Polianta Ltd Grows Stock Position in Nucor Co. (NYSE:NUE)

Polianta Ltd lifted its holdings in Nucor Co. (NYSE:NUEFree Report) by 8.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,100 shares of the basic materials company’s stock after purchasing an additional 500 shares during the period. Nucor comprises approximately 0.6% of Polianta Ltd’s holdings, making the stock its 29th biggest position. Polianta Ltd’s holdings in Nucor were worth $1,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SVB Wealth LLC boosted its stake in shares of Nucor by 1.5% during the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock worth $636,000 after acquiring an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Nucor by 6.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 865 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 54 shares during the period. Kestra Private Wealth Services LLC increased its position in Nucor by 0.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 7,191 shares of the basic materials company’s stock worth $1,252,000 after buying an additional 55 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Nucor by 36.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after buying an additional 59 shares during the period. Finally, Center for Financial Planning Inc. lifted its position in shares of Nucor by 7.9% during the 4th quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company’s stock valued at $143,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NUE stock traded up $1.17 during trading hours on Thursday, hitting $156.80. The stock had a trading volume of 1,262,154 shares, compared to its average volume of 1,428,875. The stock’s 50-day moving average price is $170.94 and its two-hundred day moving average price is $178.06. Nucor Co. has a one year low of $140.07 and a one year high of $203.00. The stock has a market capitalization of $37.59 billion, a price-to-earnings ratio of 9.22 and a beta of 1.60. 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 (NYSE:NUEGet Free Report) last released its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). Nucor had a return on equity of 19.62% and a net margin of 12.40%. The firm had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the firm earned $4.45 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Equities analysts forecast that Nucor Co. will post 11.27 EPS for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.38%. Nucor’s payout ratio is currently 12.71%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NUE. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. Jefferies Financial Group initiated coverage on shares of Nucor in a research note on Monday, May 20th. They issued a “hold” rating and a $190.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Nucor from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 11th. BMO Capital Markets cut their price target on Nucor from $185.00 to $175.00 and set a “market perform” rating for the company in a research note on Monday. Finally, StockNews.com cut 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 assigned a buy rating to the company. According to data from MarketBeat, Nucor has an average rating of “Hold” and a consensus price target of $188.38.

View Our Latest Analysis on NUE

Nucor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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