Charles Schwab Investment Management Inc. Acquires 45,467 Shares of Nucor Co. (NYSE:NUE)

Charles Schwab Investment Management Inc. grew its holdings in Nucor Co. (NYSE:NUE - Free Report) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,612,216 shares of the basic materials company's stock after acquiring an additional 45,467 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Nucor worth $242,381,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its stake in shares of Nucor by 129.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Nucor in the third quarter valued at approximately $26,000. Coastline Trust Co acquired a new stake in shares of Nucor in the third quarter worth $29,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Nucor in the third quarter worth $30,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Nucor by 769.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 226 shares of the basic materials company's stock worth $36,000 after buying an additional 200 shares during the period. 76.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price 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. Argus upgraded Nucor to a "strong-buy" rating in a research note on Monday, August 26th. Morgan Stanley decreased their target price on Nucor from $170.00 to $166.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets dropped their price target on 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 analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.57.

Insider Transactions at Nucor

In related news, EVP Kenneth Rex Query sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the executive vice president now owns 98,770 shares in the company, valued at $14,499,436. This trade represents a 8.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allen C. Behr sold 4,968 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $159.72, for a total value of $793,488.96. Following the completion of the sale, the executive vice president now directly owns 85,376 shares in the company, valued at approximately $13,636,254.72. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,680 shares of company stock valued at $4,773,724. Company insiders own 0.46% of the company's stock.

Nucor Trading Up 1.3 %

Shares of NUE opened at $151.92 on Friday. The stock's 50-day moving average price is $149.67 and its 200 day moving average price is $154.07. The company has a quick ratio of 1.61, a current ratio of 2.59 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $35.67 billion, a price-to-earnings ratio of 14.68 and a beta of 1.55. Nucor Co. has a 12-month low of $133.42 and a 12-month high of $203.00.

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

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, September 27th. Nucor's dividend payout ratio is 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.