Certuity LLC Buys 2,789 Shares of Nucor Co. (NYSE:NUE)

Certuity LLC increased its stake in shares of Nucor Co. (NYSE:NUE) by 93.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,773 shares of the basic materials company’s stock after purchasing an additional 2,789 shares during the quarter. Certuity LLC’s holdings in Nucor were worth $1,005,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. SVB Wealth LLC grew its position in Nucor by 1.5% in the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 54 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in Nucor by 0.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,191 shares of the basic materials company’s stock valued at $1,252,000 after acquiring an additional 55 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its position in Nucor by 36.6% in 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 during the last quarter. Center for Financial Planning Inc. grew its position in Nucor by 7.9% in the 4th quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock valued at $143,000 after acquiring an additional 60 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its position in Nucor by 1.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Trading Down 3.8 %

Shares of NYSE NUE opened at $168.53 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.48. The stock has a market capitalization of $40.44 billion, a P/E ratio of 9.91 and a beta of 1.61. Nucor Co. has a 1-year low of $129.79 and a 1-year high of $203.00. The business has a fifty day moving average price of $190.11 and a 200 day moving average price of $174.94.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The company had revenue of $8.14 billion for 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 company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.45 earnings per share. Equities research analysts expect that Nucor Co. will post 12.5 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Analysts Set New Price Targets

Several brokerages have commented on NUE. StockNews.com downgraded Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. UBS Group assumed coverage on Nucor in a report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 target price for the company. 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. BMO Capital Markets lowered their target price on Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Finally, Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $193.14.

Insider Buying and Selling at Nucor

In other Nucor news, insider Michael D. Keller sold 3,145 shares of the 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 directly owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Nucor news, insider Michael D. Keller sold 3,145 shares of the 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 directly owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Douglas J. Jellison sold 19,506 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,151 shares of company stock worth $7,308,683. 0.64% of the stock is owned by 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.