LMR Partners LLP bought a new position in shares of Nucor Corporation (NYSE:NUE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,491 shares of the basic materials company’s stock, valued at approximately $4,311,000.

Several other institutional investors have also made changes to their positions in NUE. Massmutual Trust Co. FSB ADV increased its position in shares of Nucor Corporation by 0.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,147 shares of the basic materials company’s stock worth $128,000 after buying an additional 15 shares in the last quarter. Accredited Investors Inc. increased its position in shares of Nucor Corporation by 0.6% in the first quarter. Accredited Investors Inc. now owns 3,892 shares of the basic materials company’s stock worth $232,000 after buying an additional 24 shares in the last quarter. FineMark National Bank & Trust increased its position in shares of Nucor Corporation by 0.3% in the second quarter. FineMark National Bank & Trust now owns 9,699 shares of the basic materials company’s stock worth $561,000 after buying an additional 26 shares in the last quarter. Cleararc Capital Inc. increased its position in shares of Nucor Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 7,795 shares of the basic materials company’s stock worth $466,000 after buying an additional 35 shares in the last quarter. Finally, ING Groep NV increased its position in shares of Nucor Corporation by 0.3% in the second quarter. ING Groep NV now owns 16,591 shares of the basic materials company’s stock worth $960,000 after buying an additional 43 shares in the last quarter. Institutional investors own 75.99% of the company’s stock.

Nucor Corporation (NYSE:NUE) opened at 55.72 on Tuesday. Nucor Corporation has a 1-year low of $44.81 and a 1-year high of $68.00. The company has a market cap of $17.80 billion, a P/E ratio of 15.64 and a beta of 1.51. The stock has a 50 day moving average price of $58.37 and a 200 day moving average price of $59.47.

Nucor Corporation (NYSE:NUE) last posted its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.06. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Nucor Corporation had a net margin of 6.08% and a return on equity of 13.39%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, equities research analysts anticipate that Nucor Corporation will post $4.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, June 30th were paid a dividend of $0.3775 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.51 annualized dividend and a yield of 2.71%. Nucor Corporation’s payout ratio is presently 43.77%.

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A number of equities analysts recently commented on the company. Morgan Stanley restated a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. Cowen and Company reiterated a “market perform” rating and issued a $63.00 price objective (up previously from $62.00) on shares of Nucor Corporation in a report on Tuesday, July 25th. Zacks Investment Research downgraded Nucor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price objective (down previously from $77.00) on shares of Nucor Corporation in a report on Wednesday, April 19th. Finally, Longbow Research assumed coverage on Nucor Corporation in a report on Tuesday, May 9th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.76.

In other news, Chairman John J. Ferriola sold 14,941 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $60.17, for a total value of $898,999.97. Following the sale, the chairman now owns 361,847 shares in the company, valued at $21,772,333.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon J. Topalian sold 2,626 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $60.23, for a total value of $158,163.98. Following the completion of the sale, the insider now owns 19,610 shares in the company, valued at approximately $1,181,110.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,104 shares of company stock worth $1,213,595. Company insiders own 0.70% of the company’s stock.

Nucor Corporation 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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Institutional Ownership by Quarter for Nucor Corporation (NYSE:NUE)

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