Nucor Co. (NYSE:NUE) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in Nucor Co. (NYSE:NUE - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,331 shares of the basic materials company's stock after selling 2,203 shares during the quarter. Amalgamated Bank's holdings in Nucor were worth $5,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NUE. Horizon Advisory Services Inc. grew its holdings in shares of Nucor by 9.0% in the fourth quarter. Horizon Advisory Services Inc. now owns 1,850 shares of the basic materials company's stock worth $216,000 after purchasing an additional 153 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Nucor by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,679,176 shares of the basic materials company's stock valued at $195,977,000 after purchasing an additional 104,238 shares during the period. Blackhawk Capital Partners LLC. grew its stake in Nucor by 19.8% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 4,406 shares of the basic materials company's stock worth $514,000 after purchasing an additional 727 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in Nucor by 70.9% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 32,529 shares of the basic materials company's stock worth $3,803,000 after purchasing an additional 13,492 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in shares of Nucor by 4.4% in the 4th quarter. Rothschild Investment LLC now owns 39,439 shares of the basic materials company's stock worth $4,603,000 after buying an additional 1,661 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Stock Performance

Shares of NYSE NUE traded down $3.53 during mid-day trading on Monday, hitting $133.94. The stock had a trading volume of 3,207,512 shares, compared to its average volume of 1,755,623. The firm has a market cap of $31.45 billion, a PE ratio of 15.93, a PEG ratio of 0.96 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The company has a 50 day moving average of $126.86 and a two-hundred day moving average of $139.51. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the prior year, the business posted $3.16 earnings per share. Research analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, March 31st. Nucor's payout ratio is 26.16%.

Analyst Ratings Changes

NUE has been the subject of several recent research reports. The Goldman Sachs Group began coverage on Nucor in a report on Monday, December 2nd. They issued a "buy" rating and a $190.00 price objective for the company. StockNews.com upgraded Nucor from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. UBS Group reiterated a "neutral" rating and issued a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Citigroup decreased their price objective on Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, Morgan Stanley cut their target price on Nucor from $166.00 to $154.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nucor currently has an average rating of "Moderate Buy" and an average price target of $163.13.

Nucor 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.