Nucor Co. (NYSE:NUE) Position Increased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its stake in Nucor Co. (NYSE:NUE) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,677 shares of the basic materials company’s stock after buying an additional 181 shares during the period. Coldstream Capital Management Inc.’s holdings in Nucor were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NUE. McClarren Financial Advisors Inc. increased its holdings in shares of Nucor by 129.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 89 shares during the period. Ashton Thomas Securities LLC bought a new position in Nucor in the 3rd quarter worth about $26,000. Coastline Trust Co acquired a new stake in shares of Nucor in the third quarter valued at approximately $29,000. Brown Lisle Cummings Inc. bought a new stake in shares of Nucor during the third quarter valued at approximately $30,000. Finally, HHM Wealth Advisors LLC boosted its position in shares of Nucor by 769.2% during the second quarter. HHM Wealth Advisors LLC now owns 226 shares of the basic materials company’s stock worth $36,000 after buying an additional 200 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Performance

Shares of NUE opened at $125.24 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61. The firm’s 50 day moving average is $149.65 and its 200-day moving average is $151.83. Nucor Co. has a 12-month low of $125.00 and a 12-month high of $203.00. The stock has a market capitalization of $29.41 billion, a P/E ratio of 12.10 and a beta of 1.55.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.09. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.28 billion. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.57 earnings per share. Equities research analysts anticipate that Nucor Co. will post 8.5 EPS for the current fiscal year.

Nucor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.76%. Nucor’s payout ratio is 20.87%.

Insider Activity

In other news, CFO Stephen D. Laxton sold 4,712 shares of Nucor stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $169.53, for a total value of $798,825.36. Following the transaction, the chief financial officer now directly owns 82,132 shares of the company’s stock, valued at $13,923,837.96. This trade represents a 5.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kenneth Rex Query sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the executive vice president now owns 98,770 shares of the company’s stock, valued at approximately $14,499,436. This trade represents a 8.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,680 shares of company stock valued at $4,773,724 over the last three months. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. BMO Capital Markets lowered their target price on Nucor from $175.00 to $160.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 18th. UBS Group restated a “neutral” rating and set a $156.00 price objective (down from $171.00) on shares of Nucor in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley dropped their price target on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Argus upgraded shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. 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 stock. According to data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and a consensus target price of $183.75.

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.