Signaturefd LLC Sells 578 Shares of Nucor Co. (NYSE:NUE)

Signaturefd LLC lowered its position in shares of Nucor Co. (NYSE:NUE) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,676 shares of the basic materials company’s stock after selling 578 shares during the quarter. Signaturefd LLC’s holdings in Nucor were worth $662,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts recently issued reports on NUE shares. Morgan Stanley increased their target price on shares of Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Jefferies Financial Group increased their price objective on shares of Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price 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 raised Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Citigroup reduced their price objective 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Nucor Stock Performance

Shares of NUE opened at $131.11 on Thursday. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00. 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 has a 50 day moving average price of $130.36 and a two-hundred day moving average price of $138.07. The firm has a market capitalization of $30.22 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUE) last released its quarterly 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 period last year, the company posted $3.16 earnings per share. Equities analysts forecast that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently disclosed 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. This represents a $2.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, March 31st. Nucor’s payout ratio is 26.16%.

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.