New York State Teachers Retirement System cut its position in shares of Nucor Corporation (NYSE:NUE) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 512,861 shares of the basic materials company’s stock after selling 4,377 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Nucor Corporation worth $28,741,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Nucor Corporation by 1.3% during the second quarter. Vanguard Group Inc. now owns 25,573,754 shares of the basic materials company’s stock valued at $1,479,954,000 after buying an additional 319,596 shares in the last quarter. Northern Trust Corp lifted its stake in Nucor Corporation by 15.0% during the second quarter. Northern Trust Corp now owns 5,759,017 shares of the basic materials company’s stock valued at $333,275,000 after buying an additional 750,796 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Nucor Corporation by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,471,347 shares of the basic materials company’s stock valued at $258,776,000 after buying an additional 352,694 shares in the last quarter. Prudential PLC lifted its stake in Nucor Corporation by 28.2% during the second quarter. Prudential PLC now owns 2,260,300 shares of the basic materials company’s stock valued at $130,804,000 after buying an additional 496,700 shares in the last quarter. Finally, Pioneer Investment Management Inc. lifted its position in shares of Nucor Corporation by 437.2% in the second quarter. Pioneer Investment Management Inc. now owns 1,813,506 shares of the basic materials company’s stock worth $104,947,000 after purchasing an additional 1,475,935 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Cowen and Company reissued a “market perform” rating and issued a $63.00 price target (up from $62.00) on shares of Nucor Corporation in a research report on Tuesday, July 25th. Morgan Stanley reissued a “buy” rating on shares of Nucor Corporation in a research report on Tuesday, July 18th. BMO Capital Markets reissued a “market perform” rating and issued a $62.00 price target (down from $70.00) on shares of Nucor Corporation in a research report on Monday, September 18th. KeyCorp reissued a “hold” rating on shares of Nucor Corporation in a research report on Thursday, October 19th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $73.00 price target on shares of Nucor Corporation in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Nucor Corporation has a consensus rating of “Hold” and an average target price of $67.32.

In other Nucor Corporation news, Director Victoria F. Haynes sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total transaction of $137,900.00. Following the transaction, the director now owns 33,573 shares in the company, valued at $1,851,886.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider D. Chad Utermark sold 9,003 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $59.72, for a total value of $537,659.16. Following the transaction, the insider now owns 73,883 shares in the company, valued at approximately $4,412,292.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,634 shares of company stock worth $1,589,472. Corporate insiders own 0.70% of the company’s stock.

Nucor Corporation (NUE) opened at $58.00 on Friday. The firm has a market cap of $18,526.71, a P/E ratio of 17.06, a P/E/G ratio of 1.30 and a beta of 1.59. The company has a current ratio of 2.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. Nucor Corporation has a 52-week low of $48.62 and a 52-week high of $68.00.

Nucor Corporation (NYSE:NUE) last announced its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. Nucor Corporation had a return on equity of 12.77% and a net margin of 5.80%. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. equities analysts expect that Nucor Corporation will post 3.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.3775 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.51 annualized dividend and a yield of 2.60%. Nucor Corporation’s dividend payout ratio (DPR) is presently 43.90%.

TRADEMARK VIOLATION WARNING: “New York State Teachers Retirement System Has $28.74 Million Holdings in Nucor Corporation (NUE)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/new-york-state-teachers-retirement-system-has-28-74-million-holdings-in-nucor-corporation-nue/1680547.html.

About Nucor Corporation

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).

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

Receive News & Ratings for Nucor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.