TCI Wealth Advisors Inc. lessened its stake in shares of Nucor Co. (NYSE:NUE – Free Report) by 3.4% in the third quarter, Holdings Channel reports. The institutional investor owned 2,066 shares of the basic materials company’s stock after selling 72 shares during the period. TCI Wealth Advisors Inc.’s holdings in Nucor were worth $311,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Chilton Capital Management LLC increased its stake 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 in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Nucor in the 1st quarter worth $28,000. Salomon & Ludwin LLC bought a new position in shares of Nucor during the first quarter valued at $31,000. McClarren Financial Advisors Inc. increased its holdings 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 buying an additional 89 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new position in Nucor during the 3rd quarter valued at about $30,000. 76.48% of the stock is owned by institutional investors.
Insider Transactions at Nucor
In related news, EVP Daniel R. Needham sold 8,624 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $160.00, for a total value of $1,379,840.00. Following the completion of the sale, the executive vice president now owns 99,049 shares in the company, valued at approximately $15,847,840. The trade was 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. Company insiders own 0.46% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Nucor
Nucor Price Performance
NUE stock traded up $5.22 during trading on Monday, hitting $146.69. 540,183 shares of the company’s stock traded hands, compared to its average volume of 1,495,134. Nucor Co. has a 52 week low of $133.42 and a 52 week high of $203.00. The stock has a market capitalization of $35.17 billion, a price-to-earnings ratio of 8.65 and a beta of 1.55. The business has a fifty day simple moving average of $147.66 and a 200 day simple moving average of $158.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.85 and a current ratio of 2.59.
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. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same quarter last year, the business posted $4.57 earnings per share. The firm’s revenue was down 15.2% on a year-over-year basis. As a group, research analysts expect that Nucor Co. will post 9.08 EPS for the current fiscal year.
Nucor Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, September 27th. Nucor’s dividend payout ratio (DPR) is 12.71%.
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.
Featured Stories
- Five stocks we like better than Nucor
- How to Plot Fibonacci Price Inflection Levels
- Inflation Risk Rising, Key Trades Investors Are Making Now
- How to Start Investing in Real Estate
- 3 Oil Stocks to Watch Before Earnings Come Out
- How to Most Effectively Use the MarketBeat Earnings Screener
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?
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).
Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.com's FREE daily email newsletter.