Sigma Planning Corp Has $1.10 Million Stock Position in Nucor Co. (NYSE:NUE)

Sigma Planning Corp trimmed its holdings in Nucor Co. (NYSE:NUE - Free Report) by 33.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,301 shares of the basic materials company's stock after selling 3,635 shares during the period. Sigma Planning Corp's holdings in Nucor were worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NUE. McClarren Financial Advisors Inc. lifted its holdings 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 buying an additional 89 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in Nucor during the 3rd quarter valued at $30,000. Salomon & Ludwin LLC boosted its holdings in Nucor by 45.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 72 shares during the period. HHM Wealth Advisors LLC grew its position in Nucor by 769.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 226 shares of the basic materials company's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nucor during the 2nd quarter worth about $38,000. 76.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NUE has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Nucor from $175.00 to $160.00 and set a "market perform" rating for the company in a research note on Wednesday, September 18th. Argus raised shares of Nucor to a "strong-buy" rating in a research report on Monday, August 26th. Morgan Stanley cut 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. Finally, JPMorgan Chase & Co. cut their price objective on Nucor from $170.00 to $168.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nucor has a consensus rating of "Moderate Buy" and a consensus price target of $190.57.

Nucor Stock Down 1.1 %

Shares of NYSE:NUE traded down $1.67 during midday trading on Wednesday, reaching $152.22. 2,465,116 shares of the company were exchanged, compared to its average volume of 1,548,593. The firm has a market cap of $35.74 billion, a PE ratio of 14.75 and a beta of 1.55. Nucor Co. has a fifty-two week low of $133.42 and a fifty-two week high of $203.00. The stock has a fifty day simple moving average of $148.37 and a two-hundred day simple moving average of $155.24. The company has a quick ratio of 1.61, a current ratio of 2.59 and a debt-to-equity ratio of 0.26.

Nucor (NYSE:NUE - Get Free Report) last announced 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. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same quarter last year, the firm earned $4.57 EPS. Nucor's revenue for the quarter was down 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Nucor Co. will post 8.52 earnings per share for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were given 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 currently 20.87%.

Insider Buying and Selling

In related news, EVP Allen C. Behr sold 4,968 shares of the firm'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 transaction, the executive vice president now directly owns 85,376 shares of the company's stock, valued at approximately $13,636,254.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $1,321,200.00. Following the completion of the sale, the executive vice president now directly owns 98,770 shares of the company's stock, valued at $14,499,436. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $793,488.96. Following the transaction, the executive vice president now directly owns 85,376 shares in the company, valued at $13,636,254.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,680 shares of company stock worth $4,773,724. Corporate insiders own 0.46% of the company's stock.

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.