Global Retirement Partners LLC Sells 195 Shares of Nucor Co. (NYSE:NUE)

Global Retirement Partners LLC reduced its position in Nucor Co. (NYSE:NUE) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,426 shares of the basic materials company’s stock after selling 195 shares during the quarter. Global Retirement Partners LLC’s holdings in Nucor were worth $283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NUE. Ashton Thomas Securities LLC acquired a new position in shares of Nucor in the 3rd quarter valued at $26,000. Coastline Trust Co acquired a new stake in shares of Nucor during the 3rd quarter valued at about $29,000. Salomon & Ludwin LLC increased its stake in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 72 shares during the period. Crews Bank & Trust acquired a new position in Nucor in the fourth quarter worth about $29,000. Finally, New Wave Wealth Advisors LLC bought a new position in Nucor during the fourth quarter worth about $33,000. 76.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NUE. StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Morgan Stanley lowered their price target on Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Jefferies Financial Group lifted their price objective on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. UBS Group reaffirmed a “neutral” rating and issued a $156.00 target price (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Finally, Citigroup cut their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four equities research 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 MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and an average price target of $163.13.

Nucor Trading Up 0.7 %

NUE opened at $136.18 on Tuesday. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The company has a market cap of $31.98 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The firm has a 50 day simple moving average of $125.43 and a 200 day simple moving average of $139.71.

Nucor (NYSE:NUE) last issued its 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 quarter in the previous year, the company earned $3.16 EPS. On average, sell-side analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio is currently 26.16%.

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.