Nucor Corporation (NUE) Stake Maintained by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. maintained its position in shares of Nucor Corporation (NYSE:NUE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the basic materials company’s stock at the end of the second quarter. Pittenger & Anderson Inc.’s holdings in Nucor Corporation were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Nucor Corporation by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 25,254,158 shares of the basic materials company’s stock worth $1,508,179,000 after purchasing an additional 3,729,281 shares during the last quarter. BlackRock Inc. raised its position in shares of Nucor Corporation by 1,900.5% in the 1st quarter. BlackRock Inc. now owns 21,654,414 shares of the basic materials company’s stock worth $1,293,202,000 after purchasing an additional 20,571,970 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Nucor Corporation by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,118,653 shares of the basic materials company’s stock worth $245,972,000 after purchasing an additional 14,091 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Nucor Corporation by 11.7% in the 1st quarter. Geode Capital Management LLC now owns 3,715,181 shares of the basic materials company’s stock worth $221,600,000 after purchasing an additional 389,241 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Nucor Corporation by 53.6% in the 1st quarter. AQR Capital Management LLC now owns 2,513,579 shares of the basic materials company’s stock worth $150,111,000 after purchasing an additional 877,194 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on NUE. Berenberg Bank reissued a “buy” rating and issued a $77.50 target price on shares of Nucor Corporation in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and issued a $68.00 target price on shares of Nucor Corporation in a research report on Wednesday, July 19th. Morgan Stanley reissued a “buy” rating on shares of Nucor Corporation in a research report on Tuesday, July 18th. Longbow Research raised Nucor Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Finally, Barclays PLC reissued a “buy” rating and issued a $73.00 target price on shares of Nucor Corporation in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $69.53.

Shares of Nucor Corporation (NUE) opened at 54.55 on Friday. The firm’s 50 day moving average price is $56.30 and its 200-day moving average price is $58.78. Nucor Corporation has a 1-year low of $44.81 and a 1-year high of $68.00. The company has a market capitalization of $17.42 billion, a P/E ratio of 15.31 and a beta of 1.53.

Nucor Corporation (NYSE:NUE) last announced its quarterly earnings data on Thursday, July 20th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by $0.06. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The firm had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts expect that Nucor Corporation will post $4.14 EPS for the current year.

In related news, Chairman John J. Ferriola sold 14,941 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $60.17, for a total transaction of $898,999.97. Following the sale, the chairman now directly owns 361,847 shares of the company’s stock, valued at $21,772,333.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Sumoski sold 2,537 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $61.66, for a total value of $156,431.42. Following the sale, the insider now directly owns 62,434 shares in the company, valued at $3,849,680.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,104 shares of company stock valued at $1,213,595. Company insiders own 0.70% of the company’s stock.

Nucor Corporation Profile

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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Institutional Ownership by Quarter for Nucor Corporation (NYSE:NUE)

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