Atria Wealth Solutions Inc. Trims Position in Nucor Co. (NYSE:NUE)

Atria Wealth Solutions Inc. decreased its position in shares of Nucor Co. (NYSE:NUE) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,894 shares of the basic materials company’s stock after selling 834 shares during the period. Atria Wealth Solutions Inc.’s holdings in Nucor were worth $690,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NUE. Ashton Thomas Securities LLC purchased a new position in Nucor during the third quarter worth approximately $26,000. Coastline Trust Co purchased a new position in Nucor during the third quarter worth approximately $29,000. Crews Bank & Trust purchased a new position in Nucor during the fourth quarter worth approximately $29,000. New Wave Wealth Advisors LLC purchased a new position in Nucor during the fourth quarter worth approximately $33,000. Finally, Salomon & Ludwin LLC raised its stake in Nucor by 45.6% during the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

NUE opened at $136.01 on Wednesday. The company has a fifty day simple moving average of $125.74 and a 200 day simple moving average of $139.65. The firm has a market cap of $31.94 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.96 and a beta of 1.60. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the prior year, the business posted $3.16 EPS. Equities research analysts expect that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be given a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.62%. Nucor’s payout ratio is currently 26.16%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NUE. Morgan Stanley cut their price target on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. UBS Group reaffirmed a “neutral” rating and set a $156.00 price target (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Citigroup dropped their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price objective on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and an average target price of $163.13.

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.