Nicholson Wealth Management Group LLC Buys 427 Shares of Nucor Co. (NYSE:NUE)

Nicholson Wealth Management Group LLC lifted its stake in shares of Nucor Co. (NYSE:NUE) by 28.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,931 shares of the basic materials company’s stock after acquiring an additional 427 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Nucor were worth $225,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Nucor by 2.9% during the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock worth $1,724,117,000 after acquiring an additional 326,181 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Nucor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock worth $883,732,000 after acquiring an additional 74,569 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Nucor by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after acquiring an additional 571,682 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Nucor by 25.6% during the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock worth $205,282,000 after acquiring an additional 358,721 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Nucor by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,612,216 shares of the basic materials company’s stock worth $242,381,000 after acquiring an additional 45,467 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Trading Up 0.2 %

Nucor stock opened at $140.10 on Friday. The business has a 50 day moving average price of $124.82 and a two-hundred day moving average price of $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. The stock has a market cap of $32.90 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS 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 previous year, the business posted $3.16 earnings per share. As a group, equities analysts forecast that Nucor Co. will post 7.64 EPS for the current year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.57%. Nucor’s dividend payout ratio (DPR) is 26.16%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NUE shares. UBS Group reiterated a “neutral” rating and set a $156.00 price target (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Citigroup cut their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Jefferies Financial Group boosted their price objective on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley cut their price objective on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.13.

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.