Nucor Co. (NYSE:NUE) Shares Bought by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP increased its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 168,425 shares of the basic materials company's stock after purchasing an additional 10,390 shares during the quarter. Nucor accounts for 1.9% of Trinity Street Asset Management LLP's holdings, making the stock its 13th biggest holding. Trinity Street Asset Management LLP owned approximately 0.07% of Nucor worth $19,657,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in Nucor in the third quarter worth about $26,000. Coastline Trust Co purchased a new position in Nucor during the 3rd quarter valued at $29,000. Brown Lisle Cummings Inc. bought a new position in Nucor in the 3rd quarter valued at $30,000. Salomon & Ludwin LLC increased its stake in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company's stock worth $35,000 after purchasing an additional 72 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Nucor by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company's stock worth $35,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on NUE. JPMorgan Chase & Co. reduced their price target on shares of Nucor from $168.00 to $152.00 and set an "overweight" rating on the stock in a research note on Friday. Citigroup lowered their price target on Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Jefferies Financial Group reduced their price objective on Nucor from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group started coverage on Nucor in a report on Monday, December 2nd. They issued a "buy" rating and a $190.00 target price for the company. Finally, UBS Group restated a "neutral" rating and set a $156.00 price target (down previously from $171.00) on shares of Nucor in a research note 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $163.63.

Insider Buying and Selling at Nucor

In other Nucor news, CFO Stephen D. Laxton sold 4,712 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 approximately $13,923,837.96. This represents a 5.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Leon J. Topalian sold 11,000 shares of Nucor stock in a transaction on 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 owns 172,136 shares of the company's stock, valued at $29,109,918.96. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,680 shares of company stock worth $4,773,724. 0.64% of the stock is owned by insiders.

Nucor Stock Up 0.8 %

NUE traded up $1.04 on Friday, hitting $124.40. The company had a trading volume of 1,842,859 shares, compared to its average volume of 2,239,521. The stock has a market capitalization of $29.21 billion, a price-to-earnings ratio of 12.02 and a beta of 1.60. The stock has a fifty day moving average price of $133.52 and a 200-day moving average price of $144.48. Nucor Co. has a 12-month low of $112.25 and a 12-month high of $203.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.28 billion. During the same quarter in the prior year, the company posted $4.57 earnings per share. Nucor's revenue for the quarter was down 15.2% compared to the same quarter last year. Analysts predict that Nucor Co. will post 8.19 EPS for the current fiscal year.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be given a dividend of $0.55 per share. This is a positive change from Nucor's previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, December 31st. Nucor's dividend payout ratio is currently 21.26%.

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.