Advisors LLC raised its position in shares of Nucor by 0.6% during the 4th quarter. Waverly Advisors LLC now owns 65,765 shares of the basic materials company's stock valued at $7,675,000 after acquiring an additional 363 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Nucor during the fourth quarter worth $931,000. iSAM Funds UK Ltd acquired a new stake in shares of Nucor during the fourth quarter worth $501,000. Vivaldi Capital Management LP bought a new stake in Nucor in the fourth quarter valued at about $5,096,000. Finally, Twinbeech Capital LP bought a new stake in Nucor in the fourth quarter valued at about $30,515,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on NUE shares. UBS Group raised Nucor from a "neutral" rating to a "buy" rating and increased their target price for the company from $156.00 to $160.00 in a research note on Monday, March 24th. Argus set a $155.00 target price on Nucor in a research note on Wednesday, March 5th. Jefferies Financial Group increased their target price on Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Wall Street Zen lowered Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their target price 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nucor currently has a consensus rating of "Moderate Buy" and an average target price of $160.33.
View Our Latest Stock Analysis on NUE
Nucor Stock Down 2.1%
Shares of NYSE NUE traded down $2.34 during mid-day trading on Friday, reaching $108.35. 3,904,493 shares of the company's stock were exchanged, compared to its average volume of 2,132,947. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.96 and a beta of 1.73. Nucor Co. has a twelve month low of $97.59 and a twelve month high of $171.26. The business has a fifty day simple moving average of $115.87 and a 200 day simple moving average of $127.53.
Nucor (NYSE:NUE - Get Free Report) last released its earnings results on Monday, April 28th. The basic materials company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.15). The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. Nucor had a net margin of 6.60% and a return on equity of 9.85%. The company's revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.46 EPS. As a group, equities analysts expect that Nucor Co. will post 7.64 EPS for the current fiscal year.
Insider Buying and Selling at Nucor
In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 162,993 shares in the company, valued at approximately $19,590,128.67. The trade was a 17.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.71% of the company's stock.
Nucor Profile
(
Free Report)
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.
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