Bokf Na Purchases 840 Shares of Nucor Co. (NYSE:NUE)

Bokf Na lifted its position in Nucor Co. (NYSE:NUE) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,626 shares of the basic materials company’s stock after purchasing an additional 840 shares during the period. Bokf Na’s holdings in Nucor were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of NUE. Rise Advisors LLC bought a new stake in Nucor during the first quarter valued at about $27,000. Chilton Capital Management LLC raised its stake in Nucor by 94.2% during the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 65 shares during the period. Central Pacific Bank Trust Division purchased a new position in Nucor in the 1st quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in Nucor in the 4th quarter worth approximately $25,000. Finally, Tompkins Financial Corp grew its holdings in Nucor by 208.0% during the 1st quarter. Tompkins Financial Corp now owns 154 shares of the basic materials company’s stock valued at $30,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

NUE has been the subject of a number of research reports. Bank of America dropped their target price on shares of Nucor from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their price target on Nucor from $180.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Jefferies Financial Group initiated coverage on Nucor in a research note on Monday, May 20th. They issued a “hold” rating and a $190.00 price objective on the stock. Finally, BMO Capital Markets lowered their target price on Nucor from $185.00 to $175.00 and set a “market perform” rating for the company in a research report on Monday, June 17th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Nucor has a consensus rating of “Hold” and a consensus price target of $191.29.

Nucor Trading Down 0.5 %

Shares of NYSE:NUE traded down $0.82 on Monday, hitting $160.07. 271,862 shares of the company’s stock were exchanged, compared to its average volume of 1,468,171. The business’s 50 day simple moving average is $160.47 and its two-hundred day simple moving average is $175.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.85. The stock has a market capitalization of $38.38 billion, a price-to-earnings ratio of 9.46 and a beta of 1.57. Nucor Co. has a 12 month low of $140.07 and a 12 month high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, July 22nd. The basic materials company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.37. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.69 billion. Nucor had a net margin of 10.45% and a return on equity of 15.69%. The firm’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $5.81 EPS. Analysts anticipate that Nucor Co. will post 10.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, June 28th. Nucor’s dividend payout ratio is 12.71%.

Nucor Company Profile

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.