Nucor Co. (NYSE:NUE) Shares Sold by Amundi

Amundi decreased its holdings in Nucor Co. (NYSE:NUE) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 346,733 shares of the basic materials company’s stock after selling 10,139 shares during the period. Amundi’s holdings in Nucor were worth $40,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Widmann Financial Services Inc. grew its stake in shares of Nucor by 4.0% during the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 70 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Nucor by 1.7% in the third quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock valued at $696,000 after acquiring an additional 79 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in Nucor by 4.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Jessup Wealth Management Inc boosted its stake in Nucor by 0.9% in the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock valued at $1,229,000 after acquiring an additional 93 shares in the last quarter. Finally, Redwood Investment Management LLC boosted its stake in Nucor by 1.0% in the third quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock valued at $1,365,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NUE shares. UBS Group restated a “neutral” rating and issued a $156.00 price objective (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Argus set a $155.00 price objective on shares of Nucor in a research report on Wednesday, March 5th. Morgan Stanley raised their target price on Nucor from $154.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Citigroup lowered their price target on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Jefferies Financial Group raised their price target on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Four equities research 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 stock. Based on data from MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Nucor Price Performance

Nucor stock opened at $131.21 on Thursday. Nucor Co. has a 12-month low of $112.25 and a 12-month high of $203.00. The stock has a market capitalization of $30.25 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.96 and a beta of 1.58. The firm’s 50-day moving average is $129.12 and its two-hundred day moving average is $138.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the previous year, the company posted $3.16 EPS. Equities analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.68%. Nucor’s payout ratio is currently 26.16%.

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.