Paradiem LLC Boosts Stake in Nucor Co. (NYSE:NUE)

Paradiem LLC grew its stake in shares of Nucor Co. (NYSE:NUE) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,141 shares of the basic materials company’s stock after buying an additional 12,073 shares during the period. Nucor accounts for 2.1% of Paradiem LLC’s investment portfolio, making the stock its 19th biggest position. Paradiem LLC’s holdings in Nucor were worth $7,508,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in NUE. SVB Wealth LLC increased its position in Nucor by 1.5% during the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock worth $636,000 after purchasing an additional 54 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Nucor by 36.6% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of Nucor by 7.9% in the fourth quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock valued at $143,000 after buying an additional 60 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Nucor by 1.7% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock valued at $652,000 after buying an additional 68 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of Nucor by 3.5% during the third quarter. Alps Advisors Inc. now owns 2,066 shares of the basic materials company’s stock valued at $323,000 after buying an additional 69 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NUE has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a research note on Wednesday. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $240.00 in a report on Wednesday, March 13th. JPMorgan Chase & Co. cut their price objective on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group started coverage on shares of Nucor in a research report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 target price on the stock. Finally, StockNews.com lowered shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nucor has a consensus rating of “Hold” and a consensus price target of $193.14.

Nucor Stock Down 0.3 %

Shares of NUE stock traded down $0.46 on Friday, hitting $175.42. The stock had a trading volume of 1,253,895 shares, compared to its average volume of 1,285,448. The stock’s 50 day moving average is $190.62 and its 200-day moving average is $174.45. The firm has a market capitalization of $42.10 billion, a price-to-earnings ratio of 10.32 and a beta of 1.61. Nucor Co. has a 52-week low of $129.79 and a 52-week high of $203.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.35 and a current ratio of 4.02.

Nucor (NYSE:NUE) last released its quarterly 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 company had revenue of $8.14 billion for 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 firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.45 EPS. As a group, research analysts expect that Nucor Co. will post 12.5 earnings per share for the current year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.23%. Nucor’s dividend payout ratio (DPR) is 12.71%.

Insider Buying and Selling at Nucor

In other news, insider Michael D. Keller sold 3,145 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total transaction of $609,092.15. Following the sale, the insider now directly owns 24,873 shares in the company, valued at approximately $4,817,153.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nucor news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Allen C. Behr sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the completion of the sale, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. Insiders sold a total of 38,151 shares of company stock worth $7,308,683 over the last 90 days. Insiders own 0.46% of the company’s stock.

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.