(NYSE:NUE) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Vanguard Group Inc is the second biggest holder with 22 million shares now valued at 1.28 B million whilst State Street Corp has 20 million shares valued at 1.18 B million. National Pension Service owned approximately 0.08% of Nucor worth $15,716,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock.
In terms of earnings per share, 13 analysts have a 1.13 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 13 analysts have a 1.04 EPS mean target and for the quarter ending Sep-17 there are 17 estimates of 3.99 EPS. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Nucor by 41.3% in the third quarter.
The current consensus rating on Nucor (NYSE:NUE) is Buy (Score: 2.53) with a consensus target price of $67.43 per share, a potential 17.61% upside. These holdings make up 78.72% of the company's outstanding shares. Principal Financial Group Inc. boosted its position in Nucor by 153.2% in the third quarter. Over the past five trading sessions it is -4.58%; -10.86% for the month; -4.07% for the last quarter; 23.87% for the past six-months; and 18.27% for the last 12 months. Moreover, Daiwa Secs Gru Inc has 0.03% invested in Stryker Corporation (NYSE:SYK) for 33,400 shares. The company has dropped -3.32% in past 3 months and in the last five trades has moved down -3.01%. Company insiders own 0.63% of the company's stock. Nucor has a 52 week low of $44.81 and a 52 week high of $68.00. (NYSE:NUE) traded down 1.04% during trading on Friday, reaching $59.72. The company's stock had a trading volume of 2,024,516 shares. The company has a market cap of $19.04 billion, a PE ratio of 24.06 and a beta of 1.45. The company's 50 day moving average is $61.15 and its 200-day moving average is $58.22.
General Motors Company (NYSE:GM) have shown a high EPS growth of 5.60% in the last 5 years and has earnings growth of -69.80% yoy. (NYSE:NUE) have been assigned a consensus recommendation of "Buy" from the nineteen ratings firms that are now covering the company. The business earned $3.96 billion during the quarter, compared to the consensus estimate of $3.78 billion. Nucor had a net margin of 4.53% and a return on equity of 9.32%. During the same quarter a year ago, the business earned $0.46 EPS. Now the P/E of Nucor Corporation (NUE) stands at 23.07. During the same quarter a year ago, the business posted $0.27 earnings per share. Shareholders of record on Friday, March 31st will be given a dividend of $0.3775 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.65%. Nucor's payout ratio is 65.94%.
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A number of other analysts have also commented on NUE. The company presently has a consensus rating of "Buy" and an average target price of $65.91. Credit Suisse Group set a $52.00 price objective on shares of Nucor Corporation and gave the stock a "hold" rating in a research report on Saturday, October 8th.
There are now 318,848,000 shares in issue with a current share value of 59.43 giving Nucor Corporation a market capitalisation of 18.95B Dollars. Finally, Deutsche Bank AG raised their price target on shares of Nucor from $73.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, March 21st. Finally, Citigroup Inc reaffirmed a "neutral" rating and set a $65.00 price target (up from $50.00) on shares of Nucor in a research note on Friday, January 20th. 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's stock.
Nucor Co. (NYSE:NUE) had its target price increased by analysts at JPMorgan Chase & Co. from $70.00 to $75.00 in a report released on Wednesday. The stock was sold at an average price of $62.57, for a total transaction of $3,293,121.67. Following the transaction, the chief financial officer now directly owns 174,037 shares in the company, valued at $10,889,495.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.