Nucor Co. (NYSE:NUE) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co reduced its stake in shares of Nucor Co. (NYSE:NUE) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,134 shares of the basic materials company’s stock after selling 188 shares during the period. CENTRAL TRUST Co’s holdings in Nucor were worth $922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Nucor by 108.3% in the 3rd quarter. Brighton Jones LLC now owns 4,620 shares of the basic materials company’s stock worth $695,000 after acquiring an additional 2,402 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Nucor by 14,525.9% in the third quarter. International Assets Investment Management LLC now owns 326,889 shares of the basic materials company’s stock worth $49,144,000 after purchasing an additional 324,654 shares during the period. Greenleaf Trust increased its stake in Nucor by 23.0% during the third quarter. Greenleaf Trust now owns 7,615 shares of the basic materials company’s stock valued at $1,145,000 after purchasing an additional 1,422 shares during the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of Nucor by 12.2% during the third quarter. Global X Japan Co. Ltd. now owns 2,726 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 297 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of Nucor by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 18,349 shares of the basic materials company’s stock worth $2,759,000 after buying an additional 888 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NUE opened at $141.47 on Friday. The firm has a market capitalization of $33.58 billion, a price-to-earnings ratio of 13.67 and a beta of 1.55. The stock’s fifty day moving average is $147.73 and its 200-day moving average is $159.27. Nucor Co. has a one year low of $133.42 and a one year high of $203.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.85 and a current ratio of 2.59.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the business posted $4.57 EPS. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. Equities analysts anticipate that Nucor Co. will post 9.08 EPS for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, September 27th. Nucor’s dividend payout ratio is presently 20.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NUE. Argus raised shares of Nucor to a “strong-buy” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. dropped their price target on Nucor from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Wednesday. BMO Capital Markets reduced their price objective on Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research report on Wednesday, September 18th. Finally, Morgan Stanley lowered their price objective on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and a consensus price target of $190.57.

Insider Activity

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $160.00, for a total value of $1,379,840.00. Following the sale, the executive vice president now directly owns 99,049 shares in the company, valued at approximately $15,847,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.