Nucor Co. (NYSE:NUE) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of Nucor Co. (NYSE:NUE - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,607 shares of the basic materials company's stock after selling 11,428 shares during the quarter. Truist Financial Corp owned approximately 0.07% of Nucor worth $30,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new position in Nucor in the 4th quarter valued at $25,000. Valley National Advisers Inc. raised its holdings in shares of Nucor by 716.7% in the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company's stock valued at $34,000 after buying an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in Nucor by 36.6% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company's stock worth $38,000 after buying an additional 59 shares in the last quarter. OFI Invest Asset Management bought a new stake in Nucor during the 3rd quarter worth about $40,000. Finally, Exchange Traded Concepts LLC increased its position in Nucor by 2,410.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company's stock.

Insider Activity

In related news, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the sale, the executive vice president now owns 80,902 shares of the company's stock, valued at approximately $15,386,751.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Michael D. Keller sold 3,145 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the transaction, the insider now directly owns 24,873 shares of the company's stock, valued at $4,817,153.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allen C. Behr sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the sale, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. Insiders have sold a total of 38,151 shares of company stock worth $7,308,683 over the last three months. Corporate insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NUE shares. JPMorgan Chase & Co. reduced their target price on shares of Nucor from $195.00 to $190.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. UBS Group assumed coverage on Nucor in a research report on Tuesday, January 16th. They issued a "buy" rating and a $210.00 price objective on the stock. StockNews.com downgraded Nucor from a "buy" rating to a "hold" rating in a research report on Tuesday, April 23rd. BMO Capital Markets cut their price target on Nucor from $210.00 to $200.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 24th. Finally, Citigroup upgraded shares of Nucor from a "neutral" rating to a "buy" rating and upped their target price for the company from $180.00 to $240.00 in a research report on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $193.14.

Nucor Trading Down 0.1 %

NYSE NUE traded down $0.18 during trading on Monday, reaching $175.24. 1,198,739 shares of the stock traded hands, compared to its average volume of 1,438,269. The stock's 50-day moving average price is $190.42 and its 200 day moving average price is $174.78. The firm has a market cap of $42.05 billion, a price-to-earnings ratio of 10.31 and a beta of 1.61. Nucor Co. has a fifty-two week low of $129.79 and a fifty-two week high of $203.00. The company has a quick ratio of 2.48, a current ratio of 4.02 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The business had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the firm earned $4.45 EPS. The company's revenue for the quarter was down 6.6% on a year-over-year basis. Analysts predict that Nucor Co. will post 12.5 EPS for the current year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Wednesday, March 27th. Nucor's dividend payout ratio is 12.71%.

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.