Nucor Co. (NYSE:NUE) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,219 shares of the basic materials company's stock after selling 4,038 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Nucor worth $14,381,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of Nucor by 2.9% in the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company's stock valued at $1,724,117,000 after buying an additional 326,181 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nucor by 1.3% in the third quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company's stock valued at $883,732,000 after buying an additional 74,569 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Nucor by 19.8% in the third quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company's stock valued at $519,648,000 after buying an additional 571,682 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Nucor by 25.6% in the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company's stock valued at $205,282,000 after buying an additional 358,721 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Nucor by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,612,216 shares of the basic materials company's stock valued at $242,381,000 after buying an additional 45,467 shares in the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NUE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Nucor from $152.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group started coverage on Nucor in a research report on Monday, December 2nd. They set a "buy" rating and a $190.00 price target for the company. UBS Group reiterated a "neutral" rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a research report on Thursday, December 12th. StockNews.com upgraded Nucor from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Citigroup dropped their price target on Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Four 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. Based on data from MarketBeat.com, Nucor presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.13.

Nucor Trading Up 0.2 %

NYSE NUE traded up $0.33 on Thursday, reaching $140.10. 1,895,604 shares of the company were exchanged, compared to its average volume of 2,883,749. The business's fifty day moving average price is $124.82 and its 200 day moving average price is $139.99. The stock has a market capitalization of $32.90 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter last year, the company earned $3.16 EPS. Analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, March 31st. Nucor's dividend payout ratio (DPR) is currently 26.16%.

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.