InterOcean Capital Group LLC Has $1.40 Million Stock Holdings in Nucor Co. (NYSE:NUE)

InterOcean Capital Group LLC decreased its position in Nucor Co. (NYSE:NUE) by 10.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,051 shares of the basic materials company’s stock after selling 957 shares during the period. InterOcean Capital Group LLC’s holdings in Nucor were worth $1,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new stake in shares of Nucor in the fourth quarter valued at about $25,000. Valley National Advisers Inc. increased 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 worth $34,000 after purchasing an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased 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 worth $38,000 after purchasing an additional 59 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in shares of Nucor during the 4th quarter worth approximately $38,000. Finally, Exchange Traded Concepts LLC raised its position in Nucor by 2,410.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 241 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the transaction, the executive vice president now directly owns 80,902 shares in the company, valued at $15,386,751.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction, the executive vice president now directly 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. Insiders sold a total of 32,651 shares of company stock worth $6,283,648 over the last quarter. Insiders own 0.46% of the company’s stock.

Nucor Trading Down 0.1 %

Nucor stock traded down $0.20 during trading hours on Thursday, reaching $170.90. 136,253 shares of the company’s stock were exchanged, compared to its average volume of 1,394,753. The firm has a market capitalization of $40.97 billion, a PE ratio of 10.07 and a beta of 1.65. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00. The firm’s 50 day simple moving average is $185.22 and its 200 day simple moving average is $177.57. The company has a quick ratio of 2.48, a current ratio of 4.02 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last released its quarterly earnings results 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 company 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%. Nucor’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 EPS. Research analysts predict that Nucor Co. will post 12.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NUE has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on Nucor in a report on Monday. They set a “hold” rating and a $190.00 price target for the company. BMO Capital Markets cut their price objective on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Citigroup upgraded 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 research report on Wednesday, March 13th. JPMorgan Chase & Co. cut their target price on Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nucor has a consensus rating of “Hold” and an average price target of $192.75.

About Nucor

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.