Nucor Co. (NYSE:NUE) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its stake in Nucor Co. (NYSE:NUE) by 114.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,204 shares of the basic materials company’s stock after buying an additional 4,904 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Nucor were worth $1,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NUE. Criterion Capital Advisors LLC bought a new stake in shares of Nucor in the fourth quarter worth $25,000. Valley National Advisers Inc. increased its stake in shares of Nucor by 716.7% in the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after buying an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Nucor by 36.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after buying an additional 59 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Nucor in the third quarter worth $40,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Nucor by 2,410.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after buying an additional 241 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the sale, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the sale, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allen C. Behr sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the completion of the sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The disclosure for this sale can be found here. Insiders sold 38,151 shares of company stock valued at $7,308,683 over the last 90 days. 0.46% of the stock is currently owned by company insiders.

Nucor Stock Performance

Shares of Nucor stock traded down $0.52 during trading on Friday, hitting $175.36. 1,253,887 shares of the stock were exchanged, compared to its average volume of 1,440,998. The stock’s fifty day moving average is $190.62 and its 200 day moving average is $174.32. The stock has a market cap of $42.08 billion, a PE ratio of 10.32 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.35 and a current ratio of 4.02. Nucor Co. has a 12 month low of $129.79 and a 12 month high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.62 by ($0.16). The firm had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.45 EPS. As a group, sell-side analysts anticipate that Nucor Co. will post 12.93 EPS for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, March 27th. Nucor’s payout ratio is currently 12.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a research note on Wednesday. UBS Group assumed coverage on shares of Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price for the company. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $240.00 in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $193.14.

Nucor 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.