Crossmark Global Holdings Inc. Has $2.31 Million Stake in Nucor Co. (NUE)
Crossmark Global Holdings Inc. lifted its position in Nucor Co. (NYSE:NUE) by 32.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,401 shares of the basic materials company’s stock after purchasing an additional 8,878 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Nucor were worth $2,314,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of NUE. Numeric Investors LLC bought a new stake in shares of Nucor in the 2nd quarter worth about $498,000. Janus Henderson Group PLC lifted its position in Nucor by 429.3% during the 2nd quarter. Janus Henderson Group PLC now owns 213,636 shares of the basic materials company’s stock worth $12,363,000 after buying an additional 173,276 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Nucor during the 2nd quarter worth about $372,000. The Manufacturers Life Insurance Company lifted its position in Nucor by 11.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 374,198 shares of the basic materials company’s stock worth $21,655,000 after buying an additional 37,685 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in Nucor by 5.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 18,575 shares of the basic materials company’s stock worth $1,074,000 after buying an additional 923 shares in the last quarter. 74.10% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Robert J. Stratman sold 39,037 shares of the stock in a transaction that occurred 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 directly owns 233,824 shares of the company’s stock, valued at approximately $14,936,677.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
Nucor (NYSE:NUE) last posted its earnings results on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.10. Nucor had a return on equity of 13.03% and a net margin of 6.58%. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the business earned $0.50 EPS. Nucor’s revenue for the quarter was up 28.7% compared to the same quarter last year. research analysts predict that Nucor Co. will post 4.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.46%. This is a boost from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, December 28th. Nucor’s dividend payout ratio is presently 36.72%.
NUE has been the topic of several research reports. Zacks Investment Research upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Credit Suisse Group upped their target price on shares of Nucor from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Citigroup set a $66.00 target price on shares of Nucor and gave the company a “buy” rating in a research report on Friday, October 20th. ValuEngine upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Jefferies Group restated a “buy” rating and set a $77.00 target price on shares of Nucor in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.90.
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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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