Nucor Co. (NYSE:NUE) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its position in shares of Nucor Co. (NYSE:NUEGet Rating) by 79.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,123 shares of the basic materials company’s stock after acquiring an additional 69,902 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Nucor worth $18,002,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jacobson & Schmitt Advisors LLC acquired a new position in Nucor during the 4th quarter worth about $251,000. Empowered Funds LLC lifted its stake in Nucor by 2.9% during the 4th quarter. Empowered Funds LLC now owns 57,600 shares of the basic materials company’s stock worth $6,575,000 after acquiring an additional 1,644 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Nucor by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 230,481 shares of the basic materials company’s stock worth $26,309,000 after acquiring an additional 5,700 shares in the last quarter. Palladium Partners LLC purchased a new stake in Nucor during the 4th quarter worth about $204,000. Finally, Peregrine Asset Advisers Inc. increased its holdings in Nucor by 62.3% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 4,869 shares of the basic materials company’s stock worth $556,000 after purchasing an additional 1,869 shares during the period. 77.70% of the stock is currently owned by hedge funds and other institutional investors.

In other Nucor news, EVP Daniel R. Needham sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $160.00, for a total transaction of $640,000.00. Following the completion of the sale, the executive vice president now directly owns 46,994 shares of the company’s stock, valued at approximately $7,519,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Keller sold 3,600 shares of the stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $154.58, for a total value of $556,488.00. The disclosure for this sale can be found here. Insiders have sold a total of 31,639 shares of company stock worth $4,736,302 in the last 90 days. 0.46% of the stock is currently owned by company insiders.

NYSE:NUE opened at $130.03 on Tuesday. The stock’s 50 day moving average price is $148.60 and its 200 day moving average price is $125.38. The company has a market capitalization of $34.95 billion, a PE ratio of 4.65 and a beta of 1.22. The company has a quick ratio of 1.66, a current ratio of 2.88 and a debt-to-equity ratio of 0.38. Nucor Co. has a 52-week low of $87.71 and a 52-week high of $187.90.

Nucor (NYSE:NUEGet Rating) last released its quarterly earnings results on Thursday, April 21st. The basic materials company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.39 by $0.28. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.72 billion. Nucor had a return on equity of 55.61% and a net margin of 19.97%. The firm’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.10 EPS. As a group, sell-side analysts anticipate that Nucor Co. will post 23.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 11th. Investors of record on Thursday, March 31st will be paid a dividend of $0.50 per share. 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 dividend payout ratio is presently 7.15%.

Several equities research analysts have weighed in on the company. Wolfe Research downgraded Nucor from a “peer perform” rating to an “underperform” rating and set a $102.00 price target on the stock. in a report on Tuesday, January 11th. BMO Capital Markets upped their price target on Nucor from $152.00 to $168.00 in a report on Friday, April 22nd. StockNews.com assumed coverage on Nucor in a report on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley upped their price target on Nucor from $107.00 to $108.00 and gave the stock an “equal weight” rating in a report on Monday, January 31st. Finally, Zacks Investment Research downgraded Nucor from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.64.

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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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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