Nucor Co. (NYSE:NUE) Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. increased its position in shares of Nucor Co. (NYSE:NUE) by 94.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,855 shares of the basic materials company’s stock after acquiring an additional 900 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Nucor were worth $323,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NUE. Criterion Capital Advisors LLC acquired a new position in shares of Nucor in the fourth quarter worth $25,000. Valley National Advisers Inc. increased its holdings in 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 period. Householder Group Estate & Retirement Specialist LLC raised 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 purchasing an additional 59 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in shares of Nucor during the fourth quarter worth about $38,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of 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 buying an additional 241 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insiders Place Their Bets

In related news, 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 transaction of $3,772,655.46. Following the completion of the transaction, the executive vice president now directly owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Douglas J. Jellison sold 19,506 shares of the company’s 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 $23,351,936.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was 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 disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

Nucor Stock Down 1.1 %

Shares of NYSE:NUE opened at $155.63 on Wednesday. Nucor Co. has a 1-year low of $140.07 and a 1-year high of $203.00. 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 cap of $37.31 billion, a P/E ratio of 9.15 and a beta of 1.60. The firm has a fifty day moving average price of $172.60 and a 200 day moving average price of $178.37.

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). Nucor had a return on equity of 19.62% and a net margin of 12.40%. The company had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the business earned $4.45 EPS. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts predict that Nucor Co. will post 11.41 EPS for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 1.39%. Nucor’s dividend payout ratio is currently 12.71%.

Analysts Set New Price Targets

NUE has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Nucor from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 11th. Jefferies Financial Group initiated coverage on Nucor in a research note on Monday, May 20th. They set a “hold” rating and a $190.00 target price for the company. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and increased their price target for the company from $180.00 to $240.00 in a research note on Wednesday, March 13th. StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets lowered their target price on shares of Nucor from $185.00 to $175.00 and set a “market perform” rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $188.38.

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.