Bank of Montreal Can Sells 10,120 Shares of Nucor Co. (NYSE:NUE)

Bank of Montreal Can lessened its holdings in shares of Nucor Co. (NYSE:NUE - Free Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,021 shares of the basic materials company's stock after selling 10,120 shares during the period. Bank of Montreal Can owned approximately 0.10% of Nucor worth $26,379,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Horrell Capital Management Inc. raised its holdings in shares of Nucor by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock worth $3,111,000 after acquiring an additional 76 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Nucor by 4.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company's stock worth $252,000 after buying an additional 91 shares during the period. Jessup Wealth Management Inc grew its holdings in shares of Nucor by 0.9% during the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after buying an additional 93 shares in the last quarter. Beacon Capital Management LLC raised its position in Nucor by 29.1% in the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock valued at $49,000 after buying an additional 94 shares during the last quarter. Finally, Zhang Financial LLC boosted its position in Nucor by 1.9% during the 4th quarter. Zhang Financial LLC now owns 5,284 shares of the basic materials company's stock worth $617,000 after acquiring an additional 99 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NUE shares. JPMorgan Chase & Co. cut their price objective on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday. StockNews.com lowered Nucor from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Jefferies Financial Group boosted their price target on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Citigroup decreased their target price on shares of Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, UBS Group upgraded shares of Nucor from a "neutral" rating to a "buy" rating and increased their price target for the company from $156.00 to $160.00 in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.33.

Nucor Stock Performance

Shares of NYSE NUE traded down $0.01 during mid-day trading on Wednesday, reaching $110.47. 324,589 shares of the company were exchanged, compared to its average volume of 2,874,823. Nucor Co. has a twelve month low of $97.59 and a twelve month high of $195.96. The stock has a market capitalization of $25.47 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.96 and a beta of 1.67. The company's 50-day simple moving average is $126.64 and its 200-day simple moving average is $134.01. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

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 analysts' consensus estimates 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 last year, the company earned $3.16 EPS. As a group, research analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. Nucor's dividend payout ratio (DPR) is presently 26.16%.

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.