Unison Advisors LLC Buys 147 Shares of Nucor Co. (NYSE:NUE)

Unison Advisors LLC increased its stake in shares of Nucor Co. (NYSE:NUE) by 0.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 42,105 shares of the basic materials company’s stock after purchasing an additional 147 shares during the period. Nucor accounts for 0.8% of Unison Advisors LLC’s investment portfolio, making the stock its 18th largest position. Unison Advisors LLC’s holdings in Nucor were worth $6,353,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. McClarren Financial Advisors Inc. grew its stake in Nucor by 129.0% during the second quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Nucor during the 1st quarter valued at $27,000. Chilton Capital Management LLC increased its holdings in shares of Nucor by 94.2% in the first quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 65 shares during the period. Central Pacific Bank Trust Division bought a new stake in Nucor during the first quarter valued at $28,000. Finally, Tompkins Financial Corp boosted its stake in Nucor by 208.0% during the first quarter. Tompkins Financial Corp now owns 154 shares of the basic materials company’s stock valued at $30,000 after buying an additional 104 shares during the period. Institutional investors own 76.48% of the company’s stock.

Insider Activity

In related news, EVP Daniel R. Needham sold 8,624 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $160.00, for a total transaction of $1,379,840.00. Following the completion of the sale, the executive vice president now directly owns 99,049 shares in the company, valued at $15,847,840. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NUE. JPMorgan Chase & Co. lowered their price target on Nucor from $174.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday. Bank of America lowered their target price on shares of Nucor from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. BMO Capital Markets cut their price target on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, September 18th. Argus raised shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. Finally, Morgan Stanley dropped their price objective on shares of Nucor from $176.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.43.

Nucor Trading Up 0.2 %

Shares of NUE stock traded up $0.23 on Thursday, hitting $152.05. 133,826 shares of the company’s stock traded hands, compared to its average volume of 1,459,025. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.85 and a current ratio of 2.93. The stock has a market capitalization of $36.46 billion, a price-to-earnings ratio of 8.93 and a beta of 1.55. The company’s fifty day simple moving average is $146.75 and its 200 day simple moving average is $162.61. Nucor Co. has a one year low of $133.42 and a one year high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, July 22nd. The basic materials company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.31 by $0.37. Nucor had a return on equity of 15.69% and a net margin of 10.45%. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the previous year, the business earned $5.81 earnings per share. The company’s quarterly revenue was down 15.2% on a year-over-year basis. Equities analysts forecast that Nucor Co. will post 9.28 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 1.42%. Nucor’s payout ratio is currently 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.