Nucor Co. (NYSE:NUE) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 39.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,905 shares of the basic materials company's stock after selling 9,177 shares during the period. Banque Cantonale Vaudoise's holdings in Nucor were worth $2,090,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mizuho Securities USA LLC increased its holdings in shares of Nucor by 8,530.1% in the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company's stock valued at $239,819,000 after purchasing an additional 1,576,695 shares during the period. Pacer Advisors Inc. increased its holdings in Nucor by 29.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the basic materials company's stock worth $456,030,000 after buying an additional 660,866 shares during the period. Ceredex Value Advisors LLC purchased a new position in Nucor during the 3rd quarter worth approximately $74,829,000. International Assets Investment Management LLC lifted its stake in Nucor by 14,525.9% during the 3rd quarter. International Assets Investment Management LLC now owns 326,889 shares of the basic materials company's stock valued at $49,144,000 after acquiring an additional 324,654 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Nucor by 25.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,283,111 shares of the basic materials company's stock valued at $192,902,000 after acquiring an additional 262,493 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NUE has been the subject of a number of research reports. Argus upgraded shares of Nucor to a "strong-buy" rating in a research report on Monday, August 26th. Morgan Stanley dropped their price target on shares of Nucor from $170.00 to $166.00 and set an "overweight" rating on the stock in a research 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 for the company in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets dropped their target price on shares of Nucor from $175.00 to $160.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Nucor currently has a consensus rating of "Moderate Buy" and an average target price of $190.57.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 9,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. This represents a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allen C. Behr sold 4,968 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $159.72, for a total transaction of $793,488.96. Following the completion of the transaction, the executive vice president now directly owns 85,376 shares of the company's stock, valued at approximately $13,636,254.72. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,680 shares of company stock valued at $4,773,724 over the last quarter. 0.46% of the stock is owned by company insiders.

Nucor Trading Up 2.4 %

NUE opened at $148.17 on Thursday. The business's 50 day moving average price is $149.32 and its 200 day moving average price is $154.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. The stock has a market capitalization of $34.79 billion, a PE ratio of 14.32 and a beta of 1.55. Nucor Co. has a one year low of $133.42 and a one year high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.09. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.28 billion. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The company's revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.57 EPS. As a group, equities research analysts expect that Nucor Co. will post 8.52 EPS for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were issued a $0.54 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 1.46%. Nucor's dividend payout ratio (DPR) is presently 20.87%.

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.