RFG Advisory LLC Has $444,000 Stake in Nucor Co. (NYSE:NUE)

RFG Advisory LLC trimmed its stake in shares of Nucor Co. (NYSE:NUE) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,553 shares of the basic materials company’s stock after selling 282 shares during the period. RFG Advisory LLC’s holdings in Nucor were worth $444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Nucor during the third quarter worth $25,000. Providence Capital Advisors LLC raised its holdings in shares of Nucor by 15,470.4% during the first quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 4,177 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Nucor during the first quarter worth $32,000. Valley National Advisers Inc. raised its holdings in shares of Nucor by 716.7% during the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 172 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Nucor during the second quarter worth $39,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kenneth Rex Query sold 5,500 shares of Nucor stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $186.37, for a total transaction of $1,025,035.00. Following the completion of the sale, the executive vice president now owns 85,326 shares of the company’s stock, valued at approximately $15,902,206.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Kenneth Rex Query sold 5,500 shares of Nucor stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $186.37, for a total transaction of $1,025,035.00. Following the completion of the sale, the executive vice president now owns 85,326 shares of the company’s stock, valued at approximately $15,902,206.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction dated Tuesday, March 19th. The stock was 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 of the company’s stock, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,151 shares of company stock valued at $7,308,683. Company insiders own 0.46% of the company’s stock.

Nucor Stock Performance

Shares of NUE opened at $194.53 on Friday. The firm has a 50-day moving average of $190.42 and a 200-day moving average of $172.29. Nucor Co. has a one year low of $129.79 and a one year high of $203.00. The company has a market cap of $46.68 billion, a PE ratio of 10.81 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.57 and a quick ratio of 2.35.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. Nucor had a net margin of 13.03% and a return on equity of 21.42%. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter last year, the firm posted $4.89 EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities analysts forecast that Nucor Co. will post 13 earnings per share for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s payout ratio is 12.01%.

Analyst Ratings Changes

A number of research firms recently weighed in on NUE. UBS Group began coverage on shares of Nucor in a research report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 target price for the company. StockNews.com raised shares of Nucor from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $240.00 in a research report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.67.

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.