HUB Investment Partners LLC Sells 5,200 Shares of Nucor Co. (NYSE:NUE)

HUB Investment Partners LLC trimmed its holdings in Nucor Co. (NYSE:NUE) by 57.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,905 shares of the basic materials company’s stock after selling 5,200 shares during the quarter. HUB Investment Partners LLC’s holdings in Nucor were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Widmann Financial Services Inc. raised its holdings in Nucor by 4.0% during the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 70 shares during the period. Citizens Financial Group Inc. RI boosted its stake in shares of Nucor by 1.7% in the third quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock worth $696,000 after acquiring an additional 79 shares during the period. TCI Wealth Advisors Inc. grew its position in shares of Nucor by 4.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Jessup Wealth Management Inc raised its stake in Nucor by 0.9% during the 4th quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock valued at $1,229,000 after purchasing an additional 93 shares during the period. Finally, Redwood Investment Management LLC lifted its holdings in Nucor by 1.0% in the 3rd quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock worth $1,365,000 after purchasing an additional 94 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Trading Down 5.8 %

Shares of NYSE NUE opened at $122.02 on Friday. The stock has a market capitalization of $28.13 billion, a P/E ratio of 14.51, a PEG ratio of 0.96 and a beta of 1.58. Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.00. The business’s 50 day moving average is $130.65 and its two-hundred day moving average is $137.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period in the prior year, the firm earned $3.16 earnings per share. As a group, research analysts expect that Nucor Co. will post 7.64 EPS for the current year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. Nucor’s dividend payout ratio is presently 26.16%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NUE. Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. Jefferies Financial Group lifted their price target on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Citigroup dropped their price target on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.33.

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.