Nucor Co. (NYSE:NUE) Position Trimmed by SageView Advisory Group LLC

SageView Advisory Group LLC lessened its holdings in shares of Nucor Co. (NYSE:NUE) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,216 shares of the basic materials company’s stock after selling 77 shares during the quarter. SageView Advisory Group LLC’s holdings in Nucor were worth $419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Criterion Capital Advisors LLC purchased a new position in Nucor during the 4th quarter valued at about $25,000. Valley National Advisers Inc. grew its stake in 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 acquiring an additional 172 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its stake in 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 valued at $38,000 after acquiring an additional 59 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in Nucor during the 4th quarter valued at about $38,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Nucor by 2,410.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock valued at $44,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analysts Set New Price Targets

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

Nucor Stock Down 1.1 %

NUE opened at $155.63 on Thursday. The business has a 50 day moving average price of $171.75 and a 200 day moving average price of $178.21. Nucor Co. has a twelve month low of $140.07 and a twelve month high of $203.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.48 and a current ratio of 4.02. The firm has a market cap of $37.31 billion, a P/E ratio of 9.15 and a beta of 1.60.

Nucor (NYSE:NUE) last posted its 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 analyst estimates of $8.26 billion. During the same quarter last year, the firm posted $4.45 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts forecast that Nucor Co. will post 11.41 EPS for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.39%. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

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.