Fisher Asset Management LLC Has $26.74 Million Stock Holdings in Nucor Co. (NYSE:NUE)

Fisher Asset Management LLC lifted its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,623 shares of the basic materials company's stock after purchasing an additional 5,994 shares during the quarter. Fisher Asset Management LLC owned about 0.06% of Nucor worth $26,737,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Northern Trust Corp lifted its position in shares of Nucor by 3.7% during the 3rd quarter. Northern Trust Corp now owns 4,175,571 shares of the basic materials company's stock valued at $652,851,000 after acquiring an additional 149,589 shares during the period. Invesco Ltd. boosted its position in Nucor by 7.6% during the third quarter. Invesco Ltd. now owns 2,262,832 shares of the basic materials company's stock worth $353,794,000 after purchasing an additional 159,230 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Nucor by 13.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,070,960 shares of the basic materials company's stock valued at $360,430,000 after purchasing an additional 237,752 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Nucor by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,589 shares of the basic materials company's stock valued at $228,832,000 after buying an additional 11,541 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Nucor by 2.1% during the 4th quarter. Nordea Investment Management AB now owns 1,094,177 shares of the basic materials company's stock worth $190,376,000 after buying an additional 22,596 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company's stock.

Nucor Trading Up 2.0 %

NUE stock traded up $3.40 on Friday, hitting $173.92. 1,054,672 shares of the company were exchanged, compared to its average volume of 1,443,490. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.48. The stock has a market capitalization of $41.74 billion, a price-to-earnings ratio of 10.23 and a beta of 1.65. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00. The business's fifty day moving average is $189.15 and its two-hundred day moving average is $175.42.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 EPS 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 during the quarter, compared to analysts' expectations of $8.26 billion. During the same quarter in the previous year, the business posted $4.45 EPS. The company's quarterly revenue was down 6.6% on a year-over-year basis. As a group, research analysts forecast that Nucor Co. will post 12.55 earnings per share for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.24%. Nucor's dividend payout ratio (DPR) is currently 12.71%.

Wall Street Analyst Weigh In

NUE has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Nucor from $195.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th. Citigroup raised 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 note on Wednesday, March 13th. BMO Capital Markets cut their price target on Nucor from $210.00 to $200.00 and set a "market perform" rating for the company in a report on Wednesday, April 24th. StockNews.com downgraded Nucor from a "buy" rating to a "hold" rating in a research report on Tuesday, April 23rd. Finally, 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 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $193.14.

Insider Activity at Nucor

In other Nucor news, 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 completion of the transaction, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Nucor 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 transaction of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares in the company, valued at approximately $15,386,751.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas J. Jellison sold 19,506 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $23,351,936.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,651 shares of company stock worth $6,283,648. 0.46% of the stock is currently owned by company insiders.

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.