Nucor Co. (NYSE:NUE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in shares of Nucor Co. (NYSE:NUE - Free Report) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,900 shares of the basic materials company's stock after buying an additional 38,767 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.14% of Nucor worth $49,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. increased its position in shares of Nucor by 129.0% during the second quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company's stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Nucor during the 3rd quarter worth approximately $26,000. Coastline Trust Co acquired a new position in shares of Nucor in the 3rd quarter valued at approximately $29,000. Brown Lisle Cummings Inc. purchased a new position in shares of Nucor during the 3rd quarter valued at approximately $30,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of Nucor by 45.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company's stock valued at $35,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on NUE shares. JPMorgan Chase & Co. cut their price target 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 shares of Nucor to a "strong-buy" rating in a research note on Monday, August 26th. BMO Capital Markets decreased their price target on Nucor from $175.00 to $160.00 and set a "market perform" rating for the company in a research note on Wednesday, September 18th. The Goldman Sachs Group started coverage on Nucor in a research note on Monday, December 2nd. They set a "buy" rating and a $190.00 price objective on the stock. Finally, 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 report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.50.

Insider Transactions at Nucor

In related news, EVP Allen C. Behr sold 4,968 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $159.72, for a total transaction of $793,488.96. Following the sale, the executive vice president now owns 85,376 shares of the company's stock, valued at $13,636,254.72. The trade was a 5.50 % 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, CEO Leon J. Topalian sold 11,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total value of $1,860,210.00. Following the transaction, the chief executive officer now directly owns 172,136 shares of the company's stock, valued at approximately $29,109,918.96. The trade was 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 sold 29,680 shares of company stock worth $4,773,724. Company insiders own 0.64% of the company's stock.

Nucor Stock Performance

Shares of NYSE NUE traded down $4.02 during mid-day trading on Tuesday, hitting $140.57. The company had a trading volume of 1,675,760 shares, compared to its average volume of 1,564,386. Nucor Co. has a 12 month low of $133.42 and a 12 month high of $203.00. The stock has a market cap of $33.01 billion, a price-to-earnings ratio of 13.58 and a beta of 1.55. 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's 50 day simple moving average is $150.56 and its two-hundred day simple moving average is $152.29.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.09. The company had revenue of $7.44 billion for 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 firm's quarterly revenue was down 15.2% compared to the same quarter last year. During the same period last year, the business posted $4.57 earnings per share. As a group, equities research analysts forecast that Nucor Co. will post 8.5 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.54%. Nucor's dividend payout ratio (DPR) is presently 20.87%.

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.