Atria Investments Inc Has $378,000 Position in Nucor Co. (NYSE:NUE)

Atria Investments Inc reduced its stake in Nucor Co. (NYSE:NUE) by 66.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,235 shares of the basic materials company’s stock after selling 6,327 shares during the period. Atria Investments Inc’s holdings in Nucor were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NUE. Pacer Advisors Inc. boosted its stake in shares of Nucor by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock valued at $519,648,000 after purchasing an additional 571,682 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Nucor by 25.6% in the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after purchasing an additional 358,721 shares in the last quarter. State Street Corp boosted its stake in shares of Nucor by 2.9% in the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock valued at $1,724,117,000 after purchasing an additional 326,181 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Nucor in the 3rd quarter valued at approximately $46,731,000. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Nucor by 25.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,283,111 shares of the basic materials company’s stock valued at $192,902,000 after purchasing an additional 262,493 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on NUE. Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. The Goldman Sachs Group began coverage on shares of Nucor in a report on Monday, December 2nd. They issued a “buy” rating and a $190.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, UBS Group reiterated a “neutral” rating and issued a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Nucor Stock Up 2.1 %

Nucor stock opened at $132.26 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. Nucor Co. has a 52-week low of $112.25 and a 52-week high of $203.00. The firm has a 50 day moving average price of $129.75 and a two-hundred day moving average price of $138.42. The firm has a market cap of $30.49 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping the consensus estimate 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 earnings per share. Equities analysts predict that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is 26.16%.

Nucor Company 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.