Janney Montgomery Scott LLC decreased its holdings in Nucor Co. (NYSE:NUE – Free Report) by 23.2% within the third quarter, Holdings Channel.com stories. The agency owned 128,538 shares of the fundamental supplies firm’s inventory after promoting 38,793 shares through the interval. Janney Montgomery Scott LLC’s holdings in Nucor had been price $19,324,000 on the finish of the latest quarter.
Different massive traders additionally lately added to or lowered their stakes within the firm. Pacer Advisors Inc. grew its stake in shares of Nucor by 29.7% through the second quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the fundamental supplies firm’s inventory valued at $456,030,000 after shopping for an extra 660,866 shares over the past quarter. Ceredex Worth Advisors LLC purchased a brand new stake in Nucor within the third quarter valued at roughly $74,829,000. Worldwide Property Funding Administration LLC boosted its stake in shares of Nucor by 14,525.9% through the third quarter. Worldwide Property Funding Administration LLC now owns 326,889 shares of the fundamental supplies firm’s inventory valued at $49,144,000 after buying an extra 324,654 shares through the interval. Swedbank AB purchased a brand new place in shares of Nucor within the first quarter price roughly $37,395,000. Lastly, Captrust Monetary Advisors raised its holdings in Nucor by 23.5% through the 1st quarter. Captrust Monetary Advisors now owns 804,150 shares of the fundamental supplies firm’s inventory valued at $159,141,000 after shopping for an extra 153,077 shares over the past quarter. Hedge funds and different institutional traders personal 76.48% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
NUE has been the subject of numerous current analyst stories. Morgan Stanley reduce their worth goal on shares of Nucor from $170.00 to $166.00 and set an “chubby” ranking on the inventory in a report on Wednesday, October twenty third. Argus raised Nucor to a “strong-buy” ranking in a analysis word on Monday, August twenty sixth. BMO Capital Markets lowered their worth goal on shares of Nucor from $175.00 to $160.00 and set a “market carry out” ranking on the inventory in a analysis report on Wednesday, September 18th. Lastly, JPMorgan Chase & Co. reduce their goal worth on shares of Nucor from $170.00 to $168.00 and set an “chubby” ranking on the inventory in a analysis word on Wednesday, October twenty third. Three funding analysts have rated the inventory with a maintain ranking, 5 have assigned a purchase ranking and one has issued a robust purchase ranking to the corporate’s inventory. In line with knowledge from MarketBeat.com, Nucor at present has a mean ranking of “Reasonable Purchase” and a mean goal worth of $190.57.
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Insider Transactions at Nucor
In different information, EVP Kenneth Rex Question bought 9,000 shares of the corporate’s inventory in a transaction that occurred on Tuesday, October twenty ninth. The shares had been bought at a mean worth of $146.80, for a complete worth of $1,321,200.00. Following the transaction, the chief vp now owns 98,770 shares within the firm, valued at roughly $14,499,436. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is accessible by this hyperlink. 0.64% of the inventory is owned by insiders.
Nucor Buying and selling Up 1.4 %
Shares of NYSE NUE opened at $144.61 on Wednesday. Nucor Co. has a 1 12 months low of $133.42 and a 1 12 months excessive of $203.00. The corporate has a debt-to-equity ratio of 0.26, a present ratio of two.59 and a fast ratio of 1.61. The agency has a 50-day shifting common of $147.29 and a 200 day shifting common of $155.87. The inventory has a market cap of $34.32 billion, a P/E ratio of 13.97 and a beta of 1.55.
Nucor (NYSE:NUE – Get Free Report) final issued its quarterly earnings outcomes on Monday, October twenty first. The fundamental supplies firm reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.09. Nucor had a return on fairness of 12.06% and a web margin of 8.05%. The agency had income of $7.44 billion for the quarter, in comparison with analysts’ expectations of $7.28 billion. Throughout the identical interval within the earlier 12 months, the agency posted $4.57 EPS. The enterprise’s income for the quarter was down 15.2% in comparison with the identical quarter final 12 months. As a gaggle, sell-side analysts count on that Nucor Co. will put up 8.65 EPS for the present fiscal 12 months.
Nucor Dividend Announcement
The enterprise additionally lately declared a quarterly dividend, which can be paid on Friday, November eighth. Stockholders of document on Friday, September twenty seventh can be issued a dividend of $0.54 per share. The ex-dividend date is Friday, September twenty seventh. This represents a $2.16 annualized dividend and a dividend yield of 1.49%. Nucor’s payout ratio is presently 20.87%.
Nucor Firm Profile
Nucor Company engages in manufacture and sale of metal and metal merchandise. It operates in three segments: metal mills, metal merchandise, and uncooked supplies. The Metal Mills phase produces hot-rolled, cold-rolled, and galvanized sheet metal merchandise; plate metal merchandise; wide-flange beams, beam blanks, and H-piling and sheet piling structural metal merchandise; bar metal merchandise, equivalent to blooms, billets, concrete reinforcing and service provider bars, and engineered particular bar high quality merchandise; and engages within the metal buying and selling and rebar distribution companies.
Learn Extra
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