Vontobel Holding Ltd. Has $1.21 Million Holdings in Nucor Co. (NYSE:NUE)

Vontobel Holding Ltd. trimmed its position in shares of Nucor Co. (NYSE:NUE) by 28.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,012 shares of the basic materials company’s stock after selling 3,156 shares during the period. Vontobel Holding Ltd.’s holdings in Nucor were worth $1,205,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its position in shares of Nucor by 4.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,630 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 64 shares in the last quarter. Chilton Capital Management LLC boosted its holdings in shares of Nucor by 94.2% in the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 65 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Nucor by 2.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 3,457 shares of the basic materials company’s stock valued at $546,000 after purchasing an additional 71 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Nucor by 3.3% during the 2nd quarter. Brighton Jones LLC now owns 2,218 shares of the basic materials company’s stock worth $351,000 after buying an additional 71 shares in the last quarter. Finally, CGN Advisors LLC lifted its position in shares of Nucor by 0.7% during the 1st quarter. CGN Advisors LLC now owns 9,837 shares of the basic materials company’s stock worth $1,947,000 after buying an additional 73 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Up 0.1 %

Shares of NUE opened at $158.24 on Friday. The stock’s 50-day moving average price is $147.44 and its two-hundred day moving average price is $160.49. Nucor Co. has a 12 month low of $133.42 and a 12 month high of $203.00. The company has a market capitalization of $37.94 billion, a PE ratio of 9.31 and a beta of 1.55. The company has a current ratio of 2.93, a quick ratio of 1.85 and a debt-to-equity ratio of 0.26.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, July 22nd. The basic materials company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.37. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.69 billion. Nucor had a return on equity of 15.69% and a net margin of 10.45%. The firm’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.81 earnings per share. On average, analysts anticipate that Nucor Co. will post 9.08 EPS for the current year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.37%. Nucor’s dividend payout ratio (DPR) is currently 12.71%.

Insider Activity at Nucor

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of Nucor stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $160.00, for a total value of $1,379,840.00. Following the completion of the sale, the executive vice president now directly owns 99,049 shares in the company, valued at approximately $15,847,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley lowered their target price on Nucor from $176.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, September 18th. BMO Capital Markets cut their target price on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 18th. Argus upgraded shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. Bank of America cut their price objective on Nucor from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. lowered their target price on Nucor from $174.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.43.

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.