Nucor Co. (NYSE:NUE) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 94.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 599 shares of the basic materials company's stock after selling 10,704 shares during the period. Hantz Financial Services Inc.'s holdings in Nucor were worth $90,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Mizuho Securities USA LLC increased its stake in shares of Nucor by 8,530.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company's stock worth $239,819,000 after purchasing an additional 1,576,695 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Nucor by 29.7% in the second quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the basic materials company's stock valued at $456,030,000 after buying an additional 660,866 shares during the period. Ceredex Value Advisors LLC purchased a new position in shares of Nucor during the 3rd quarter valued at $74,829,000. International Assets Investment Management LLC grew its stake in shares of 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 worth $49,144,000 after acquiring an additional 324,654 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nucor in the 3rd quarter worth about $46,731,000. Institutional investors own 76.48% of the company's stock.

Insider Buying and Selling

In related news, CEO Leon J. Topalian sold 11,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 172,136 shares in the company, valued at approximately $29,109,918.96. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen D. Laxton sold 4,712 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $169.53, for a total transaction of $798,825.36. Following the transaction, the chief financial officer now directly owns 82,132 shares of the company's stock, valued at approximately $13,923,837.96. This represents a 5.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,680 shares of company stock worth $4,773,724. 0.64% of the stock is owned by corporate insiders.

Nucor Stock Performance

NYSE:NUE traded down $1.39 during trading hours on Tuesday, reaching $154.98. The company had a trading volume of 2,042,586 shares, compared to its average volume of 1,557,855. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61. The firm has a market cap of $36.39 billion, a PE ratio of 14.97 and a beta of 1.55. The business's 50 day moving average price is $150.83 and its 200-day moving average price is $153.14. Nucor Co. has a 1-year low of $133.42 and a 1-year high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $7.28 billion. Nucor had a return on equity of 12.06% and a net margin of 8.05%. Nucor's revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.57 EPS. Research analysts forecast that Nucor Co. will post 8.5 EPS for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 1.39%. Nucor's dividend payout ratio is currently 20.87%.

Wall Street Analyst Weigh In

NUE has been the subject of several recent research reports. Morgan Stanley reduced their price target on Nucor from $170.00 to $166.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Argus upgraded shares of Nucor to a "strong-buy" rating in a research note on Monday, August 26th. JPMorgan Chase & Co. lowered their price target on shares of Nucor from $170.00 to $168.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group initiated coverage on shares of Nucor in a research report on Monday. They set a "buy" rating and a $190.00 price target for the company. Finally, BMO Capital Markets decreased their target price on Nucor from $175.00 to $160.00 and set a "market perform" rating for the company in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.50.

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.