Nucor Co. (NYSE:NUE) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lessened its stake in Nucor Co. (NYSE:NUE) by 55.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,813 shares of the basic materials company’s stock after selling 3,437 shares during the quarter. Personal CFO Solutions LLC’s holdings in Nucor were worth $328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp lifted its holdings in shares of Nucor by 2.9% in the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock valued at $1,724,117,000 after buying an additional 326,181 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Nucor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock valued at $883,732,000 after buying an additional 74,569 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Nucor by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock valued at $519,648,000 after buying an additional 571,682 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Nucor by 25.6% in the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after buying an additional 358,721 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Nucor by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,680,468 shares of the basic materials company’s stock valued at $196,127,000 after buying an additional 68,252 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

Shares of Nucor stock opened at $126.63 on Tuesday. The business has a 50 day simple moving average of $128.56 and a two-hundred day simple moving average of $138.93. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The stock has a market capitalization of $29.19 billion, a P/E ratio of 15.06, a PEG ratio of 0.96 and a beta of 1.58. 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 announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating 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 earnings per share. As a group, analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.74%. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NUE shares. UBS Group reaffirmed a “neutral” rating and issued a $156.00 price target (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Argus set a $155.00 price target on Nucor in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced 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. Morgan Stanley upped their price target on Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday. Finally, 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. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.67.

Nucor Company 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.