Aperio Group LLC Has $5.52 Million Position in Nucor Corporation (NUE)

Aperio Group LLC boosted its stake in shares of Nucor Corporation (NYSE:NUE) by 14.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 95,462 shares of the basic materials company’s stock after buying an additional 12,010 shares during the period. Aperio Group LLC’s holdings in Nucor Corporation were worth $5,524,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Nucor Corporation by 1,900.5% in the first quarter. BlackRock Inc. now owns 21,654,414 shares of the basic materials company’s stock valued at $1,293,202,000 after buying an additional 20,571,970 shares during the last quarter. Vanguard Group Inc. boosted its position in Nucor Corporation by 17.3% in the first quarter. Vanguard Group Inc. now owns 25,254,158 shares of the basic materials company’s stock worth $1,508,179,000 after buying an additional 3,729,281 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Nucor Corporation by 1,351.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,207,726 shares of the basic materials company’s stock worth $72,124,000 after buying an additional 1,124,541 shares in the last quarter. AQR Capital Management LLC boosted its position in Nucor Corporation by 53.6% in the first quarter. AQR Capital Management LLC now owns 2,513,579 shares of the basic materials company’s stock worth $150,111,000 after buying an additional 877,194 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Nucor Corporation by 69.2% in the first quarter. Prudential Financial Inc. now owns 1,866,961 shares of the basic materials company’s stock worth $111,495,000 after buying an additional 763,540 shares in the last quarter. Institutional investors own 76.44% of the company’s stock.

Nucor Corporation (NYSE:NUE) traded down 0.1152% during midday trading on Monday, reaching $57.3938. 372,150 shares of the company’s stock were exchanged. The stock has a market cap of $18.39 billion, a PE ratio of 16.1128 and a beta of 1.52. Nucor Corporation has a 12 month low of $44.81 and a 12 month high of $68.00. The firm has a 50 day moving average of $58.49 and a 200-day moving average of $59.77.

Nucor Corporation (NYSE:NUE) last posted its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.06 by $0.06. The business had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. On average, equities research analysts predict that Nucor Corporation will post $4.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, June 28th. Nucor Corporation’s dividend payout ratio (DPR) is presently 43.77%.

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Nucor Corporation from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Cowen and Company reiterated a “market perform” rating and set a $63.00 price objective (up from $62.00) on shares of Nucor Corporation in a research report on Tuesday, July 25th. BidaskClub upgraded shares of Nucor Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Barclays PLC reiterated a “buy” rating and set a $73.00 price objective on shares of Nucor Corporation in a research report on Friday, May 5th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Nucor Corporation in a research report on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $68.76.

In other Nucor Corporation news, insider David A. Sumoski sold 2,537 shares of Nucor Corporation stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $61.66, for a total transaction of $156,431.42. Following the transaction, the insider now directly owns 62,434 shares of the company’s stock, valued at $3,849,680.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon J. Topalian sold 2,626 shares of Nucor Corporation stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $60.23, for a total transaction of $158,163.98. Following the transaction, the insider now directly owns 19,610 shares in the company, valued at $1,181,110.30. The disclosure for this sale can be found here. Insiders have sold 20,104 shares of company stock worth $1,213,595 over the last three months. Insiders own 0.70% of the company’s stock.

About Nucor Corporation

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

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