SG Americas Securities LLC Purchases 129,938 Shares of Nucor Co. (NYSE:NUE)

SG Americas Securities LLC boosted its holdings in Nucor Co. (NYSE:NUE) by 274.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,232 shares of the basic materials company’s stock after purchasing an additional 129,938 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Nucor worth $20,685,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NUE. Renaissance Technologies LLC lifted its holdings in Nucor by 4.3% in the second quarter. Renaissance Technologies LLC now owns 9,700 shares of the basic materials company’s stock valued at $1,533,000 after acquiring an additional 400 shares during the period. Sei Investments Co. lifted its position in shares of Nucor by 91.4% during the second quarter. Sei Investments Co. now owns 55,770 shares of the basic materials company’s stock worth $8,816,000 after purchasing an additional 26,638 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Nucor by 31.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 15,524 shares of the basic materials company’s stock valued at $2,454,000 after buying an additional 3,680 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Nucor by 64.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,100 shares of the basic materials company’s stock worth $1,439,000 after acquiring an additional 3,574 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of Nucor by 3.5% during the second quarter. Evergreen Capital Management LLC now owns 4,498 shares of the basic materials company’s stock worth $713,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Down 2.5 %

NUE stock opened at $121.95 on Thursday. The firm has a 50-day moving average price of $132.24 and a 200-day moving average price of $143.97. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $28.63 billion, a P/E ratio of 11.78 and a beta of 1.60.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.09. The business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.28 billion. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.57 EPS. As a group, equities research analysts anticipate that Nucor Co. will post 8.13 EPS for the current fiscal year.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be paid a $0.55 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 1.80%. Nucor’s dividend payout ratio is currently 21.26%.

Insider Transactions at Nucor

In other news, EVP Kenneth Rex Query sold 9,000 shares of the firm’s 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 transaction, the executive vice president now owns 98,770 shares of the company’s stock, valued at $14,499,436. This trade represents a 8.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Leon J. Topalian sold 11,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 172,136 shares of the company’s stock, valued at approximately $29,109,918.96. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,680 shares of company stock valued at $4,773,724. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NUE has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on Nucor from $168.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Citigroup dropped their price target on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on shares of Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.63.

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.