TI Trust Inc. Has $894,000 Stock Holdings in Nucor Corporation (NYSE:NUE)

TI Trust Inc. trimmed its stake in Nucor Corporation (NYSE:NUE) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,430 shares of the basic materials company’s stock after selling 170 shares during the quarter. TI Trust Inc.’s holdings in Nucor were worth $894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NUE. Creative Financial Designs Inc. ADV raised its stake in Nucor by 3.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 5,828 shares of the basic materials company’s stock valued at $701,000 after acquiring an additional 217 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Nucor by 64.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 50,962 shares of the basic materials company’s stock valued at $6,133,000 after purchasing an additional 19,936 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Nucor by 139.5% in the first quarter. Golden State Wealth Management LLC now owns 6,318 shares of the basic materials company’s stock valued at $761,000 after purchasing an additional 3,680 shares during the last quarter. Spire Wealth Management raised its position in shares of Nucor by 103.4% in the first quarter. Spire Wealth Management now owns 12,591 shares of the basic materials company’s stock valued at $1,515,000 after purchasing an additional 6,401 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in shares of Nucor during the 1st quarter worth about $512,000. 76.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BMO Capital Markets upgraded shares of Nucor from a “market perform” rating to an “outperform” rating and upped their price target for the company from $140.00 to $145.00 in a research note on Monday, June 2nd. Wall Street Zen downgraded Nucor from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. UBS Group dropped their price target on Nucor from $153.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, May 29th. Argus set a $155.00 price target on Nucor in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group lowered their price objective on Nucor from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.56.

Nucor Price Performance

Nucor stock opened at $128.27 on Thursday. The firm has a market cap of $29.60 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 0.83 and a beta of 1.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.52 and a quick ratio of 1.48. The stock’s fifty day moving average price is $117.36 and its two-hundred day moving average price is $122.35. Nucor Corporation has a one year low of $97.59 and a one year high of $170.52.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, April 28th. The basic materials company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Nucor had a return on equity of 6.82% and a net margin of 4.40%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the previous year, the business posted $3.46 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, research analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Monday, June 30th. Nucor’s dividend payout ratio (DPR) is presently 39.15%.

Insider Buying and Selling

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of Nucor stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $120.19, for a total value of $4,115,065.22. Following the transaction, 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 at this link. 0.46% of the stock is currently owned by company insiders.

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.