Boston Partners boosted its position in shares of Nucor Corporation (NYSE:NUE) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,961,046 shares of the basic materials company’s stock after purchasing an additional 70,358 shares during the period. Boston Partners owned 0.61% of Nucor Corporation worth $109,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Accredited Investors Inc. grew its position in Nucor Corporation by 0.6% during the 2nd quarter. Accredited Investors Inc. now owns 3,917 shares of the basic materials company’s stock worth $227,000 after purchasing an additional 25 shares in the last quarter. FineMark National Bank & Trust grew its position in Nucor Corporation by 0.3% during the 2nd quarter. FineMark National Bank & Trust now owns 9,699 shares of the basic materials company’s stock worth $561,000 after purchasing an additional 26 shares in the last quarter. ING Groep NV grew its holdings in shares of Nucor Corporation by 0.3% during the 2nd quarter. ING Groep NV now owns 16,591 shares of the basic materials company’s stock valued at $960,000 after acquiring an additional 43 shares in the last quarter. Boys Arnold & Co. Inc. grew its holdings in shares of Nucor Corporation by 0.3% during the 2nd quarter. Boys Arnold & Co. Inc. now owns 16,679 shares of the basic materials company’s stock valued at $965,000 after acquiring an additional 50 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its holdings in shares of Nucor Corporation by 0.5% during the 2nd quarter. Chartwell Investment Partners LLC now owns 12,180 shares of the basic materials company’s stock valued at $705,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 74.75% of the company’s stock.

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In other Nucor Corporation news, Chairman John J. Ferriola sold 15,131 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $60.40, for a total transaction of $913,912.40. Following the completion of the transaction, the chairman now owns 349,506 shares of the company’s stock, valued at approximately $21,110,162.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider D. Chad Utermark sold 9,003 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $59.72, for a total transaction of $537,659.16. Following the transaction, the insider now directly owns 73,883 shares of the company’s stock, valued at approximately $4,412,292.76. The disclosure for this sale can be found here. In the last three months, 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 research firms have recently commented on NUE. Cowen and Company restated a “market perform” rating and set a $63.00 price target (up from $62.00) on shares of Nucor Corporation in a report on Tuesday, July 25th. Morgan Stanley restated a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. Zacks Investment Research cut shares of Nucor Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Berenberg Bank restated a “buy” rating and set a $77.50 price target on shares of Nucor Corporation in a report on Wednesday, July 19th. Finally, Jefferies Group LLC restated a “buy” rating and set a $68.00 price target on shares of Nucor Corporation in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $67.32.

Nucor Corporation (NYSE:NUE) opened at $55.83 on Friday. The firm has a market cap of $17,968.65, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.27 and a beta of 1.59. The company has a current ratio of 2.11, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. Nucor Corporation has a 52-week low of $51.67 and a 52-week high of $68.00.

Nucor Corporation (NYSE:NUE) last released its earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The firm 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 business’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. equities analysts expect that Nucor Corporation will post 3.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, September 29th were given a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, September 28th. Nucor Corporation’s dividend payout ratio is 43.90%.

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).

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

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