Mirador Capital Partners LP Has $789,000 Stock Holdings in Nucor Co. (NYSE:NUE)

Mirador Capital Partners LP lifted its position in shares of Nucor Co. (NYSE:NUE) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,250 shares of the basic materials company’s stock after purchasing an additional 77 shares during the quarter. Mirador Capital Partners LP’s holdings in Nucor were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CX Institutional raised its stake in shares of Nucor by 52.8% in the 2nd quarter. CX Institutional now owns 17,245 shares of the basic materials company’s stock valued at $2,726,000 after buying an additional 5,960 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Nucor by 94.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,855 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 900 shares during the period. Norden Group LLC acquired a new position in shares of Nucor in the 1st quarter worth approximately $1,847,000. Banco Santander S.A. lifted its position in shares of Nucor by 86.2% during the 1st quarter. Banco Santander S.A. now owns 12,895 shares of the basic materials company’s stock worth $2,552,000 after buying an additional 5,971 shares during the period. Finally, Ascension Asset Management LLC acquired a new stake in Nucor in the 2nd quarter valued at $885,000. 76.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NUE. JPMorgan Chase & Co. raised Nucor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $170.00 to $174.00 in a report on Monday, September 9th. Argus raised shares of Nucor to a “strong-buy” rating in a research note on Monday, August 26th. Bank of America cut their target price on shares of Nucor from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. BMO Capital Markets decreased their price target on Nucor from $175.00 to $160.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 18th. Finally, Morgan Stanley cut their price objective on Nucor from $176.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.00.

Insider Transactions at Nucor

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $160.00, for a total value of $1,379,840.00. Following the transaction, the executive vice president now owns 99,049 shares of the company’s stock, valued at approximately $15,847,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

Nucor Trading Up 0.1 %

NUE traded up $0.15 during mid-day trading on Friday, reaching $151.44. The stock had a trading volume of 1,036,214 shares, compared to its average volume of 1,466,837. The firm’s fifty day simple moving average is $147.33 and its two-hundred day simple moving average is $163.72. The stock has a market capitalization of $36.31 billion, a P/E ratio of 8.91 and a beta of 1.55. Nucor Co. has a 52 week low of $133.42 and a 52 week high of $203.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.85 and a current ratio of 2.93.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, July 22nd. The basic materials company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.37. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.69 billion. Nucor had a return on equity of 15.69% and a net margin of 10.45%. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.81 earnings per share. On average, equities analysts predict that Nucor Co. will post 9.28 EPS for the current year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, September 27th. Nucor’s payout ratio is 12.71%.

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.