U.S. Capital Wealth Advisors LLC Has $683,000 Holdings in Nucor Co. (NYSE:NUE)

U.S. Capital Wealth Advisors LLC boosted its position in Nucor Co. (NYSE:NUE) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,925 shares of the basic materials company’s stock after purchasing an additional 271 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Nucor were worth $683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NUE. Criterion Capital Advisors LLC bought a new position in Nucor during the 4th quarter worth $25,000. Valley National Advisers Inc. increased its holdings in 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 buying an additional 172 shares during the period. Householder Group Estate & Retirement Specialist LLC raised its position in shares of Nucor by 36.6% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock valued at $38,000 after buying an additional 59 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Nucor by 2,410.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 241 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Nucor during the 3rd quarter worth approximately $40,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nucor

In other Nucor news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the sale, the insider now owns 24,873 shares of the company’s stock, valued at $4,817,153.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Douglas J. Jellison sold 19,506 shares of Nucor 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 sale, the executive vice president now owns 120,738 shares in the company, valued at approximately $23,351,936.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the transaction, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,651 shares of company stock valued at $6,283,648. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NUE has been the subject of several recent analyst reports. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. UBS Group began coverage on Nucor in a research note on Tuesday, January 16th. They issued a “buy” rating and a $210.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. BMO Capital Markets dropped their target price on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Finally, StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Nucor presently has an average rating of “Hold” and an average target price of $193.14.

Nucor Trading Down 1.7 %

NUE opened at $171.02 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.48. Nucor Co. has a fifty-two week low of $129.79 and a fifty-two week high of $203.00. The company’s 50 day moving average price is $188.74 and its two-hundred day moving average price is $175.62. The firm has a market capitalization of $41.04 billion, a price-to-earnings ratio of 10.06 and a beta of 1.65.

Nucor (NYSE:NUE) last announced its earnings results on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.62 by ($0.16). Nucor had a return on equity of 19.62% and a net margin of 12.40%. The company had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, research analysts predict that Nucor Co. will post 12.55 earnings per share for the current year.

Nucor Dividend Announcement

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 given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio is presently 12.71%.

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.