Robeco Institutional Asset Management B.V. Sells 194,620 Shares of Nucor Co. (NYSE:NUE)

Robeco Institutional Asset Management B.V. cut its stake in Nucor Co. (NYSE:NUE - Free Report) by 55.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,784 shares of the basic materials company's stock after selling 194,620 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of Nucor worth $23,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings 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 valued at $25,000 after acquiring an additional 89 shares during the period. Chilton Capital Management LLC lifted its holdings in Nucor by 94.2% during the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 65 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Nucor in the first quarter valued at about $28,000. Brown Lisle Cummings Inc. acquired a new position in Nucor in the third quarter valued at about $30,000. Finally, Salomon & Ludwin LLC grew its stake in Nucor by 45.6% during the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company's stock worth $35,000 after buying an additional 72 shares during the last quarter. Institutional investors own 76.48% of the company's stock.

Nucor Trading Up 16.0 %

Shares of NYSE:NUE traded up $23.13 during trading on Wednesday, hitting $167.74. 7,477,538 shares of the company's stock were exchanged, compared to its average volume of 1,533,003. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a market cap of $39.81 billion, a P/E ratio of 16.21 and a beta of 1.55. The firm has a 50-day moving average price of $147.68 and a two-hundred day moving average price of $155.96. Nucor Co. has a 1-year low of $133.42 and a 1-year high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last issued its earnings results on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.40 by $0.09. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.28 billion. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The business's revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.57 EPS. Equities analysts predict that Nucor Co. will post 8.65 earnings per share for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.29%. Nucor's dividend payout ratio (DPR) is presently 20.87%.

Insider Activity at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 9,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 98,770 shares of the company's stock, valued at approximately $14,499,436. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on NUE shares. Argus raised Nucor to a "strong-buy" rating in a report on Monday, August 26th. Morgan Stanley lowered their target price on Nucor from $170.00 to $166.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Nucor from $170.00 to $168.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets dropped their target price 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. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.57.

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.