Toronto Dominion Bank Has $14.62 Million Stock Holdings in Nucor Co. (NYSE:NUE)

Toronto Dominion Bank lifted its position in shares of Nucor Co. (NYSE:NUE) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,280 shares of the basic materials company’s stock after purchasing an additional 7,834 shares during the period. Toronto Dominion Bank owned about 0.05% of Nucor worth $14,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NUE. Park Avenue Securities LLC raised its stake in shares of Nucor by 1.5% during the fourth quarter. Park Avenue Securities LLC now owns 7,088 shares of the basic materials company’s stock valued at $827,000 after acquiring an additional 103 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Nucor during the 4th quarter worth $255,000. Clarius Group LLC raised its position in Nucor by 20.5% during the 4th quarter. Clarius Group LLC now owns 1,873 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 318 shares during the last quarter. Liberty One Investment Management LLC lifted its holdings in Nucor by 14.5% during the 4th quarter. Liberty One Investment Management LLC now owns 2,696 shares of the basic materials company’s stock worth $315,000 after buying an additional 342 shares during the period. Finally, Ellsworth Advisors LLC grew its position in shares of Nucor by 3.6% in the 4th quarter. Ellsworth Advisors LLC now owns 14,551 shares of the basic materials company’s stock valued at $1,698,000 after buying an additional 506 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Leon J. Topalian sold 34,238 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the completion of the sale, the chief executive officer now owns 162,993 shares in the company, valued at $19,590,128.67. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Nucor Stock Down 0.4%

Nucor stock opened at $115.72 on Tuesday. The company has a market capitalization of $26.68 billion, a PE ratio of 13.76, a PEG ratio of 0.96 and a beta of 1.73. Nucor Co. has a 12-month low of $97.59 and a 12-month high of $173.00. The firm’s fifty day moving average is $117.38 and its 200 day moving average is $128.20. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.15). The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. Nucor had a net margin of 6.60% and a return on equity of 9.85%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $3.46 earnings per share. As a group, sell-side analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NUE has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price objective on Nucor from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Monday, April 7th. UBS Group upgraded shares of Nucor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $156.00 to $160.00 in a report on Monday, March 24th. Morgan Stanley set a $164.00 price target on shares of Nucor in a research report on Monday, March 24th. StockNews.com cut shares of Nucor from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Nucor from $156.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.33.

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.