U.S. Capital Wealth Advisors LLC Acquires 271 Shares of Nucor Co. (NYSE:NUE)

U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Nucor Co. (NYSE:NUE) by 7.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,925 shares of the basic materials company’s stock after buying an additional 271 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Nucor were worth $683,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NUE. SVB Wealth LLC increased its stake in shares of Nucor by 1.5% in the fourth quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock worth $636,000 after buying an additional 54 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Nucor by 0.8% in the fourth 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 period. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Nucor by 36.6% during the fourth 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. boosted its holdings in shares of Nucor by 7.9% during the fourth quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock worth $143,000 after purchasing an additional 60 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of Nucor by 1.7% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Nucor

In other news, insider Michael D. Keller sold 3,145 shares of the stock in a transaction that occurred 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 sale, the insider now owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the completion of the transaction, the executive vice president now 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 through this link. Also, insider Michael D. Keller sold 3,145 shares of the firm’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 sale, the insider now directly owns 24,873 shares in the company, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,651 shares of company stock valued at $6,283,648. 0.64% of the stock is owned by insiders.

Nucor Price Performance

Shares of NUE opened at $171.02 on Tuesday. Nucor Co. has a fifty-two week low of $129.79 and a fifty-two week high of $203.00. The firm’s 50-day simple moving average is $188.74 and its two-hundred day simple moving average is $175.62. The stock has a market cap of $41.04 billion, a PE ratio of 10.06 and a beta of 1.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.48 and a current ratio of 4.02.

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

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors 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 1.26%. The ex-dividend date is Wednesday, March 27th. Nucor’s payout ratio is 12.71%.

Nucor Company 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.