Nucor Co. (NYSE:NUE) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC boosted its holdings in shares of Nucor Co. (NYSE:NUE - Free Report) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 522,074 shares of the basic materials company's stock after purchasing an additional 21,517 shares during the quarter. Empower Advisory Group LLC owned about 0.22% of Nucor worth $78,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. increased its stake in Nucor by 129.0% in the 2nd 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 bought a new stake in Nucor in the 3rd quarter worth approximately $26,000. Brown Lisle Cummings Inc. bought a new stake in Nucor in the 3rd quarter worth approximately $30,000. HHM Wealth Advisors LLC increased its stake 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 acquiring an additional 200 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Nucor by 45.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company's stock worth $35,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 76.48% of the company's stock.

Insider Transactions at Nucor

In other news, EVP Allen C. Behr sold 4,968 shares of the business's stock in a transaction 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 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Allen C. Behr sold 4,968 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $159.72, for a total transaction of $793,488.96. Following the transaction, the executive vice president now directly owns 85,376 shares of the company's stock, valued at $13,636,254.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth Rex Query sold 9,000 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,680 shares of company stock valued at $4,773,724. Corporate insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

NUE has been the topic of a number of research reports. BMO Capital Markets reduced their price objective on Nucor from $175.00 to $160.00 and set a "market perform" rating on the stock in a research note on Wednesday, September 18th. JPMorgan Chase & Co. cut their target price on Nucor from $170.00 to $168.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Argus raised Nucor to a "strong-buy" rating in a research report on Monday, August 26th. Finally, Morgan Stanley cut their target price on Nucor from $170.00 to $166.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.57.

Nucor Stock Down 0.8 %

Shares of NUE stock traded down $1.21 during mid-day trading on Wednesday, hitting $152.68. The stock had a trading volume of 862,565 shares, compared to its average volume of 1,541,308. Nucor Co. has a 12-month low of $133.42 and a 12-month high of $203.00. The firm has a market capitalization of $35.85 billion, a P/E ratio of 14.75 and a beta of 1.55. The firm's 50-day moving average is $148.37 and its two-hundred day moving average is $155.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.40 by $0.09. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.28 billion. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The business's revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.57 EPS. On average, analysts predict that Nucor Co. will post 8.52 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, September 27th. Nucor's payout ratio is 20.87%.

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.