Strs Ohio cut its stake in shares of Nucor Co. (NYSE:NUE) by 25.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,945 shares of the basic materials company’s stock after selling 3,662 shares during the period. Strs Ohio’s holdings in Nucor were worth $695,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Krilogy Financial LLC raised its position in shares of Nucor 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 last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Nucor by 791.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,673 shares of the basic materials company’s stock valued at $150,000 after buying an additional 2,373 shares during the last quarter. Appleton Partners Inc. MA acquired a new stake in shares of Nucor in the fourth quarter valued at about $204,000. Haverford Trust Co. acquired a new stake in shares of Nucor in the third quarter valued at about $205,000. Finally, Rockland Trust Co. acquired a new stake in shares of Nucor in the fourth quarter valued at about $206,000. Institutional investors own 74.33% of the company’s stock.
Shares of Nucor Co. (NUE) opened at $61.77 on Friday. Nucor Co. has a 12-month low of $51.67 and a 12-month high of $70.48. The stock has a market cap of $20,090.00, a PE ratio of 15.07, a P/E/G ratio of 1.07 and a beta of 1.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.42.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were given a dividend of $0.38 per share. This is a boost from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, December 28th. Nucor’s dividend payout ratio (DPR) is presently 37.07%.
NUE has been the subject of a number of recent research reports. Longbow Research upgraded shares of Nucor from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. ValuEngine upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America reduced their target price on shares of Nucor from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, October 20th. Citigroup set a $66.00 target price on shares of Nucor and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Jefferies Group reiterated a “buy” rating and issued a $77.00 target price on shares of Nucor in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $69.90.
In other Nucor news, EVP Robert J. Stratman sold 39,037 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $63.88, for a total transaction of $2,493,683.56. Following the completion of the transaction, the executive vice president now owns 233,824 shares of the company’s stock, valued at $14,936,677.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.70% of the company’s stock.
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Nucor 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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