Thompson Siegel & Walmsley LLC Has $174,000 Holdings in Nucor Co. (NYSE:NUE)

Thompson Siegel & Walmsley LLC lessened its stake in Nucor Co. (NYSE:NUE) by 44.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the basic materials company’s stock after selling 788 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Nucor were worth $174,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NUE. Mackenzie Financial Corp increased its stake in Nucor by 38.6% during the 3rd quarter. Mackenzie Financial Corp now owns 28,115 shares of the basic materials company’s stock worth $4,385,000 after purchasing an additional 7,823 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Nucor by 26.1% in the third quarter. Whittier Trust Co. now owns 416 shares of the basic materials company’s stock valued at $65,000 after buying an additional 86 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Nucor by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 151,257 shares of the basic materials company’s stock valued at $23,649,000 after acquiring an additional 451 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Nucor by 4.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 790,991 shares of the basic materials company’s stock worth $123,671,000 after acquiring an additional 34,364 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Nucor by 5.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,296 shares of the basic materials company’s stock valued at $4,737,000 after acquiring an additional 1,431 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 80,902 shares in the company, valued at approximately $15,386,751.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Insiders sold a total of 32,651 shares of company stock worth $6,283,648 over the last three months. 0.46% of the stock is owned by insiders.

Nucor Trading Up 0.1 %

NUE opened at $174.47 on Friday. The company has a quick ratio of 2.48, a current ratio of 4.02 and a debt-to-equity ratio of 0.31. The stock has a market cap of $41.83 billion, a PE ratio of 10.26 and a beta of 1.65. The business has a 50 day moving average of $187.18 and a 200-day moving average of $176.02. Nucor Co. has a 52 week low of $129.79 and a 52 week high of $203.00.

Nucor (NYSE:NUE) last released 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 business had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the company earned $4.45 EPS. Nucor’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts predict that Nucor Co. will post 12.44 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, March 28th were issued a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.24%. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NUE. JPMorgan Chase & Co. cut their price target on Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. UBS Group assumed coverage on Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target on the stock. StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $240.00 in a research note on Wednesday, March 13th. Finally, BMO Capital Markets reduced their target price 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, April 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.