Heartland Bank & Trust Co Trims Stake in Nucor Co. (NYSE:NUE)

Heartland Bank & Trust Co reduced its stake in shares of Nucor Co. (NYSE:NUEFree Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,577 shares of the basic materials company’s stock after selling 155 shares during the quarter. Heartland Bank & Trust Co’s holdings in Nucor were worth $449,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Keybank National Association OH boosted its stake in Nucor by 3.4% during the third quarter. Keybank National Association OH now owns 19,246 shares of the basic materials company’s stock worth $3,009,000 after buying an additional 639 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Nucor in the 4th quarter valued at about $3,481,000. Deutsche Bank AG raised its stake in Nucor by 2.5% during the 3rd quarter. Deutsche Bank AG now owns 908,340 shares of the basic materials company’s stock valued at $142,019,000 after acquiring an additional 22,470 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Nucor during the 4th quarter valued at approximately $5,490,000. Finally, Nordea Investment Management AB raised its stake in Nucor by 2.1% during the 4th quarter. Nordea Investment Management AB now owns 1,094,177 shares of the basic materials company’s stock valued at $190,376,000 after acquiring an additional 22,596 shares during the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nucor news, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the transaction, the executive vice president now directly owns 120,738 shares in the company, valued at $23,351,936.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Douglas J. Jellison sold 19,506 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total transaction of $3,772,655.46. Following the sale, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now directly owns 24,873 shares in the company, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,151 shares of company stock worth $7,308,683. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NUE. UBS Group began coverage on Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price for the company. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $240.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. raised their price objective on Nucor from $151.00 to $158.00 and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Finally, StockNews.com downgraded Nucor from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $186.67.

Get Our Latest Research Report on Nucor

Nucor Trading Down 0.0 %

Nucor stock traded down $0.06 during midday trading on Wednesday, reaching $198.31. The stock had a trading volume of 488,701 shares, compared to its average volume of 1,439,703. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $202.89. The stock has a market capitalization of $47.59 billion, a PE ratio of 11.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.35 and a current ratio of 3.57. The stock’s 50-day simple moving average is $187.48 and its 200 day simple moving average is $170.05.

Nucor (NYSE:NUEGet Free Report) last issued its earnings results on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the firm earned $4.89 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. Analysts expect that Nucor Co. will post 14.03 EPS for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s payout ratio is 12.01%.

Nucor Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Nucor (NYSE:NUE)

Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.com's FREE daily email newsletter.