Nucor Corporation (NYSE:NUE) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in shares of Nucor Corporation (NYSE:NUE - Free Report) by 38.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,577 shares of the basic materials company's stock after selling 8,372 shares during the period. Y Intercept Hong Kong Ltd's holdings in Nucor were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. 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 purchased a new position in shares of Nucor in the fourth quarter worth $29,000. MV Capital Management Inc. lifted its holdings in shares of Nucor by 73.5% during 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 purchased a new stake in Nucor in the fourth quarter valued at $41,000. Finally, Park Square Financial Group LLC purchased a new position in Nucor in the fourth quarter valued at $48,000. Institutional investors own 76.48% of the company's stock.

Insider Buying and Selling at Nucor

In related news, EVP Kenneth Rex Query sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $130.37, for a total transaction of $1,303,700.00. Following the completion of the transaction, the executive vice president owned 94,080 shares in the company, valued at $12,265,209.60. The trade was a 9.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Leon J. Topalian sold 34,238 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the completion of the transaction, the chief executive officer owned 162,993 shares of the company's stock, valued at approximately $19,590,128.67. This trade represents a 17.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,326 shares of company stock worth $6,325,108 in the last ninety days. 0.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Nucor from $143.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. The Goldman Sachs Group dropped their target price on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Monday, April 7th. UBS Group decreased their price objective on Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Wall Street Zen cut Nucor from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, BMO Capital Markets raised shares of Nucor from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $140.00 to $145.00 in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nucor has a consensus rating of "Moderate Buy" and an average target price of $152.75.

Nucor Price Performance

Shares of NYSE:NUE traded up $4.48 during midday trading on Friday, hitting $145.91. 1,983,006 shares of the stock were exchanged, compared to its average volume of 1,617,937. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $170.52. The stock has a market cap of $33.67 billion, a P/E ratio of 25.96, a PEG ratio of 0.93 and a beta of 1.70. The company has a 50 day moving average price of $127.65 and a 200-day moving average price of $125.01. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.32.

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

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, June 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, June 30th. Nucor's payout ratio is 39.15%.

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.