Nucor Co. (NYSE:NUE) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lowered its position in Nucor Co. (NYSE:NUE) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,984 shares of the basic materials company’s stock after selling 75 shares during the quarter. Larson Financial Group LLC’s holdings in Nucor were worth $519,000 at the end of the most recent reporting period.

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

Nucor Stock Down 8.9 %

NUE stock opened at $174.64 on Wednesday. The company’s 50 day moving average price is $191.20 and its 200 day moving average price is $174.18. The firm has a market capitalization of $41.91 billion, a price-to-earnings ratio of 10.27 and a beta of 1.61. Nucor Co. has a fifty-two week low of $129.79 and a fifty-two week high of $203.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.35 and a current ratio of 3.57.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.67%. The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the company posted $4.45 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Nucor Co. will post 12.93 EPS for the current fiscal year.

Nucor Announces Dividend

The firm 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 $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Analyst Ratings Changes

Several analysts recently weighed in on NUE shares. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $180.00 to $240.00 in a report on Wednesday, March 13th. StockNews.com downgraded Nucor from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group began coverage on Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Nucor from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Nucor presently has a consensus rating of “Hold” and an average target price of $192.83.

Insider Buying and Selling at Nucor

In related news, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was 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 approximately $4,817,153.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the transaction, 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 have sold a total of 38,151 shares of company stock worth $7,308,683 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

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.