Nucor Co. (NYSE:NUE) Stock Holdings Trimmed by Imprint Wealth LLC

Imprint Wealth LLC lowered its holdings in shares of Nucor Co. (NYSE:NUE) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,039 shares of the basic materials company’s stock after selling 519 shares during the period. Imprint Wealth LLC’s holdings in Nucor were worth $356,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. SVB Wealth LLC raised its stake in shares of Nucor by 1.5% in the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock worth $636,000 after buying an additional 54 shares in the last quarter. Waldron Private Wealth LLC raised its stake in shares of Nucor by 2.5% in the 4th quarter. Waldron Private Wealth LLC now owns 3,018 shares of the basic materials company’s stock worth $525,000 after buying an additional 73 shares in the last quarter. Strs Ohio raised its position in shares of Nucor by 211.8% during the fourth quarter. Strs Ohio now owns 101,091 shares of the basic materials company’s stock worth $17,593,000 after purchasing an additional 68,668 shares during the period. Freedom Day Solutions LLC raised its position in shares of Nucor by 3.1% during the fourth quarter. Freedom Day Solutions LLC now owns 8,447 shares of the basic materials company’s stock worth $1,470,000 after purchasing an additional 253 shares during the period. Finally, Center for Financial Planning Inc. raised its position in shares of Nucor by 7.9% during the fourth quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock worth $143,000 after purchasing an additional 60 shares during the period. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Down 0.6 %

Shares of NUE stock traded down $1.24 on Tuesday, reaching $192.77. 333,465 shares of the company’s stock traded hands, compared to its average volume of 1,371,781. The business’s 50 day moving average price is $190.66 and its two-hundred day moving average price is $172.81. 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 Co. has a 12-month low of $129.79 and a 12-month high of $203.00. The company has a market capitalization of $46.26 billion, a P/E ratio of 10.55 and a beta of 1.61.

Nucor (NYSE:NUE) last issued its earnings results 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 return on equity of 21.42% and a net margin of 13.03%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the previous year, the company posted $4.89 earnings per share. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities analysts forecast that Nucor Co. will post 13 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 paid a $0.54 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.12%. Nucor’s dividend payout ratio (DPR) is currently 12.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NUE shares. JPMorgan Chase & Co. boosted their target price on Nucor from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Tuesday. Citigroup raised 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 started coverage on Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price on the stock. Finally, StockNews.com upgraded Nucor from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and an average price target of $192.83.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 5,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $186.37, for a total value of $1,025,035.00. Following the transaction, the executive vice president now owns 85,326 shares in the company, valued at $15,902,206.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nucor news, EVP Kenneth Rex Query sold 5,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $186.37, for a total value 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 $15,902,206.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 38,151 shares of company stock worth $7,308,683 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

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.