Mercer Global Advisors Inc. ADV lifted its stake in shares of Nucor Co. (NYSE:NUE – Get Rating) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,440 shares of the basic materials company’s stock after purchasing an additional 3,828 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Nucor were worth $11,465,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in NUE. Marshall Wace North America L.P. purchased a new stake in shares of Nucor during the first quarter worth approximately $54,000. FMR LLC raised its position in Nucor by 123.0% in the first quarter. FMR LLC now owns 674,154 shares of the basic materials company’s stock worth $39,337,000 after acquiring an additional 371,876 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in Nucor in the third quarter worth $79,000. Ziegler Capital Management LLC raised its position in Nucor by 4.3% in the third quarter. Ziegler Capital Management LLC now owns 5,528 shares of the basic materials company’s stock worth $544,000 after acquiring an additional 230 shares in the last quarter. Finally, Mcdonald Partners LLC increased its position in shares of Nucor by 86.0% in the third quarter. Mcdonald Partners LLC now owns 5,503 shares of the basic materials company’s stock valued at $542,000 after buying an additional 2,545 shares in the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.
In related news, insider Michael D. Keller sold 3,600 shares of the business’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $154.58, for a total transaction of $556,488.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allen C. Behr sold 3,014 shares of the company’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $143.40, for a total value of $432,207.60. The disclosure for this sale can be found here. Insiders sold 27,639 shares of company stock worth $4,096,302 in the last 90 days. Corporate insiders own 0.46% of the company’s stock.
NYSE:NUE traded down $0.61 during trading hours on Tuesday, hitting $169.72. 77,832 shares of the company’s stock traded hands, compared to its average volume of 3,436,544. The firm has a market cap of $45.62 billion, a P/E ratio of 7.28 and a beta of 1.33. Nucor Co. has a twelve month low of $75.60 and a twelve month high of $172.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 2.48. The stock’s fifty day moving average price is $138.74 and its two-hundred day moving average price is $119.56.
Nucor (NYSE:NUE – Get Rating) last issued its earnings results on Thursday, January 27th. The basic materials company reported $7.97 EPS for the quarter, beating analysts’ consensus estimates of $7.90 by $0.07. Nucor had a return on equity of 51.41% and a net margin of 18.71%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business’s quarterly revenue was up 97.0% compared to the same quarter last year. On average, equities research analysts predict that Nucor Co. will post 20.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 11th. Shareholders of record on Thursday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, March 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.18%. Nucor’s dividend payout ratio (DPR) is currently 8.55%.
About Nucor (Get Rating)
Nucor Corporation manufactures and sells steel and steel products. The company's 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; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.
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