2,849 Shares in Nucor Co. (NYSE:NUE) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC acquired a new position in shares of Nucor Co. (NYSE:NUE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,849 shares of the basic materials company’s stock, valued at approximately $333,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Nucor during the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in shares of Nucor during the 4th quarter valued at $29,000. New Wave Wealth Advisors LLC purchased a new position in shares of Nucor during the 4th quarter valued at $33,000. Beacon Capital Management LLC increased its stake in shares of Nucor by 29.1% in the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 94 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of Nucor during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In related news, CEO Leon J. Topalian sold 34,238 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the transaction, the chief executive officer now directly owns 162,993 shares in the company, valued at $19,590,128.67. The trade was a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

NUE has been the topic of several research reports. Argus set a $155.00 target price on Nucor in a research report on Wednesday, March 5th. Morgan Stanley set a $164.00 price objective on Nucor in a report on Monday, March 24th. Jefferies Financial Group lifted their target price on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on shares of Nucor from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, StockNews.com lowered shares of Nucor from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned 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 price target of $160.33.

Nucor Trading Down 0.2 %

Shares of NYSE:NUE opened at $115.30 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The stock’s 50-day moving average is $119.05 and its 200-day moving average is $129.50. The company has a market cap of $26.58 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.96 and a beta of 1.73. Nucor Co. has a 52-week low of $97.59 and a 52-week high of $176.59.

Nucor (NYSE:NUE) last released its earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Nucor had a net margin of 6.60% and a return on equity of 9.85%. The business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the business earned $3.46 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.91%. Nucor’s dividend payout ratio is 39.15%.

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.