Jump Financial LLC Has $2.58 Million Stake in Nucor Co. (NYSE:NUE)

Jump Financial LLC grew its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 729.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,834 shares of the basic materials company's stock after purchasing an additional 13,045 shares during the quarter. Jump Financial LLC's holdings in Nucor were worth $2,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NUE. Whittier Trust Co. increased its holdings in Nucor by 26.1% during the 3rd quarter. Whittier Trust Co. now owns 416 shares of the basic materials company's stock worth $65,000 after purchasing an additional 86 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Nucor by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 151,257 shares of the basic materials company's stock valued at $23,649,000 after acquiring an additional 451 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in Nucor by 18.2% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,825 shares of the basic materials company's stock worth $754,000 after acquiring an additional 742 shares in the last quarter. Fifth Third Bancorp grew its holdings in Nucor by 4.6% during the 3rd quarter. Fifth Third Bancorp now owns 12,588 shares of the basic materials company's stock worth $1,968,000 after acquiring an additional 556 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in shares of Nucor by 4.7% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,236 shares of the basic materials company's stock worth $350,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets decreased 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. StockNews.com cut Nucor from a "buy" rating to a "hold" rating in a research report on Tuesday, April 23rd. Citigroup raised Nucor from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. UBS Group initiated coverage on shares of Nucor in a research report on Tuesday, January 16th. They issued a "buy" rating and a $210.00 price target on the stock. Finally, 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 research 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 stock. According to data from MarketBeat.com, Nucor has an average rating of "Hold" and a consensus price target of $193.14.

Insider Activity

In related news, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction 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 in the company, valued at approximately $23,351,936.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the business's stock in a transaction dated 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 owns 24,873 shares in the company, valued at $4,817,153.91. The disclosure for this sale can be found here. Insiders have sold a total of 32,651 shares of company stock valued at $6,283,648 over the last 90 days. 0.64% of the stock is currently owned by company insiders.

Nucor Stock Down 0.4 %

NUE stock traded down $0.73 during trading hours on Monday, hitting $173.74. The company's stock had a trading volume of 812,236 shares, compared to its average volume of 1,425,645. The company has a market capitalization of $41.66 billion, a PE ratio of 10.24 and a beta of 1.65. The stock has a 50 day moving average price of $187.18 and a two-hundred day moving average price of $176.44. 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 Co. has a 12 month low of $129.79 and a 12 month high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last posted its 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 company had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. Nucor had a net margin of 12.40% and a return on equity of 19.62%. Nucor's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business earned $4.45 earnings per share. On average, equities research analysts expect that Nucor Co. will post 12.44 earnings per share for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 1.24%. Nucor's dividend payout ratio (DPR) is presently 12.71%.

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.