Bank OZK Sells 110 Shares of Nucor Co. (NYSE:NUE)

Bank OZK trimmed its holdings in Nucor Co. (NYSE:NUE) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,426 shares of the basic materials company’s stock after selling 110 shares during the quarter. Bank OZK’s holdings in Nucor were worth $1,466,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Criterion Capital Advisors LLC bought a new position in shares of Nucor during the fourth quarter valued at about $25,000. Valley National Advisers Inc. lifted its position in shares of Nucor by 716.7% during the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 172 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Nucor by 36.6% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 59 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Nucor during the third quarter valued at about $40,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Nucor by 2,410.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 241 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Insider Transactions at Nucor

In related news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now directly owns 24,873 shares in the company, valued at approximately $4,817,153.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.41, for a total transaction 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 approximately $23,351,936.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the sale, the insider now owns 24,873 shares of the company’s stock, valued at $4,817,153.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,151 shares of company stock worth $7,308,683. 0.46% of the stock is currently owned by insiders.

Nucor Price Performance

Nucor stock traded down $0.46 during mid-day trading on Friday, hitting $175.42. 1,253,895 shares of the company traded hands, compared to its average volume of 1,285,448. The stock has a market cap of $42.10 billion, a price-to-earnings ratio of 10.32 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.35 and a current ratio of 4.02. Nucor Co. has a one year low of $129.79 and a one year high of $203.00. The stock has a fifty day moving average price of $190.62 and a 200-day moving average price of $174.32.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The business had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.45 earnings per share. On average, equities analysts predict that Nucor Co. will post 12.82 earnings per share for the current fiscal year.

Nucor Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NUE. BMO Capital Markets dropped their price target on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a research report on Wednesday. UBS Group assumed coverage on shares of Nucor in a report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective for the company. StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Nucor presently has an average rating of “Hold” and an average target price of $193.14.

About Nucor

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.