Siemens Fonds Invest GmbH Purchases 9,332 Shares of Nucor Co. (NYSE:NUE)

Siemens Fonds Invest GmbH lifted its stake in Nucor Co. (NYSE:NUE - Free Report) by 305.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,386 shares of the basic materials company's stock after acquiring an additional 9,332 shares during the period. Siemens Fonds Invest GmbH's holdings in Nucor were worth $1,446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Canal Capital Management LLC grew its stake in shares of Nucor by 2.5% in the fourth quarter. Canal Capital Management LLC now owns 3,075 shares of the basic materials company's stock worth $359,000 after acquiring an additional 75 shares during the last quarter. Horrell Capital Management Inc. grew its stake in shares of Nucor by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock worth $3,111,000 after acquiring an additional 76 shares during the last quarter. TCI Wealth Advisors Inc. grew its stake in shares of Nucor by 4.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company's stock worth $252,000 after acquiring an additional 91 shares during the last quarter. Jessup Wealth Management Inc grew its stake in shares of Nucor by 0.9% in the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after acquiring an additional 93 shares during the last quarter. Finally, Beacon Capital Management LLC grew its stake in shares of Nucor by 29.1% in the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company's stock.

Nucor Price Performance

Shares of Nucor stock traded down $0.79 during trading on Tuesday, reaching $115.03. The company's stock had a trading volume of 1,197,377 shares, compared to its average volume of 2,110,004. The stock has a 50-day moving average price of $117.38 and a two-hundred day moving average price of $128.20. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a one year low of $97.59 and a one year high of $173.00. The stock has a market capitalization of $26.52 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.96 and a beta of 1.73.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). The business 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 business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 earnings per share. As a group, sell-side analysts anticipate that Nucor Co. will post 7.64 EPS for the current fiscal year.

Insider Transactions at Nucor

In other 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 transaction of $4,115,065.22. Following the completion of the transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NUE. StockNews.com downgraded shares of Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Jefferies Financial Group lifted their price target on shares of Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley set a $164.00 price target on shares of Nucor in a research note on Monday, March 24th. Finally, Argus set a $155.00 price target on shares of Nucor in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $160.33.

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.