Nucor Co. (NYSE:NUE) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co trimmed its holdings in shares of Nucor Co. (NYSE:NUE) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,462 shares of the basic materials company’s stock after selling 91 shares during the period. Heartland Bank & Trust Co’s holdings in Nucor were worth $370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chilton Capital Management LLC raised its holdings in shares of Nucor by 94.2% during the first quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 65 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Nucor during the first quarter worth $28,000. Salomon & Ludwin LLC bought a new position in shares of Nucor during the first quarter worth about $31,000. McClarren Financial Advisors Inc. grew its position in shares of Nucor by 129.0% during the second quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Finally, Brown Lisle Cummings Inc. bought a new position in shares of Nucor during the third quarter worth about $30,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Performance

Shares of NUE opened at $141.66 on Thursday. Nucor Co. has a 52-week low of $133.42 and a 52-week high of $203.00. The company has a quick ratio of 1.85, a current ratio of 2.93 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $33.96 billion, a PE ratio of 8.33 and a beta of 1.55. The firm has a 50-day moving average price of $147.81 and a 200 day moving average price of $159.39.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.09. Nucor had a net margin of 10.45% and a return on equity of 15.69%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the prior year, the company earned $4.57 EPS. Nucor’s revenue was down 15.2% on a year-over-year basis. On average, sell-side analysts anticipate that Nucor Co. will post 9.08 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, September 27th. Nucor’s dividend payout ratio is presently 12.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NUE shares. JPMorgan Chase & Co. lowered their price target on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley lowered their price target on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday. Argus upgraded shares of Nucor to a “strong-buy” rating in a research report on Monday, August 26th. BMO Capital Markets lowered their price target on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research report on Wednesday, September 18th. Finally, Bank of America lowered their price target on shares of Nucor from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $190.57.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $160.00, for a total transaction of $1,379,840.00. Following the completion of the sale, the executive vice president now directly owns 99,049 shares of the company’s stock, valued at approximately $15,847,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Nucor Company 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.