Douglass Winthrop Advisors LLC Lowers Holdings in Nucor Co. (NYSE:NUE)

Douglass Winthrop Advisors LLC trimmed its holdings in Nucor Co. (NYSE:NUEFree Report) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,570 shares of the basic materials company’s stock after selling 353 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Nucor were worth $795,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new position in shares of Nucor in the fourth quarter valued at about $25,000. Valley National Advisers Inc. increased its holdings in shares of Nucor by 716.7% in the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Nucor by 36.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 59 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in shares of Nucor in the fourth quarter worth about $38,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Nucor by 2,410.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 241 shares during the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NUE shares. StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Jefferies Financial Group started coverage on Nucor in a research note on Monday, May 20th. They set a “hold” rating and a $190.00 price objective on the stock. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. BMO Capital Markets reduced their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $192.75.

Get Our Latest Analysis on NUE

Nucor Trading Down 1.0 %

Shares of NYSE NUE traded down $1.73 during trading hours on Tuesday, reaching $169.54. The stock had a trading volume of 568,707 shares, compared to its average volume of 1,391,425. The company has a current ratio of 4.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.31. The firm has a market cap of $40.65 billion, a price-to-earnings ratio of 10.01 and a beta of 1.65. The business’s fifty day moving average price is $184.30 and its two-hundred day moving average price is $178.15. Nucor Co. has a 52-week low of $129.79 and a 52-week high of $203.00.

Nucor (NYSE:NUEGet Free Report) last announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 12.40% and a return on equity of 19.62%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.45 EPS. Analysts expect that Nucor Co. will post 12.57 EPS for the current fiscal year.

Insider Transactions at Nucor

In other news, EVP Allen C. Behr sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the transaction, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Allen C. Behr sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total value of $1,901,900.00. Following the completion of the transaction, the executive vice president now directly owns 80,902 shares in the company, valued at $15,386,751.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,651 shares of company stock valued at $6,283,648. Corporate insiders own 0.64% of the company’s stock.

Nucor Company 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.

Further Reading

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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