Hills Bank & Trust Co. Sells 1,109 Shares of Nucor Co. (NYSE:NUE)

Hills Bank & Trust Co. trimmed its holdings in shares of Nucor Co. (NYSE:NUE) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,936 shares of the basic materials company’s stock after selling 1,109 shares during the quarter. Hills Bank & Trust Co.’s holdings in Nucor were worth $964,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastal Investment Advisors Inc. boosted its position in shares of Nucor by 79.9% during the second quarter. Coastal Investment Advisors Inc. now owns 556 shares of the basic materials company’s stock worth $31,000 after buying an additional 247 shares during the period. Optimum Investment Advisors raised its holdings in Nucor by 85.7% during the third quarter. Optimum Investment Advisors now owns 650 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in Nucor during the second quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Nucor by 300.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 800 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 600 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in Nucor during the second quarter worth approximately $44,000. 77.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NUE traded up $0.04 during trading on Friday, hitting $55.56. The company had a trading volume of 1,613,229 shares, compared to its average volume of 2,325,594. The company has a market cap of $16.82 billion, a P/E ratio of 7.29, a PEG ratio of 1.05 and a beta of 1.65. Nucor Co. has a 52 week low of $46.10 and a 52 week high of $64.11. The business’s 50-day moving average is $52.33 and its 200 day moving average is $52.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.78 and a current ratio of 3.36.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.10. Nucor had a return on equity of 16.90% and a net margin of 7.62%. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the prior year, the company earned $2.33 earnings per share. The firm’s revenue was down 19.0% on a year-over-year basis. On average, research analysts expect that Nucor Co. will post 4.39 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, September 26th. Nucor’s dividend payout ratio (DPR) is currently 21.00%.

In other news, CEO John J. Ferriola sold 3,203 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $54.00, for a total transaction of $172,962.00. Following the transaction, the chief executive officer now directly owns 453,954 shares in the company, valued at approximately $24,513,516. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Raymond S. Napolitan, Jr. sold 8,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $52.67, for a total transaction of $421,360.00. Following the transaction, the executive vice president now owns 142,393 shares in the company, valued at $7,499,839.31. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Several equities research analysts recently commented on the company. KeyCorp dropped their target price on Nucor from $61.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Credit Suisse Group set a $61.00 target price on Nucor and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine raised Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Bank of America dropped their target price on Nucor from $50.00 to $46.00 and set an “underperform” rating on the stock in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Nucor presently has a consensus rating of “Hold” and a consensus target price of $58.14.

Nucor Company Profile

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. 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 products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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