Nucor Corporation (NYSE:NUE) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in Nucor Corporation (NYSE:NUE) by 2.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 109,351 shares of the basic materials company’s stock after selling 2,386 shares during the period. US Bancorp DE’s holdings in Nucor Corporation were worth $6,328,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NUE. Advantage Investment Management LLC boosted its stake in Nucor Corporation by 164.9% in the first quarter. Advantage Investment Management LLC now owns 1,854 shares of the basic materials company’s stock worth $111,000 after buying an additional 1,154 shares during the last quarter. Ledyard National Bank purchased a new stake in Nucor Corporation during the first quarter worth approximately $122,000. Massmutual Trust Co. FSB ADV boosted its stake in Nucor Corporation by 0.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,147 shares of the basic materials company’s stock worth $128,000 after buying an additional 15 shares during the last quarter. Valley National Advisers Inc. boosted its stake in Nucor Corporation by 12.0% in the first quarter. Valley National Advisers Inc. now owns 2,340 shares of the basic materials company’s stock worth $140,000 after buying an additional 250 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new stake in Nucor Corporation during the first quarter worth approximately $146,000. Institutional investors own 75.99% of the company’s stock.

Nucor Corporation (NYSE NUE) traded down 0.44% on Friday, hitting $54.11. 2,279,463 shares of the company were exchanged. The stock has a market capitalization of $17.28 billion, a P/E ratio of 15.19 and a beta of 1.51. Nucor Corporation has a 52-week low of $44.81 and a 52-week high of $68.00. The stock’s 50-day moving average price is $58.08 and its 200-day moving average price is $59.33.

Nucor Corporation (NYSE:NUE) last issued its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.06. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, equities research analysts anticipate that Nucor Corporation will post $4.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, June 30th were given a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Wednesday, June 28th. Nucor Corporation’s payout ratio is 43.77%.

TRADEMARK VIOLATION NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/08/19/us-bancorp-de-sells-2386-shares-of-nucor-corporation-nysenue-updated-updated-updated.html.

A number of equities research analysts have commented on the stock. Longbow Research restated a “buy” rating and set a $66.00 target price on shares of Nucor Corporation in a research note on Thursday, July 27th. Macquarie raised shares of Nucor Corporation from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $55.00 to $62.00 in a report on Monday, April 24th. BMO Capital Markets reaffirmed a “hold” rating on shares of Nucor Corporation in a report on Friday, April 21st. Zacks Investment Research lowered shares of Nucor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $77.50 price objective on shares of Nucor Corporation in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $68.76.

In other Nucor Corporation news, insider Leon J. Topalian sold 2,626 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $60.23, for a total value of $158,163.98. Following the completion of the sale, the insider now directly owns 19,610 shares in the company, valued at approximately $1,181,110.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Sumoski sold 2,537 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $61.66, for a total value of $156,431.42. Following the completion of the sale, the insider now owns 62,434 shares of the company’s stock, valued at $3,849,680.44. The disclosure for this sale can be found here. Insiders have sold 20,104 shares of company stock valued at $1,213,595 over the last quarter. 0.70% of the stock is owned by company insiders.

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).

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

What are top analysts saying about Nucor Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nucor Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit