Nucor Co. (NYSE:NUE) Shares Bought by Strategic Advisors LLC

Strategic Advisors LLC boosted its position in shares of Nucor Co. (NYSE:NUE) by 31.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,584 shares of the basic materials company’s stock after acquiring an additional 1,329 shares during the period. Strategic Advisors LLC’s holdings in Nucor were worth $652,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Allworth Financial LP raised its position in Nucor by 65.9% in the 4th quarter. Allworth Financial LP now owns 1,375 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 546 shares during the last quarter. Beacon Capital Management LLC raised its position in Nucor by 29.1% during the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock worth $49,000 after buying an additional 94 shares during the last quarter. Bull Street Advisors LLC raised its position in Nucor by 1.3% during the 4th quarter. Bull Street Advisors LLC now owns 9,522 shares of the basic materials company’s stock worth $1,111,000 after buying an additional 120 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Nucor by 4.0% in the fourth quarter. V Square Quantitative Management LLC now owns 5,568 shares of the basic materials company’s stock valued at $650,000 after purchasing an additional 216 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of Nucor by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 9,013 shares of the basic materials company’s stock valued at $1,052,000 after purchasing an additional 1,001 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NUE. JPMorgan Chase & Co. reduced their price objective on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. UBS Group reiterated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. The Goldman Sachs Group began coverage on shares of Nucor in a research report on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price on the stock. Citigroup reduced their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

Nucor Stock Up 1.6 %

NUE stock opened at $137.75 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.00. The firm has a fifty day moving average price of $124.89 and a two-hundred day moving average price of $140.34. The firm has a market cap of $32.34 billion, a price-to-earnings ratio of 16.38 and a beta of 1.60.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter last year, the business earned $3.16 earnings per share. Research analysts predict that Nucor Co. will post 7.88 EPS for the current year.

Nucor Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.55 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.60%. This is a positive change from Nucor’s previous quarterly dividend of $0.54. Nucor’s dividend payout ratio is currently 26.16%.

Nucor Company 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.