Braun Stacey Associates Inc. Sells 162 Shares of Nucor Co. (NYSE:NUE)

Braun Stacey Associates Inc. decreased its position in Nucor Co. (NYSE:NUE) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,056 shares of the basic materials company’s stock after selling 162 shares during the quarter. Braun Stacey Associates Inc. owned about 0.05% of Nucor worth $19,102,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NUE. Thrivent Financial for Lutherans boosted its position in Nucor by 25.7% during the third quarter. Thrivent Financial for Lutherans now owns 1,283,111 shares of the basic materials company’s stock worth $192,902,000 after purchasing an additional 262,493 shares during the period. Turtle Creek Wealth Advisors LLC boosted its position in Nucor by 1.0% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 28,210 shares of the basic materials company’s stock worth $4,241,000 after purchasing an additional 269 shares during the period. Mizuho Securities USA LLC boosted its position in Nucor by 8,530.1% during the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock worth $239,819,000 after purchasing an additional 1,576,695 shares during the period. Mizuho Markets Americas LLC boosted its position in Nucor by 2.6% during the third quarter. Mizuho Markets Americas LLC now owns 36,436 shares of the basic materials company’s stock worth $5,478,000 after purchasing an additional 914 shares during the period. Finally, Coastline Trust Co bought a new stake in Nucor during the third quarter worth approximately $29,000. Institutional investors own 76.48% of the company’s stock.

Insider Activity at Nucor

In other Nucor news, EVP Allen C. Behr sold 4,968 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $159.72, for a total value of $793,488.96. Following the transaction, the executive vice president now owns 85,376 shares of the company’s stock, valued at approximately $13,636,254.72. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Rex Query sold 9,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the transaction, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. The trade was a 8.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,680 shares of company stock worth $4,773,724 over the last 90 days. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Argus upgraded Nucor to a “strong-buy” rating in a report on Monday, August 26th. Morgan Stanley cut their price target on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, BMO Capital Markets cut their price target on Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.57.

Nucor Price Performance

Shares of NUE stock opened at $147.08 on Monday. The stock’s fifty day moving average is $148.88 and its 200-day moving average is $154.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. The stock has a market capitalization of $34.54 billion, a PE ratio of 14.21 and a beta of 1.55. Nucor Co. has a 52 week low of $133.42 and a 52 week high of $203.00.

Nucor (NYSE:NUE) last announced its earnings results on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.40 by $0.09. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.28 billion. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.57 earnings per share. Equities research analysts expect that Nucor Co. will post 8.52 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, September 27th. Nucor’s dividend payout ratio is 20.87%.

Nucor 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.