DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $223,000 Stock Holdings in Nucor Co. (NYSE:NUE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 96.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,913 shares of the basic materials company's stock after selling 60,090 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Nucor were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Nucor during the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new position in Nucor in the fourth quarter valued at approximately $29,000. New Wave Wealth Advisors LLC acquired a new position in shares of Nucor in the fourth quarter valued at approximately $33,000. Beacon Capital Management LLC boosted its holdings 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 valued at $49,000 after buying an additional 94 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Nucor during the fourth quarter worth $50,000. Institutional investors own 76.48% of the company's stock.

Insider Buying and Selling

In other news, CEO Leon J. Topalian sold 34,238 shares of the firm'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 completion of the sale, the chief executive officer now directly owns 162,993 shares of the company's stock, valued at $19,590,128.67. This trade represents a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Nucor Stock Up 0.3%

NUE stock traded up $0.39 during mid-day trading on Friday, reaching $115.85. The company had a trading volume of 1,832,110 shares, compared to its average volume of 2,106,002. The company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.96 and a beta of 1.73. Nucor Co. has a 52 week low of $97.59 and a 52 week high of $176.59. The stock has a 50 day simple moving average of $117.98 and a two-hundred day simple moving average of $128.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

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 the consensus estimate of $0.92 by ($0.15). Nucor had a net margin of 6.60% and a return on equity of 9.85%. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the prior year, the business posted $3.46 earnings per share. Nucor's quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts predict that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, March 31st were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Monday, March 31st. Nucor's payout ratio is currently 39.15%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Argus set a $155.00 target price on shares of Nucor in a research note on Wednesday, March 5th. Morgan Stanley set a $164.00 price target on Nucor in a research note on Monday, March 24th. StockNews.com cut Nucor from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group dropped their target price on Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Jefferies Financial Group boosted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nucor has a consensus rating of "Moderate Buy" and an average target price of $160.33.

Nucor Company 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.