7,120 Shares in Nucor Co. (NYSE:NUE) Acquired by Sapient Capital LLC

Sapient Capital LLC acquired a new stake in Nucor Co. (NYSE:NUE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,120 shares of the basic materials company's stock, valued at approximately $1,243,000.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC boosted its position in shares of Nucor by 1.5% in the fourth quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company's stock valued at $636,000 after acquiring an additional 54 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in Nucor by 0.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,191 shares of the basic materials company's stock valued at $1,252,000 after purchasing an additional 55 shares during the period. Householder Group Estate & Retirement Specialist LLC grew its position in shares of 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 valued at $38,000 after purchasing an additional 59 shares in the last quarter. Center for Financial Planning Inc. increased its holdings in shares of Nucor by 7.9% in the fourth quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company's stock worth $143,000 after purchasing an additional 60 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of Nucor by 1.7% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company's stock worth $652,000 after buying an additional 68 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nucor

In related news, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total value of $609,092.15. Following 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 SEC, which can be accessed through this link. In other news, insider Michael D. Keller sold 3,145 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now directly owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Douglas J. Jellison sold 19,506 shares of the business's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the transaction, the executive vice president now owns 120,738 shares in the company, valued at approximately $23,351,936.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,651 shares of company stock worth $6,283,648. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Nucor Trading Up 2.0 %

Shares of NUE traded up $3.40 during mid-day trading on Friday, reaching $173.92. The company's stock had a trading volume of 1,054,672 shares, compared to its average volume of 1,443,490. The company has a current ratio of 4.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.31. Nucor Co. has a 52 week low of $129.79 and a 52 week high of $203.00. The company's fifty day moving average price is $189.15 and its two-hundred day moving average price is $175.21. The stock has a market cap of $41.74 billion, a PE ratio of 10.23 and a beta of 1.65.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. The business's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.45 earnings per share. On average, analysts predict that Nucor Co. will post 12.55 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business 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. The ex-dividend date is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.24%. Nucor's dividend payout ratio (DPR) is currently 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.