Security National Bank of SO Dak lessened its stake in shares of Nucor Corporation (NYSE:NUE) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,255 shares of the basic materials company’s stock after selling 190 shares during the quarter. Nucor Corporation accounts for about 1.4% of Security National Bank of SO Dak’s holdings, making the stock its 26th biggest holding. Security National Bank of SO Dak’s holdings in Nucor Corporation were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in NUE. Oxford Asset Management purchased a new position in Nucor Corporation during the first quarter worth about $426,000. Victory Capital Management Inc. boosted its stake in Nucor Corporation by 63.9% during the first quarter. Victory Capital Management Inc. now owns 58,300 shares of the basic materials company’s stock worth $3,481,000 after buying an additional 22,724 shares during the period. Arizona State Retirement System boosted its stake in Nucor Corporation by 0.3% during the first quarter. Arizona State Retirement System now owns 105,472 shares of the basic materials company’s stock worth $6,299,000 after buying an additional 300 shares during the period. Blair William & Co. IL boosted its stake in Nucor Corporation by 13.4% during the first quarter. Blair William & Co. IL now owns 4,545 shares of the basic materials company’s stock worth $283,000 after buying an additional 537 shares during the period. Finally, American International Group Inc. boosted its stake in Nucor Corporation by 16.8% during the first quarter. American International Group Inc. now owns 160,337 shares of the basic materials company’s stock worth $9,575,000 after buying an additional 23,054 shares during the period. 74.86% of the stock is owned by institutional investors.
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Shares of Nucor Corporation (NUE) traded down 0.23% during mid-day trading on Tuesday, reaching $55.27. 486,127 shares of the company traded hands. The company has a market capitalization of $17.65 billion, a P/E ratio of 15.52 and a beta of 1.54. Nucor Corporation has a 52-week low of $45.30 and a 52-week high of $68.00. The firm’s 50 day moving average price is $54.92 and its 200-day moving average price is $57.61.
Nucor Corporation (NYSE:NUE) last released its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.06). The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. Equities analysts predict that Nucor Corporation will post $3.91 earnings per share for the current fiscal 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 $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, September 28th. Nucor Corporation’s dividend payout ratio is presently 43.77%.
In other Nucor Corporation news, Director Victoria F. Haynes sold 2,500 shares of the company’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 value of $137,900.00. Following the completion of the transaction, the director now owns 33,573 shares in the company, valued at approximately $1,851,886.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leon J. Topalian sold 2,626 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 19,610 shares of the company’s stock, valued at approximately $1,181,110.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,604 shares of company stock valued at $1,351,495. 0.70% of the stock is owned by company insiders.
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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