B. Riley Wealth Advisors Inc. Has $1.11 Million Stock Position in Nucor Co. (NYSE:NUE)

B. Riley Wealth Advisors Inc. lowered its stake in shares of Nucor Co. (NYSE:NUE) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,341 shares of the basic materials company’s stock after selling 341 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Nucor were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NUE. Criterion Capital Advisors LLC acquired a new stake in shares of Nucor in the 4th quarter worth about $25,000. Valley National Advisers Inc. raised its holdings in shares of Nucor by 716.7% in the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of 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 worth $38,000 after acquiring an additional 59 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Nucor in the 4th quarter worth about $38,000. Finally, Exchange Traded Concepts LLC raised its holdings 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 worth $44,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

NUE has been the subject of a number of recent analyst reports. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $240.00 in a research report 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. BMO Capital Markets reduced their price objective on shares of Nucor from $185.00 to $175.00 and set a “market perform” rating for the company in a research report on Monday. Jefferies Financial Group initiated coverage on shares of Nucor in a research report on Monday, May 20th. They issued a “hold” rating and a $190.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Nucor from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. Five 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $188.38.

Nucor Stock Up 0.8 %

Nucor stock opened at $156.80 on Friday. Nucor Co. has a twelve month low of $140.07 and a twelve month high of $203.00. The firm has a 50 day moving average price of $170.94 and a 200-day moving average price of $178.06. The company has a market capitalization of $37.59 billion, a P/E ratio of 9.22 and a beta of 1.60. 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 announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The business had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Nucor had a net margin of 12.40% and a return on equity of 19.62%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.45 earnings per share. As a group, equities analysts predict that Nucor Co. will post 11.27 EPS for the current year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, June 28th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, June 28th. Nucor’s payout ratio is currently 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.