Nucor Co. (NYSE:NUE) is Lakeside Advisors INC.’s 7th Largest Position

Lakeside Advisors INC. decreased its holdings in shares of Nucor Co. (NYSE:NUE) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 40,178 shares of the basic materials company’s stock after selling 193 shares during the period. Nucor accounts for about 3.1% of Lakeside Advisors INC.’s portfolio, making the stock its 7th largest position. Lakeside Advisors INC.’s holdings in Nucor were worth $4,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NUE. Ashton Thomas Securities LLC bought a new stake in shares of Nucor in the 3rd quarter valued at approximately $26,000. Coastline Trust Co purchased a new stake in Nucor during the 3rd quarter valued at $29,000. Crews Bank & Trust bought a new stake in Nucor in the fourth quarter worth $29,000. New Wave Wealth Advisors LLC purchased a new position in Nucor during the fourth quarter worth $33,000. Finally, Salomon & Ludwin LLC increased its position in Nucor by 45.6% during the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

NUE has been the subject of several analyst reports. Morgan Stanley lowered their target price on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. UBS Group restated a “neutral” rating and set a $156.00 target price (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Citigroup cut their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $163.13.

Nucor Trading Up 0.2 %

NUE opened at $140.10 on Friday. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00. The company has a market capitalization of $32.90 billion, a P/E ratio of 16.66, a PEG ratio of 0.96 and a beta of 1.60. The stock’s fifty day moving average is $124.82 and its two-hundred day moving average is $139.99. 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 released its quarterly earnings data 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 return on equity of 9.85% and a net margin of 6.60%. During the same period in the prior year, the company earned $3.16 earnings per share. Analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be given a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.57%. Nucor’s payout ratio is presently 26.16%.

About Nucor

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.