4,278 Shares in Nucor Co. (NYSE:NUE) Bought by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new position in Nucor Co. (NYSE:NUE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,278 shares of the basic materials company’s stock, valued at approximately $745,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Criterion Capital Advisors LLC acquired a new stake in Nucor in the 4th quarter worth $25,000. Valley National Advisers Inc. grew its position in Nucor by 716.7% in the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Nucor by 36.6% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 59 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Nucor by 2,410.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 241 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Nucor during the 3rd quarter valued at about $40,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Trading Down 0.3 %

Shares of NUE traded down $0.46 on Friday, reaching $175.42. 1,253,895 shares of the company’s stock were exchanged, compared to its average volume of 1,285,448. The company has a current ratio of 4.02, a quick ratio of 2.35 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $42.10 billion, a P/E ratio of 10.32 and a beta of 1.61. The business has a 50 day moving average price of $190.62 and a two-hundred day moving average price of $174.32. Nucor Co. has a 12 month low of $129.79 and a 12 month high of $203.00.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The firm had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.26 billion. Nucor had a net margin of 12.40% and a return on equity of 19.62%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.45 EPS. Research analysts anticipate that Nucor Co. will post 12.82 earnings per share for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Insider Activity

In other news, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the transaction, the executive vice president now owns 120,738 shares in the company, valued at $23,351,936.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael D. Keller sold 3,145 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the transaction, the insider now owns 24,873 shares in the company, valued at $4,817,153.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas J. Jellison sold 19,506 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total transaction of $3,772,655.46. Following the transaction, the executive vice president now owns 120,738 shares of the company’s stock, valued at approximately $23,351,936.58. The disclosure for this sale can be found here. Insiders sold 38,151 shares of company stock worth $7,308,683 over the last quarter. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $240.00 in a report on Wednesday, March 13th. UBS Group initiated coverage on shares of Nucor in a report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Nucor presently has an average rating of “Hold” and a consensus price target of $193.14.

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.