Nucor Co. (NYSE:NUE) Stock Holdings Increased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC boosted its position in Nucor Co. (NYSE:NUE) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,387 shares of the basic materials company’s stock after buying an additional 171 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Nucor were worth $764,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keybank National Association OH grew its holdings in shares of Nucor by 3.4% during the third quarter. Keybank National Association OH now owns 19,246 shares of the basic materials company’s stock valued at $3,009,000 after purchasing an additional 639 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Nucor during the fourth quarter valued at approximately $3,481,000. AIA Group Ltd grew its holdings in shares of Nucor by 53.2% during the fourth quarter. AIA Group Ltd now owns 13,226 shares of the basic materials company’s stock valued at $2,302,000 after purchasing an additional 4,592 shares during the last quarter. Sapient Capital LLC bought a new position in shares of Nucor during the fourth quarter valued at approximately $1,230,000. Finally, abrdn plc grew its holdings in shares of Nucor by 41.7% during the fourth quarter. abrdn plc now owns 154,745 shares of the basic materials company’s stock valued at $26,932,000 after purchasing an additional 45,521 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor Price Performance

NUE traded up $3.40 during trading on Friday, reaching $173.92. The stock had a trading volume of 1,054,672 shares, compared to its average volume of 1,443,490. The firm has a market capitalization of $41.74 billion, a price-to-earnings ratio of 10.23 and a beta of 1.65. The company has a quick ratio of 2.48, a current ratio of 4.02 and a debt-to-equity ratio of 0.31. Nucor Co. has a 1-year low of $129.79 and a 1-year high of $203.00. The stock has a 50 day moving average of $189.47 and a two-hundred day moving average of $174.86.

Nucor (NYSE:NUE) last released its earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The firm had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $4.45 earnings per share. As a group, equities analysts anticipate that Nucor Co. will post 12.55 EPS for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be issued a $0.54 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 1.24%. Nucor’s dividend payout ratio is currently 12.71%.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total value of $3,772,655.46. Following the transaction, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the transaction, the executive vice president now owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the transaction, the executive vice president now directly owns 120,738 shares in the company, valued at approximately $23,351,936.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,651 shares of company stock valued at $6,283,648. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NUE. BMO Capital Markets lowered their target price on Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. UBS Group assumed coverage on Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective for the company. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. JPMorgan Chase & Co. reduced their price objective on Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, StockNews.com downgraded Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nucor presently has a consensus rating of “Hold” and a consensus price target of $193.14.

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.