Nucor Co. (NYSE:NUE) Shares Sold by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lessened its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 39.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,964 shares of the basic materials company's stock after selling 11,246 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in Nucor were worth $1,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NUE. Ashton Thomas Securities LLC acquired a new position in shares of Nucor during the third quarter valued at approximately $26,000. Coastline Trust Co acquired a new position in shares of Nucor during the third quarter valued at approximately $29,000. Crews Bank & Trust acquired a new position in Nucor in the fourth quarter worth approximately $29,000. Brown Lisle Cummings Inc. acquired a new position in Nucor in the third quarter worth approximately $30,000. Finally, New Wave Wealth Advisors LLC acquired a new position in Nucor in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 4,968 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $159.72, for a total transaction of $793,488.96. Following the sale, the executive vice president now directly owns 85,376 shares of the company's stock, valued at approximately $13,636,254.72. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Leon J. Topalian sold 11,000 shares of the company's 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 sale, the chief executive officer now directly owns 172,136 shares in the company, valued at $29,109,918.96. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,680 shares of company stock valued at $3,452,524 over the last quarter. Corporate insiders own 0.46% of the company's stock.

Nucor Trading Up 1.4 %

Shares of NYSE:NUE opened at $128.69 on Friday. The stock has a market capitalization of $30.22 billion, a PE ratio of 15.30 and a beta of 1.60. The company has a current ratio of 2.51, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The firm has a fifty day moving average price of $128.94 and a 200 day moving average price of $142.62.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter last year, the company earned $3.16 earnings per share. Analysts expect that Nucor Co. will post 7.76 EPS for the current fiscal year.

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nucor's previous quarterly dividend of $0.54. Nucor's dividend payout ratio is 26.16%.

Wall Street Analyst Weigh In

NUE has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Nucor in a research report on Monday, December 2nd. They issued a "buy" rating and a $190.00 price target on the stock. Jefferies Financial Group lifted their price target on shares of Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Nucor from $152.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Nucor from $170.00 to $166.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group restated a "neutral" rating and issued a $156.00 price target (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nucor presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.63.

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.

Want to see what other hedge funds are holding NUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nucor Co. (NYSE:NUE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.