Intrust Bank NA Sells 574 Shares of Nucor Co. (NYSE:NUE)

Intrust Bank NA lowered its position in Nucor Co. (NYSE:NUE) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,434 shares of the basic materials company’s stock after selling 574 shares during the quarter. Intrust Bank NA’s holdings in Nucor were worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. SVB Wealth LLC boosted its position in shares of Nucor by 1.5% during the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 54 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in Nucor by 36.6% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after buying an additional 59 shares during the last quarter. Center for Financial Planning Inc. lifted its position in Nucor by 7.9% in the 4th quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock worth $143,000 after buying an additional 60 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Nucor by 1.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock worth $652,000 after buying an additional 68 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in Nucor by 3.5% in the 3rd quarter. Alps Advisors Inc. now owns 2,066 shares of the basic materials company’s stock worth $323,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets decreased their price target on Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. UBS Group assumed coverage on Nucor in a research note on Tuesday, January 16th. They issued a “buy” rating and a $210.00 price target on the stock. StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. reduced their target price on Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Nucor presently has an average rating of “Hold” and a consensus target price of $193.14.

Nucor Stock Down 0.1 %

NUE stock traded down $0.18 during midday trading on Monday, hitting $175.24. The stock had a trading volume of 1,198,732 shares, compared to its average volume of 1,432,255. The firm has a market cap of $42.05 billion, a price-to-earnings ratio of 10.35 and a beta of 1.61. The business has a 50-day moving average of $190.62 and a two-hundred day moving average of $174.59. Nucor Co. has a 52-week low of $129.79 and a 52-week high of $203.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.48.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.62 by ($0.16). The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. Nucor’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.45 earnings per share. As a group, equities research analysts forecast that Nucor Co. will post 12.5 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 1.23%. Nucor’s payout ratio is 12.71%.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas J. Jellison sold 19,506 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 120,738 shares in the company, valued at $23,351,936.58. The disclosure for this sale can be found here. Insiders have sold a total of 38,151 shares of company stock valued at $7,308,683 over the last ninety days. Company insiders own 0.64% of the company’s stock.

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.