Nucor Co. (NUE) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC grew its stake in Nucor Co. (NYSE:NUE) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,148 shares of the basic materials company’s stock after acquiring an additional 1,531 shares during the period. Advisory Services Network LLC’s holdings in Nucor were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of Nucor by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,621,566 shares of the basic materials company’s stock worth $258,974,000 after acquiring an additional 150,219 shares during the last quarter. Boston Partners grew its position in shares of Nucor by 3.7% during the 3rd quarter. Boston Partners now owns 1,961,046 shares of the basic materials company’s stock worth $109,897,000 after buying an additional 70,358 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in shares of Nucor by 3.4% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,874,421 shares of the basic materials company’s stock worth $105,043,000 after buying an additional 60,915 shares during the period. Legal & General Group Plc grew its position in shares of Nucor by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 1,729,371 shares of the basic materials company’s stock worth $96,908,000 after buying an additional 46,786 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Nucor by 5.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,229,908 shares of the basic materials company’s stock worth $78,198,000 after buying an additional 61,563 shares during the period. 74.10% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Nucor from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research report on Tuesday, February 13th. Morgan Stanley lowered their price target on shares of Nucor from $70.00 to $68.00 and set a “hold” rating for the company in a research report on Tuesday, February 6th. Jefferies Group reiterated a “buy” rating and set a $76.00 price target on shares of Nucor in a research report on Wednesday, January 31st. BMO Capital Markets lifted their price target on shares of Nucor to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their price target on shares of Nucor from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $69.70.

In other news, EVP Robert J. Stratman sold 39,037 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the transaction, the executive vice president now owns 233,824 shares in the company, valued at $14,936,677.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John J. Ferriola sold 14,313 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $64.12, for a total transaction of $917,749.56. Following the completion of the transaction, the chairman now owns 333,775 shares of the company’s stock, valued at approximately $21,401,653. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Nucor Co. (NUE) opened at $68.54 on Monday. The stock has a market cap of $21,790.00, a P/E ratio of 16.72, a P/E/G ratio of 1.17 and a beta of 1.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.42. Nucor Co. has a 1-year low of $51.67 and a 1-year high of $70.48.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.10. The firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. equities analysts forecast that Nucor Co. will post 4.87 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. This is a boost from Nucor’s previous quarterly dividend of $0.38. Nucor’s payout ratio is currently 37.07%.

WARNING: “Nucor Co. (NUE) Shares Bought by Advisory Services Network LLC” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://ledgergazette.com/2018/02/19/nucor-co-nue-shares-bought-by-advisory-services-network-llc.html.

Nucor Profile

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

Want to see what other hedge funds are holding NUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nucor Co. (NYSE:NUE).

Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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Nucor Co. (NUE) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC grew its stake in Nucor Co. (NYSE:NUE) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,148 shares of the basic materials company’s stock after purchasing an additional 1,531 shares during the period. Advisory Services Network LLC’s holdings in Nucor were worth $709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NUE. CI Investments Inc. acquired a new stake in Nucor in the 3rd quarter worth $55,250,000. Alps Advisors Inc. grew its position in Nucor by 9,051.7% in the 4th quarter. Alps Advisors Inc. now owns 805,075 shares of the basic materials company’s stock worth $51,187,000 after purchasing an additional 796,278 shares during the last quarter. Point72 Asset Management L.P. grew its position in Nucor by 384.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 509,772 shares of the basic materials company’s stock worth $28,568,000 after purchasing an additional 404,622 shares during the last quarter. Stifel Financial Corp grew its position in Nucor by 120.6% in the 3rd quarter. Stifel Financial Corp now owns 594,283 shares of the basic materials company’s stock worth $33,356,000 after purchasing an additional 324,926 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. lifted its holdings in shares of Nucor by 76.4% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 475,000 shares of the basic materials company’s stock worth $26,619,000 after acquiring an additional 205,650 shares during the period. Institutional investors own 74.10% of the company’s stock.

In related news, EVP Robert J. Stratman sold 39,037 shares of Nucor stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $63.88, for a total transaction of $2,493,683.56. Following the completion of the transaction, the executive vice president now directly owns 233,824 shares of the company’s stock, valued at approximately $14,936,677.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John J. Ferriola sold 14,313 shares of Nucor stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $64.12, for a total transaction of $917,749.56. Following the transaction, the chairman now directly owns 333,775 shares of the company’s stock, valued at $21,401,653. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

A number of equities analysts have recently commented on the stock. Bank of America set a $75.00 price objective on shares of Nucor and gave the stock a “buy” rating in a report on Monday, January 8th. Jefferies Group reaffirmed a “buy” rating and set a $77.00 price objective on shares of Nucor in a report on Tuesday, January 9th. Zacks Investment Research raised shares of Nucor from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a report on Monday, January 8th. Credit Suisse Group raised their price objective on shares of Nucor from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets raised their price objective on shares of Nucor to $72.00 and gave the stock a “market perform” rating in a report on Wednesday, January 31st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.70.

Nucor Co. (NYSE NUE) opened at $68.54 on Monday. Nucor Co. has a 1-year low of $51.67 and a 1-year high of $70.48. The stock has a market cap of $21,790.00, a PE ratio of 16.72, a P/E/G ratio of 1.17 and a beta of 1.56. The company has a current ratio of 2.42, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.10. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. equities analysts predict that Nucor Co. will post 4.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were issued a dividend of $0.38 per share. This is an increase from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, December 28th. Nucor’s dividend payout ratio (DPR) is currently 37.07%.

TRADEMARK VIOLATION WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2018/02/19/nucor-co-nue-shares-bought-by-advisory-services-network-llc.html.

Nucor Company Profile

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

Want to see what other hedge funds are holding NUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nucor Co. (NYSE:NUE).

Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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