Nucor Corporation (NUE) Holdings Raised by HL Financial Services LLC
HL Financial Services LLC raised its position in shares of Nucor Corporation (NYSE:NUE) by 68.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,644 shares of the basic materials company’s stock after acquiring an additional 4,722 shares during the period. HL Financial Services LLC’s holdings in Nucor Corporation were worth $653,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Nucor Corporation in the second quarter valued at about $100,000. Krilogy Financial LLC lifted its stake in shares of Nucor Corporation by 4,594.6% in the second quarter. Krilogy Financial LLC now owns 1,737 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,700 shares during the period. Washington Trust Bank lifted its stake in shares of Nucor Corporation by 60.2% in the second quarter. Washington Trust Bank now owns 1,756 shares of the basic materials company’s stock valued at $102,000 after buying an additional 660 shares during the period. Fiduciary Trust Co. bought a new stake in shares of Nucor Corporation in the second quarter valued at about $109,000. Finally, Sun Life Financial INC lifted its stake in shares of Nucor Corporation by 23,290.0% in the second quarter. Sun Life Financial INC now owns 2,339 shares of the basic materials company’s stock valued at $135,000 after buying an additional 2,329 shares during the period. Institutional investors and hedge funds own 74.59% of the company’s stock.
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Shares of Nucor Corporation (NYSE NUE) opened at $55.70 on Tuesday. The firm has a market cap of $17,749.29, a P/E ratio of 16.42, a PEG ratio of 1.25 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 2.11. Nucor Corporation has a fifty-two week low of $51.67 and a fifty-two week high of $68.00.
Nucor Corporation (NYSE:NUE) last posted its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $5.19 billion. Nucor Corporation had a net margin of 5.80% and a return on equity of 12.78%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. equities research analysts forecast that Nucor Corporation will post 3.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, September 29th were issued a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Thursday, September 28th. Nucor Corporation’s payout ratio is 43.90%.
In other news, insider Ladd R. Hall sold 17,583 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $57.94, for a total transaction of $1,018,759.02. Following the completion of the sale, the insider now owns 206,406 shares of the company’s stock, valued at $11,959,163.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Victoria F. Haynes sold 2,500 shares of the firm’s 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 sale, the director now directly owns 33,573 shares of the company’s stock, valued at approximately $1,851,886.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,217 shares of company stock valued at $2,608,231. Company insiders own 0.70% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Nucor Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Longbow Research reiterated a “buy” rating and issued a $66.00 target price on shares of Nucor Corporation in a research note on Thursday, July 27th. Credit Suisse Group reduced their target price on shares of Nucor Corporation from $68.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, September 28th. Bank of America Corporation reduced their target price on shares of Nucor Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, October 20th. Finally, ValuEngine cut shares of Nucor Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Nucor Corporation currently has a consensus rating of “Hold” and a consensus target price of $67.32.
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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