Nucor Co. (NYSE:NUE) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lessened its stake in shares of Nucor Co. (NYSE:NUE) by 16.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 918 shares of the basic materials company’s stock after selling 176 shares during the period. Lindbrook Capital LLC’s holdings in Nucor were worth $107,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Nucor during the 3rd quarter valued at $26,000. Coastline Trust Co acquired a new stake in Nucor during the 3rd quarter valued at $29,000. Crews Bank & Trust acquired a new stake in Nucor during the 4th quarter valued at $29,000. New Wave Wealth Advisors LLC acquired a new stake in Nucor during the 4th quarter valued at $33,000. Finally, Versant Capital Management Inc grew its holdings in Nucor by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Trading Up 1.4 %

Shares of NUE opened at $133.79 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $30.84 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The stock’s fifty day simple moving average is $128.34 and its 200 day simple moving average is $139.15. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00.

Nucor (NYSE:NUE) last issued its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping 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 last year, the company posted $3.16 EPS. On average, equities research analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Wall Street Analyst Weigh In

NUE has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. decreased their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Citigroup decreased their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, UBS Group restated a “neutral” rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $164.75.

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.