Nucor Co. (NYSE:NUE) Shares Sold by First Personal Financial Services

First Personal Financial Services cut its holdings in Nucor Co. (NYSE:NUE) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,816 shares of the basic materials company’s stock after selling 1,491 shares during the quarter. Nucor comprises approximately 2.1% of First Personal Financial Services’ portfolio, making the stock its 18th largest holding. First Personal Financial Services’ holdings in Nucor were worth $9,744,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Field & Main Bank increased its stake in shares of Nucor by 1.6% during the third quarter. Field & Main Bank now owns 6,590 shares of the basic materials company’s stock worth $991,000 after acquiring an additional 105 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Nucor by 3.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,988 shares of the basic materials company’s stock worth $600,000 after acquiring an additional 149 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Nucor during the third quarter worth about $333,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Nucor by 1.1% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 139,462 shares of the basic materials company’s stock worth $20,957,000 after acquiring an additional 1,530 shares during the period. Finally, Stiles Financial Services Inc increased its stake in shares of Nucor by 59.1% during the third quarter. Stiles Financial Services Inc now owns 3,655 shares of the basic materials company’s stock worth $550,000 after acquiring an additional 1,358 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nucor

In related news, CEO Leon J. Topalian sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total transaction of $1,860,210.00. Following the transaction, the chief executive officer now owns 172,136 shares of the company’s stock, valued at approximately $29,109,918.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Leon J. Topalian sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total transaction of $1,860,210.00. Following the transaction, the chief executive officer now owns 172,136 shares of the company’s stock, valued at approximately $29,109,918.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth Rex Query sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,712 shares of company stock valued at $3,980,235. Company insiders own 0.46% of the company’s stock.

Nucor Stock Down 1.4 %

Shares of NYSE NUE opened at $158.84 on Friday. Nucor Co. has a 12-month low of $133.42 and a 12-month high of $203.00. The company has a market capitalization of $37.70 billion, a PE ratio of 15.35 and a beta of 1.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61. The firm’s 50-day moving average is $148.04 and its two-hundred day moving average is $155.77.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the prior year, the firm earned $4.57 earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. Equities analysts anticipate that Nucor Co. will post 8.65 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, September 27th. Nucor’s payout ratio is 20.87%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NUE shares. BMO Capital Markets dropped their price target on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 18th. Morgan Stanley decreased their price objective on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Argus raised shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $190.57.

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.