California Public Employees Retirement System trimmed its position in Nucor Co. (NYSE:NUE – Get Rating) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 644,722 shares of the basic materials company’s stock after selling 50,531 shares during the period. California Public Employees Retirement System owned approximately 0.23% of Nucor worth $73,595,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in NUE. FMR LLC boosted its stake in Nucor by 123.0% in the first quarter. FMR LLC now owns 674,154 shares of the basic materials company’s stock valued at $39,337,000 after acquiring an additional 371,876 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Nucor by 18.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,831,049 shares of the basic materials company’s stock valued at $209,014,000 after acquiring an additional 290,534 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Nucor in the fourth quarter valued at approximately $30,594,000. Todd Asset Management LLC acquired a new stake in Nucor in the fourth quarter valued at approximately $23,240,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Nucor by 870.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 224,379 shares of the basic materials company’s stock valued at $25,613,000 after acquiring an additional 201,254 shares in the last quarter. Institutional investors own 77.70% of the company’s stock.
In other news, EVP Allen C. Behr sold 3,014 shares of Nucor stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $143.40, for a total value of $432,207.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael D. Keller sold 3,600 shares of Nucor stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $154.58, for a total transaction of $556,488.00. The disclosure for this sale can be found here. Insiders sold 31,639 shares of company stock valued at $4,736,302 in the last ninety days. 0.46% of the stock is owned by corporate insiders.
NUE opened at $130.03 on Tuesday. Nucor Co. has a fifty-two week low of $87.71 and a fifty-two week high of $187.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.66 and a current ratio of 2.88. The company has a fifty day moving average of $148.60 and a two-hundred day moving average of $125.38. The stock has a market capitalization of $34.95 billion, a price-to-earnings ratio of 4.65 and a beta of 1.22.
Nucor (NYSE:NUE – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The basic materials company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $7.39 by $0.28. Nucor had a net margin of 19.97% and a return on equity of 55.61%. The company had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.72 billion. During the same quarter in the previous year, the company earned $3.10 earnings per share. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. On average, equities research analysts forecast that Nucor Co. will post 23.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 11th. Shareholders of record on Thursday, March 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.54%. Nucor’s payout ratio is 7.15%.
Nucor Company Profile (Get Rating)
Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.
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