Mn Services Vermogensbeheer B.V. Has $9.22 Million Stock Holdings in Nucor Co. (NYSE:NUE)

Mn Services Vermogensbeheer B.V. cut its holdings in Nucor Co. (NYSE:NUE) by 56.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,981 shares of the basic materials company’s stock after selling 68,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Nucor were worth $9,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in Nucor during the 3rd quarter worth approximately $25,000. Providence Capital Advisors LLC boosted its position in Nucor by 15,470.4% during the 1st quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 4,177 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Nucor during the 1st quarter worth approximately $32,000. Valley National Advisers Inc. boosted its position in Nucor by 716.7% during the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 172 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Nucor during the 3rd quarter worth approximately $40,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Trading Down 0.3 %

Shares of Nucor stock opened at $194.00 on Tuesday. Nucor Co. has a 12-month low of $129.79 and a 12-month high of $203.00. The business’s 50 day moving average is $190.66 and its 200-day moving average is $172.81. The company has a quick ratio of 2.35, a current ratio of 3.57 and a debt-to-equity ratio of 0.30. The stock has a market cap of $46.56 billion, a P/E ratio of 10.78 and a beta of 1.61.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The business had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the prior year, the business earned $4.89 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities research analysts predict that Nucor Co. will post 13 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s dividend payout ratio (DPR) is presently 12.01%.

Wall Street Analysts Forecast Growth

NUE has been the subject of a number of recent research reports. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. UBS Group started coverage on Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective on the stock. Finally, StockNews.com upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.67.

Insider Activity at Nucor

In related news, insider Michael D. Keller sold 3,145 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Nucor news, insider Michael D. Keller sold 3,145 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total transaction of $609,092.15. Following the transaction, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allen C. Behr sold 10,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the transaction, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,151 shares of company stock worth $7,308,683. Company insiders own 0.64% of the company’s stock.

Nucor 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.