Nucor Co. (NUE) Shares Bought by OLD Mutual Customised Solutions Proprietary Ltd.

OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Nucor Co. (NYSE:NUE) by 32.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,345 shares of the basic materials company’s stock after buying an additional 5,000 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Nucor were worth $1,294,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in NUE. BlackRock Inc. raised its holdings in shares of Nucor by 3.2% during the 4th quarter. BlackRock Inc. now owns 22,382,353 shares of the basic materials company’s stock valued at $1,423,070,000 after purchasing an additional 702,355 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nucor by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,621,566 shares of the basic materials company’s stock valued at $258,974,000 after purchasing an additional 150,219 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Nucor by 3.4% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,874,421 shares of the basic materials company’s stock valued at $105,043,000 after purchasing an additional 60,915 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Nucor by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 1,729,371 shares of the basic materials company’s stock valued at $96,908,000 after purchasing an additional 46,786 shares in the last quarter. Finally, Luminus Management LLC raised its holdings in shares of Nucor by 303.4% during the 4th quarter. Luminus Management LLC now owns 1,654,324 shares of the basic materials company’s stock valued at $105,182,000 after purchasing an additional 1,244,185 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.

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NUE stock opened at $59.44 on Friday. The company has a market cap of $19,422.75, a price-to-earnings ratio of 14.36, a P/E/G ratio of 0.96 and a beta of 1.51. Nucor Co. has a twelve month low of $51.67 and a twelve month high of $70.48. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36.

Nucor (NYSE:NUE) last announced its earnings results on Tuesday, January 30th. The basic materials company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.55 by $0.10. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.86 billion. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. analysts expect that Nucor Co. will post 5.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.52 annualized dividend and a yield of 2.56%. Nucor’s dividend payout ratio (DPR) is presently 36.72%.

A number of research analysts have recently weighed in on NUE shares. ValuEngine upgraded shares of Nucor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Longbow Research upgraded shares of Nucor from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Nucor from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Bank of America set a $75.00 price target on shares of Nucor and gave the company a “buy” rating in a report on Monday, January 8th. Finally, Jefferies Group restated a “buy” rating and set a $77.00 price target on shares of Nucor in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $69.54.

In other Nucor news, Chairman John J. Ferriola sold 14,313 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $64.12, for a total value of $917,749.56. Following the sale, the chairman now directly owns 333,775 shares in the company, valued at approximately $21,401,653. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raymond S. Napolitan, Jr. sold 8,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $65.11, for a total transaction of $520,880.00. Following the completion of the sale, the executive vice president now owns 78,381 shares in the company, valued at $5,103,386.91. The disclosure for this sale can be found here. Insiders sold a total of 64,350 shares of company stock worth $4,312,607 in the last quarter. Insiders own 0.70% of the company’s stock.

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

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