26,200 Shares in Nucor Co. (NYSE:NUE) Bought by Point72 Europe London LLP

Point72 Europe London LLP purchased a new position in shares of Nucor Co. (NYSE:NUE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 26,200 shares of the basic materials company's stock, valued at approximately $3,058,000.

Other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC grew its position in shares of Nucor by 528.6% during the 4th quarter. Voya Investment Management LLC now owns 507,715 shares of the basic materials company's stock valued at $59,235,000 after acquiring an additional 426,949 shares during the period. Stephens Inc. AR lifted its stake in Nucor by 38.0% in the 4th quarter. Stephens Inc. AR now owns 8,455 shares of the basic materials company's stock worth $987,000 after purchasing an additional 2,327 shares in the last quarter. Covea Finance purchased a new position in Nucor in the 4th quarter worth approximately $5,836,000. Grace & White Inc. NY lifted its stake in Nucor by 12.0% in the 4th quarter. Grace & White Inc. NY now owns 122,339 shares of the basic materials company's stock worth $14,278,000 after purchasing an additional 13,100 shares in the last quarter. Finally, OFC Financial Planning LLC purchased a new position in Nucor in the 4th quarter worth approximately $878,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on NUE shares. Argus set a $155.00 target price on shares of Nucor in a research note on Wednesday, March 5th. The Goldman Sachs Group reduced their price target on shares of Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley set a $164.00 price target on shares of Nucor in a research report on Monday, March 24th. Finally, Jefferies Financial Group lifted their price target on shares of Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $160.33.

Nucor Trading Down 0.4%

NYSE NUE traded down $0.44 on Monday, reaching $115.72. The stock had a trading volume of 1,630,640 shares, compared to its average volume of 2,111,109. The firm has a market capitalization of $26.68 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 0.96 and a beta of 1.73. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Co. has a 12-month low of $97.59 and a 12-month high of $173.00. The stock has a fifty day moving average price of $117.69 and a two-hundred day moving average price of $128.40.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). The firm had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.25 billion. Nucor had a net margin of 6.60% and a return on equity of 9.85%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.46 EPS. As a group, sell-side analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, March 31st were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.90%. Nucor's dividend payout ratio (DPR) is 39.15%.

Insiders Place Their Bets

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $120.19, for a total value of $4,115,065.22. Following the completion of the transaction, the chief executive officer now owns 162,993 shares in the company, valued at $19,590,128.67. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.46% of the company's stock.

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.