Citizens Financial Group Inc. RI Purchases 79 Shares of Nucor Co. (NYSE:NUE)

Citizens Financial Group Inc. RI boosted its holdings in shares of Nucor Co. (NYSE:NUE) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,629 shares of the basic materials company’s stock after acquiring an additional 79 shares during the period. Citizens Financial Group Inc. RI’s holdings in Nucor were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Commerce Bank lifted its position in shares of Nucor by 4.9% in the 3rd quarter. Commerce Bank now owns 16,344 shares of the basic materials company’s stock worth $2,457,000 after purchasing an additional 758 shares during the period. Prospera Private Wealth LLC purchased a new stake in Nucor during the third quarter worth $1,980,000. Counterweight Ventures LLC boosted its position in Nucor by 19.6% during the 3rd quarter. Counterweight Ventures LLC now owns 14,121 shares of the basic materials company’s stock valued at $2,123,000 after acquiring an additional 2,312 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Nucor during the 3rd quarter valued at $1,481,000. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Nucor by 12.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,069 shares of the basic materials company’s stock valued at $612,000 after acquiring an additional 456 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NUE. 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 note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective 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. BMO Capital Markets decreased 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 report on Wednesday, September 18th. Finally, Argus raised shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and an average price target of $190.57.

Insider Buying and Selling

In other Nucor news, CEO Leon J. Topalian sold 11,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total value of $1,860,210.00. Following the sale, the chief executive officer now directly owns 172,136 shares of the company’s stock, valued at approximately $29,109,918.96. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Rex Query sold 9,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the sale, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. This represents a 8.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,680 shares of company stock worth $4,773,724. 0.46% of the stock is owned by company insiders.

Nucor Trading Up 1.3 %

NYSE:NUE opened at $151.90 on Friday. The company has a market capitalization of $35.67 billion, a P/E ratio of 14.68 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 12 month low of $133.42 and a 12 month high of $203.00. The firm has a fifty day simple moving average of $149.67 and a 200-day simple moving average of $154.20.

Nucor (NYSE:NUE) last issued its quarterly earnings results 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 company had revenue of $7.44 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.57 EPS. On average, equities research analysts anticipate that Nucor Co. will post 8.52 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were given a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.42%. Nucor’s dividend payout ratio is currently 20.87%.

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.