RIA Advisory Group LLC Takes $485,000 Position in Nucor Co. (NYSE:NUE)

RIA Advisory Group LLC purchased a new stake in Nucor Co. (NYSE:NUE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,784 shares of the basic materials company’s stock, valued at approximately $485,000.

A number of other large investors also recently bought and sold shares of NUE. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Nucor in the 3rd quarter valued at $25,000. Providence Capital Advisors LLC raised its stake in shares of Nucor by 15,470.4% in the 1st quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 4,177 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Nucor in the 1st quarter valued at $32,000. Valley National Advisers Inc. raised its stake in shares of Nucor by 716.7% in the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 172 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Nucor in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In other news, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total value of $609,092.15. Following the transaction, the insider now directly owns 24,873 shares of the company’s stock, valued at $4,817,153.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Nucor news, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total value of $609,092.15. Following the completion of the sale, the insider now directly owns 24,873 shares of the company’s stock, valued at $4,817,153.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Douglas J. Jellison sold 19,506 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total transaction of $3,772,655.46. Following the completion of the sale, the executive vice president now directly owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The disclosure for this sale can be found here. Insiders sold 38,151 shares of company stock valued at $7,308,683 in the last ninety days. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

NUE has been the topic of several analyst reports. UBS Group initiated coverage on shares of Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target on the stock. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price target on shares of Nucor from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $192.83.

Nucor Stock Up 0.3 %

NUE stock traded up $0.59 during mid-day trading on Friday, hitting $191.36. 1,622,438 shares of the company were exchanged, compared to its average volume of 1,378,817. The company has a market capitalization of $45.92 billion, a PE ratio of 10.62 and a beta of 1.61. The company has a current ratio of 3.57, a quick ratio of 2.35 and a debt-to-equity ratio of 0.30. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00. The firm has a fifty day simple moving average of $191.09 and a 200 day simple moving average of $173.32.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.33. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.64 billion. Nucor had a net margin of 13.03% and a return on equity of 21.42%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the business earned $4.89 EPS. On average, research analysts forecast that Nucor Co. will post 13.03 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s payout ratio is 12.01%.

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.