Illinois Municipal Retirement Fund boosted its stake in shares of Nucor Co. (NYSE:NUE) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,697 shares of the basic materials company’s stock after buying an additional 1,257 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Nucor were worth $3,427,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of NUE. Independence Bank of Kentucky raised its position in Nucor by 5.3% in the 1st quarter. Independence Bank of Kentucky now owns 2,503 shares of the basic materials company’s stock worth $201,000 after buying an additional 125 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Nucor by 30.2% during the 1st quarter. Pinnacle Bancorp Inc. now owns 651 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 151 shares during the period. Lighthouse Financial Advisors Inc. grew its stake in shares of Nucor by 0.4% during the 4th quarter. Lighthouse Financial Advisors Inc. now owns 49,630 shares of the basic materials company’s stock valued at $2,640,000 after acquiring an additional 199 shares during the period. Adirondack Trust Co. grew its stake in shares of Nucor by 9.8% during the 1st quarter. Adirondack Trust Co. now owns 2,300 shares of the basic materials company’s stock valued at $184,000 after acquiring an additional 205 shares during the period. Finally, HighPoint Advisor Group LLC grew its stake in shares of Nucor by 4.4% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,987 shares of the basic materials company’s stock valued at $400,000 after acquiring an additional 211 shares during the period. Institutional investors own 75.12% of the company’s stock.
In related news, EVP Kenneth Rex Query sold 3,000 shares of Nucor stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $65.54, for a total transaction of $196,620.00. Following the transaction, the executive vice president now owns 63,810 shares in the company, valued at $4,182,107.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Craig A. Feldman sold 29,672 shares of Nucor stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $62.53, for a total value of $1,855,390.16. Following the transaction, the executive vice president now owns 109,311 shares in the company, valued at approximately $6,835,216.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 249,753 shares of company stock worth $18,812,909. 1.39% of the stock is owned by corporate insiders.
Shares of NYSE:NUE opened at $85.70 on Tuesday. The business has a 50-day moving average price of $77.30 and a 200-day moving average price of $60.17. The company has a quick ratio of 2.40, a current ratio of 3.78 and a debt-to-equity ratio of 0.51. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 1.35 and a beta of 1.33. Nucor Co. has a 52-week low of $35.75 and a 52-week high of $86.81.
Nucor (NYSE:NUE) last announced its quarterly earnings results on Thursday, April 22nd. The basic materials company reported $3.10 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.04). Nucor had a net margin of 2.15% and a return on equity of 7.21%. The company had revenue of $7.02 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts anticipate that Nucor Co. will post 3.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 11th. Shareholders of record on Wednesday, March 31st will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, March 30th. Nucor’s payout ratio is currently 37.59%.
Nucor Corporation manufactures and sells steel and steel products. It operates through 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 products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.
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