Allworth Financial LP Has $159,000 Stock Holdings in Nucor Co. (NYSE:NUE)

Allworth Financial LP increased its stake in shares of Nucor Co. (NYSE:NUE) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 914 shares of the basic materials company’s stock after buying an additional 112 shares during the period. Allworth Financial LP’s holdings in Nucor were worth $159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NUE. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Nucor in the third quarter worth about $25,000. Providence Capital Advisors LLC raised its position in 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 worth $27,000 after purchasing an additional 4,177 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Nucor in the 1st quarter worth approximately $32,000. VisionPoint Advisory Group LLC acquired a new position in Nucor during the 2nd quarter worth $39,000. Finally, OFI Invest Asset Management bought a new position in Nucor in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. UBS Group assumed coverage on Nucor in a report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective for the company. Finally, StockNews.com raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $186.67.

Insider Activity at Nucor

In other Nucor news, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction dated 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 transaction, the executive vice president now directly owns 120,738 shares in the company, valued at $23,351,936.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Nucor news, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction that occurred 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 transaction, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Keller sold 3,145 shares of the company’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 transaction of $609,092.15. Following the completion of the transaction, the insider now owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Insiders sold a total of 38,151 shares of company stock worth $7,308,683 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

Nucor Trading Down 0.5 %

NYSE:NUE opened at $197.26 on Friday. 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 1-year low of $129.79 and a 1-year high of $203.00. The firm has a market capitalization of $47.34 billion, a price-to-earnings ratio of 10.96 and a beta of 1.61. The business’s 50-day moving average price is $190.20 and its two-hundred day moving average price is $172.02.

Nucor (NYSE:NUE) last released 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. Nucor had a net margin of 13.03% and a return on equity of 21.42%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the firm earned $4.89 EPS. Nucor’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities analysts expect that Nucor Co. will post 13 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio is currently 12.01%.

About Nucor

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.