Nicolet Bankshares Inc. lessened its stake in shares of Nucor Co. (NYSE:NUE) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,786 shares of the basic materials company’s stock after selling 1,020 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Nucor were worth $368,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Krilogy Financial LLC lifted its position in shares of Nucor by 4,594.6% during the 2nd quarter. Krilogy Financial LLC now owns 1,737 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,700 shares during the period. Cerebellum GP LLC bought a new position in shares of Nucor during the 4th quarter worth approximately $131,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Nucor by 791.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,673 shares of the basic materials company’s stock worth $150,000 after buying an additional 2,373 shares during the period. Dupont Capital Management Corp bought a new position in shares of Nucor during the 4th quarter worth approximately $176,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of Nucor during the 4th quarter worth approximately $200,000. Institutional investors and hedge funds own 74.33% of the company’s stock.
Several research firms recently commented on NUE. Credit Suisse Group raised their target price on Nucor from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. BMO Capital Markets raised their target price on Nucor to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Zacks Investment Research downgraded Nucor from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Group restated a “buy” rating and set a $76.00 target price on shares of Nucor in a research report on Wednesday, January 31st. Finally, Bank of America cut their target price on Nucor from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $69.37.
In other news, EVP Robert J. Stratman sold 39,037 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $63.88, for a total transaction of $2,493,683.56. Following the completion of the sale, the executive vice president now owns 233,824 shares in the company, valued at $14,936,677.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.
Nucor Co. (NYSE NUE) opened at $64.24 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.42 and a quick ratio of 1.19. Nucor Co. has a 52-week low of $51.67 and a 52-week high of $70.48. The stock has a market capitalization of $20,420.00, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.56.
Nucor (NYSE:NUE) last issued its quarterly earnings data on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.10. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.86 billion. Nucor had a return on equity of 13.03% and a net margin of 6.58%. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. equities research analysts expect that Nucor Co. will post 5.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, December 29th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Nucor’s previous quarterly dividend of $0.38. Nucor’s payout ratio is presently 37.07%.
Nucor Company Profile
Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).
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