Stifel Financial Corp Has $18.38 Million Holdings in Nucor Co. (NYSE:NUE)

Stifel Financial Corp decreased its holdings in shares of Nucor Co. (NYSE:NUE - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,219 shares of the basic materials company's stock after selling 19,238 shares during the period. Stifel Financial Corp owned approximately 0.05% of Nucor worth $18,375,000 as of its most recent filing with the Securities and Exchange Commission.

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

Nucor Stock Down 2.8 %

NUE stock traded down $4.02 during mid-day trading on Tuesday, hitting $140.56. The stock had a trading volume of 1,629,148 shares, compared to its average volume of 1,561,922. The stock has a market capitalization of $33.00 billion, a price-to-earnings ratio of 13.97 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 Co. has a 1-year low of $133.42 and a 1-year high of $203.00. The company has a fifty day moving average of $150.56 and a 200 day moving average of $152.29.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.09. The firm 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%. The firm's revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.57 earnings per share. On average, equities analysts expect that Nucor Co. will post 8.5 EPS for the current fiscal year.

Nucor Announces Dividend

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

Analysts Set New Price Targets

NUE has been the topic of a number of recent analyst reports. Argus upgraded shares of Nucor to a "strong-buy" rating in a report on Monday, August 26th. BMO Capital Markets cut their target price 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 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. JPMorgan Chase & Co. dropped their price target on Nucor from $170.00 to $168.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group assumed coverage on Nucor in a research report on Monday, December 2nd. They set a "buy" rating and a $190.00 price objective for the company. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nucor has an average rating of "Moderate Buy" and an average target price of $190.50.

Insiders Place Their Bets

In other Nucor news, CFO Stephen D. Laxton sold 4,712 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $169.53, for a total transaction of $798,825.36. Following the transaction, the chief financial officer now owns 82,132 shares in the company, valued at $13,923,837.96. This trade represents a 5.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth Rex Query sold 9,000 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the executive vice president now owns 98,770 shares of the company's stock, valued at $14,499,436. The trade was a 8.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,680 shares of company stock valued at $4,773,724 over the last three months. 0.64% of the stock is currently owned by insiders.

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.