Sanctuary Advisors LLC Sells 2,738 Shares of Nucor Co. (NYSE:NUE)

Sanctuary Advisors LLC lowered its stake in shares of Nucor Co. (NYSE:NUE) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,977 shares of the basic materials company’s stock after selling 2,738 shares during the quarter. Sanctuary Advisors LLC’s holdings in Nucor were worth $4,115,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NUE. Whittier Trust Co. boosted its position in Nucor by 384.6% during the third quarter. Whittier Trust Co. now owns 1,260 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 1,000 shares during the period. Signaturefd LLC lifted its holdings in shares of Nucor by 3.2% during the third quarter. Signaturefd LLC now owns 6,254 shares of the basic materials company’s stock worth $940,000 after buying an additional 193 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Nucor by 5.1% during the third quarter. Private Advisor Group LLC now owns 18,349 shares of the basic materials company’s stock worth $2,759,000 after buying an additional 888 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Nucor by 23.0% during the third quarter. Greenleaf Trust now owns 7,615 shares of the basic materials company’s stock worth $1,145,000 after buying an additional 1,422 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Nucor by 14,525.9% during the third quarter. International Assets Investment Management LLC now owns 326,889 shares of the basic materials company’s stock worth $49,144,000 after buying an additional 324,654 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

Shares of NYSE NUE opened at $135.19 on Friday. The business has a fifty day simple moving average of $125.00 and a 200 day simple moving average of $139.99. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $31.74 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.96 and a beta of 1.60. Nucor Co. has a one year low of $112.25 and a one year high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company earned $3.16 earnings per share. Sell-side analysts expect that Nucor Co. will post 7.64 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.63%. Nucor’s dividend payout ratio is currently 26.16%.

Analyst Ratings Changes

A number of research analysts have recently commented on NUE shares. Jefferies Financial Group upped their price target on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Citigroup cut their price target on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. UBS Group reiterated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group assumed coverage on Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price for the company. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

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.