Nucor Co. (NYSE:NUE) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in shares of Nucor Co. (NYSE:NUE) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,385 shares of the basic materials company’s stock after buying an additional 15,058 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.11% of Nucor worth $45,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Criterion Capital Advisors LLC acquired a new position in Nucor during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. lifted its position in shares of Nucor by 716.7% during the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 172 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Nucor by 36.6% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 59 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in shares of Nucor during the fourth quarter worth $38,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Nucor by 2,410.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 241 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nucor

In other Nucor news, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Douglas J. Jellison sold 19,506 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.41, for a total transaction of $3,772,655.46. Following the completion of the transaction, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the transaction, the insider now directly owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Insiders sold a total of 32,651 shares of company stock worth $6,283,648 over the last 90 days. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NUE shares. BMO Capital Markets reduced their target price on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. StockNews.com cut shares of Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. reduced their target price on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group assumed coverage on shares of Nucor in a research note on Monday, May 20th. They issued a “hold” rating and a $190.00 price target for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nucor currently has an average rating of “Hold” and a consensus price target of $192.75.

Nucor Stock Down 0.2 %

Shares of NYSE:NUE traded down $0.26 during midday trading on Friday, reaching $171.27. The company had a trading volume of 1,056,141 shares, compared to its average volume of 1,242,710. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.48. Nucor Co. has a one year low of $129.79 and a one year high of $203.00. The stock’s fifty day moving average price is $184.67 and its 200-day moving average price is $177.83. The stock has a market capitalization of $41.06 billion, a P/E ratio of 10.07 and a beta of 1.65.

Nucor (NYSE:NUE) last released its earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The business had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the firm earned $4.45 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts expect that Nucor Co. will post 12.57 earnings per share for the current fiscal year.

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.