Nucor Co. (NYSE:NUE) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in Nucor Co. (NYSE:NUE) by 61.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 297 shares of the basic materials company’s stock after selling 479 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Nucor were worth $35,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NUE. Crews Bank & Trust acquired a new stake in Nucor during the fourth quarter valued at approximately $29,000. New Wave Wealth Advisors LLC acquired a new stake in Nucor during the fourth quarter valued at approximately $33,000. Versant Capital Management Inc raised its stake in Nucor by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after buying an additional 114 shares in the last quarter. Beacon Capital Management LLC raised its stake in Nucor by 29.1% during the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock valued at $49,000 after buying an additional 94 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in Nucor during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Performance

Shares of NUE stock opened at $116.66 on Tuesday. Nucor Co. has a 12-month low of $97.59 and a 12-month high of $176.60. The firm has a market capitalization of $26.89 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The business has a 50 day simple moving average of $122.11 and a 200 day simple moving average of $131.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. Nucor had a return on equity of 9.85% and a net margin of 6.60%. On average, equities research analysts anticipate that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.89%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group upped their price objective on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Morgan Stanley set a $164.00 price target on Nucor in a research report on Monday, March 24th. The Goldman Sachs Group dropped their price target on Nucor from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on Nucor from $156.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.33.

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.