Strs Ohio 在 Nucor 公司持有 452 万美元的头寸(纽约证券交易所代码:NUE)

Strs Ohio 在 Nucor 公司持有 452 万美元的头寸(纽约证券交易所代码:NUE)
2023年04月10日 17:33 富途牛牛综合

Strs Ohio cut its holdings in shares of Nucor Co. (NYSE:NUE – Get Rating) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,325 shares of the basic materials company's stock after selling 1,119 shares during the quarter. Strs Ohio's holdings in Nucor were worth $4,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in NUE. Dimensional Fund Advisors LP raised its stake in shares of Nucor by 4.2% in the third quarter. Dimensional Fund Advisors LP now owns 5,214,321 shares of the basic materials company's stock valued at $557,840,000 after acquiring an additional 212,404 shares during the last quarter. Invesco Ltd. raised its stake in Nucor by 11.3% in the first quarter. Invesco Ltd. now owns 1,738,793 shares of the basic materials company's stock valued at $258,471,000 after buying an additional 176,738 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nucor by 11.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 1,456,784 shares of the basic materials company's stock worth $155,862,000 after acquiring an additional 154,744 shares during the period. ProShare Advisors LLC raised its stake in Nucor by 25.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,380,645 shares of the basic materials company's stock worth $147,716,000 after purchasing an additional 283,409 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Nucor by 7.7% during the third quarter. Pacer Advisors Inc. now owns 1,146,853 shares of the basic materials company's stock worth $122,702,000 after buying an additional 82,400 shares in the last quarter. Institutional investors own 78.33% of the company's stock.

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Nucor Stock Performance

NUE stock opened at $145.53 on Monday. Nucor Co. has a 1 year low of $100.13 and a 1 year high of $187.90. The stock's fifty day moving average price is $160.84 and its 200-day moving average price is $145.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.39 and a quick ratio of 2.13. The company has a market cap of $36.66 billion, a P/E ratio of 5.07 and a beta of 1.56.

Nucor (NYSE:NUE – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The basic materials company reported $4.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.71. Nucor had a net margin of 18.33% and a return on equity of 42.03%. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the firm posted $7.97 EPS. Nucor's revenue for the quarter was down 15.8% compared to the same quarter last year. On average, equities analysts forecast that Nucor Co. will post 15.36 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 11th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.51 per share. The ex-dividend date is Thursday, March 30th. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. Nucor's dividend payout ratio is presently 7.10%.

Wall Street Analyst Weigh In

NUE has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on Nucor from $155.00 to $165.00 and gave the stock a "market perform" rating in a research note on Friday, January 27th. Morgan Stanley upped their target price on Nucor from $113.00 to $122.00 and gave the company an "equal weight" rating in a report on Monday, January 30th. Bank of America began coverage on Nucor in a report on Wednesday, January 4th. They set a "buy" rating and a $172.00 price target on the stock. The Goldman Sachs Group raised their target price on Nucor from $144.00 to $161.00 and gave the company a "neutral" rating in a research note on Friday, March 10th. Finally, StockNews.com raised shares of Nucor from a "hold" rating to a "buy" rating in a research note on Wednesday, April 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $153.44.

Insider Buying and Selling

In related news, EVP Allen C. Behr sold 2,613 shares of the stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $168.00, for a total transaction of $438,984.00. Following the sale, the executive vice president now directly owns 57,121 shares of the company's stock, valued at $9,596,328. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Nucor news, EVP Kenneth Rex Query sold 1,962 shares of the stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $177.99, for a total value of $349,216.38. Following the sale, the executive vice president now owns 74,138 shares of the company's stock, valued at approximately $13,195,822.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allen C. Behr sold 2,613 shares of the stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $168.00, for a total value of $438,984.00. Following the completion of the transaction, the executive vice president now directly owns 57,121 shares in the company, valued at approximately $9,596,328. The disclosure for this sale can be found here. Insiders sold 9,575 shares of company stock worth $1,630,000 in the last 90 days. Insiders own 0.46% of the company's stock.

Nucor Profile

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Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments.

Further Reading

  • Get a free copy of the StockNews.com research report on Nucor (NUE)
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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 – Get Rating).

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