Strategic Advisors LLC Sells 261 Shares of Nucor Co. (NYSE:NUE)

Strategic Advisors LLC lessened its holdings in Nucor Co. (NYSE:NUEFree Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,435 shares of the basic materials company’s stock after selling 261 shares during the period. Strategic Advisors LLC’s holdings in Nucor were worth $946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in Nucor in the third quarter valued at about $25,000. Providence Capital Advisors LLC grew its holdings in shares of Nucor by 15,470.4% during the first quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 4,177 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Nucor during the first quarter worth about $32,000. VisionPoint Advisory Group LLC bought a new stake in shares of Nucor during the second quarter worth about $39,000. Finally, OFI Invest Asset Management bought a new stake in shares of Nucor during the third quarter worth about $40,000. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

NUE has been the topic of several research reports. UBS Group initiated coverage on Nucor in a report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target on the stock. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. JPMorgan Chase & Co. boosted their price target on Nucor from $151.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, December 12th. Finally, StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nucor presently has an average rating of “Hold” and an average price target of $186.67.

View Our Latest Stock Report on Nucor

Insider Buying and Selling

In related news, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the completion of the sale, the insider now owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Nucor news, insider Michael D. Keller sold 3,145 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the completion of the transaction, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total value of $1,901,900.00. Following the sale, the executive vice president now owns 80,902 shares of the company’s stock, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,151 shares of company stock valued at $7,308,683. 0.46% of the stock is owned by insiders.

Nucor Stock Down 0.3 %

Nucor stock traded down $0.66 during trading on Friday, hitting $197.90. 1,051,990 shares of the company were exchanged, compared to its average volume of 1,290,304. The business’s 50 day moving average is $186.36 and its 200 day moving average is $169.40. Nucor Co. has a 52 week low of $129.79 and a 52 week high of $199.00. The company has a market capitalization of $47.49 billion, a P/E ratio of 11.00 and a beta of 1.61. The company has a current ratio of 3.57, a quick ratio of 2.35 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUEGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the prior year, the company earned $4.89 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. Analysts predict that Nucor Co. will post 14.03 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio (DPR) is currently 12.01%.

Nucor Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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