Fisher Asset Management LLC Buys 14,813 Shares of Nucor Co. (NYSE:NUE)

Fisher Asset Management LLC grew its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 7.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 214,203 shares of the basic materials company's stock after buying an additional 14,813 shares during the period. Fisher Asset Management LLC owned approximately 0.09% of Nucor worth $32,203,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. GPS Wealth Strategies Group LLC increased its stake in Nucor by 4.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,630 shares of the basic materials company's stock valued at $258,000 after acquiring an additional 64 shares during the period. Aptus Capital Advisors LLC increased its stake in Nucor by 2.1% in the second quarter. Aptus Capital Advisors LLC now owns 3,457 shares of the basic materials company's stock valued at $546,000 after acquiring an additional 71 shares during the period. Brighton Jones LLC increased its stake in Nucor by 3.3% in the second quarter. Brighton Jones LLC now owns 2,218 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 71 shares during the period. Salomon & Ludwin LLC increased its stake in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 72 shares during the period. Finally, First Trust Direct Indexing L.P. increased its stake in Nucor by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,467 shares of the basic materials company's stock valued at $822,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 76.48% of the company's stock.

Nucor Price Performance

Shares of NUE stock opened at $154.04 on Wednesday. The firm's 50 day moving average is $150.12 and its 200-day moving average is $153.67. Nucor Co. has a 1 year low of $133.42 and a 1 year high of $203.00. The firm has a market capitalization of $36.17 billion, a price-to-earnings ratio of 14.88 and a beta of 1.55. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26.

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, 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 business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the business posted $4.57 earnings per share. Nucor's revenue was down 15.2% compared to the same quarter last year. Sell-side analysts forecast that Nucor Co. will post 8.5 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 1.40%. Nucor's dividend payout ratio (DPR) is presently 20.87%.

Insiders Place Their Bets

In other Nucor news, EVP Allen C. Behr sold 4,968 shares of the 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 sale, the executive vice president now directly owns 85,376 shares in the company, valued at approximately $13,636,254.72. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Leon J. Topalian sold 11,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $169.11, for a total transaction of $1,860,210.00. Following the completion of the sale, the chief executive officer now owns 172,136 shares in the company, valued at approximately $29,109,918.96. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,680 shares of company stock worth $4,773,724. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NUE shares. BMO Capital Markets decreased their price objective 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 research note 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 research note on Wednesday, October 23rd. Finally, Argus raised shares of Nucor to a "strong-buy" rating in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.