Bank Julius Baer & Co. Ltd Zurich Sells 265 Shares of Nucor Co. (NYSE:NUE)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in Nucor Co. (NYSE:NUE) by 15.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,455 shares of the basic materials company’s stock after selling 265 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Nucor were worth $253,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. SVB Wealth LLC lifted its position in Nucor by 1.5% in the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 54 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its stake in Nucor by 36.6% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock valued at $38,000 after buying an additional 59 shares during the last quarter. Center for Financial Planning Inc. increased its stake in Nucor by 7.9% in the 4th quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock valued at $143,000 after buying an additional 60 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Nucor by 1.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock valued at $652,000 after buying an additional 68 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Nucor by 3.5% in the 3rd quarter. Alps Advisors Inc. now owns 2,066 shares of the basic materials company’s stock valued at $323,000 after buying an additional 69 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 5,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $186.37, for a total value of $1,025,035.00. Following the completion of the transaction, the executive vice president now directly owns 85,326 shares of the company’s stock, valued at approximately $15,902,206.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Kenneth Rex Query sold 5,500 shares of Nucor stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $186.37, for a total transaction of $1,025,035.00. Following the completion of the sale, the executive vice president now directly owns 85,326 shares of the company’s stock, valued at approximately $15,902,206.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The disclosure for this sale can be found here. Insiders sold a total of 38,151 shares of company stock valued at $7,308,683 in the last three months. Company insiders own 0.46% of the company’s stock.

Nucor Stock Down 0.3 %

Shares of NYSE:NUE opened at $175.42 on Friday. The firm has a fifty day moving average price of $190.62 and a two-hundred day moving average price of $174.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.35. Nucor Co. has a one year low of $129.79 and a one year high of $203.00. The company has a market cap of $42.10 billion, a price-to-earnings ratio of 10.32 and a beta of 1.61.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 EPS 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 firm had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the business earned $4.45 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts anticipate that Nucor Co. will post 12.5 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s payout ratio is 12.71%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NUE. JPMorgan Chase & Co. decreased their price target on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group began coverage on shares of Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target for the company. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets decreased their price target on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $193.14.

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.