DeDora Capital Inc. Takes $536,000 Position in Nucor Co. (NYSE:NUE)

DeDora Capital Inc. acquired a new stake in Nucor Co. (NYSE:NUE) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,707 shares of the basic materials company’s stock, valued at approximately $536,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Criterion Capital Advisors LLC bought a new stake in shares of Nucor in the 4th quarter valued at $25,000. Rise Advisors LLC bought a new stake in Nucor during the first quarter valued at $27,000. Tompkins Financial Corp raised its position in shares of Nucor by 208.0% in the 1st quarter. Tompkins Financial Corp now owns 154 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 104 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Nucor by 54.1% in the 1st quarter. Fortitude Family Office LLC now owns 168 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 59 shares during the period. Finally, Valley National Advisers Inc. boosted its position in shares of Nucor by 716.7% during the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NUE shares. JPMorgan Chase & Co. lowered their target price on Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. UBS Group started coverage on shares of Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price on the stock. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets reduced their target price on Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Nucor has an average rating of “Hold” and a consensus price target of $193.14.

Nucor Stock Up 2.0 %

Shares of NUE traded up $3.40 on Friday, reaching $173.92. The company’s stock had a trading volume of 1,054,672 shares, compared to its average volume of 1,443,490. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00. The stock has a market capitalization of $41.74 billion, a PE ratio of 10.23 and a beta of 1.65. The company has a current ratio of 4.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $189.15 and a 200-day moving average of $175.21.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.62 by ($0.16). The company had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the company earned $4.45 earnings per share. Equities analysts predict that Nucor Co. will post 12.55 EPS for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s dividend payout ratio is 12.71%.

Insider Transactions at Nucor

In related news, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the transaction, the insider now directly owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Allen C. Behr sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the completion of the sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at approximately $15,386,751.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was 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 directly owns 24,873 shares in the company, valued at $4,817,153.91. The disclosure for this sale can be found here. Insiders sold a total of 32,651 shares of company stock worth $6,283,648 in the last quarter. 0.46% of the stock is currently owned by corporate insiders.

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.