Bank OZK Has $1.47 Million Stock Position in Nucor Co. (NYSE:NUE)

Bank OZK reduced its stake in Nucor Co. (NYSE:NUE) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,426 shares of the basic materials company’s stock after selling 110 shares during the period. Bank OZK’s holdings in Nucor were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SVB Wealth LLC increased its holdings in shares of Nucor by 1.5% during the fourth 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. Householder Group Estate & Retirement Specialist LLC increased its holdings 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 worth $38,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. increased its holdings 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 buying an additional 60 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Nucor by 1.7% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock worth $652,000 after buying an additional 68 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Nucor by 3.5% during the third quarter. Alps Advisors Inc. now owns 2,066 shares of the basic materials company’s stock worth $323,000 after buying an additional 69 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at approximately $15,386,751.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Kenneth Rex Query sold 5,500 shares of the business’s 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 transaction, the executive vice president now directly owns 85,326 shares in the company, valued at approximately $15,902,206.62. 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 business’s 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 transaction, the executive vice president now owns 80,902 shares in the company, valued at $15,386,751.38. The disclosure for this sale can be found here. Insiders have sold 38,151 shares of company stock valued at $7,308,683 in the last three months. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $240.00 in a report on Wednesday, March 13th. UBS Group initiated coverage on shares of Nucor in a report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 price target for the company. Finally, BMO Capital Markets reduced their price target on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $193.14.

Nucor Stock Down 0.3 %

NUE traded down $0.46 during trading on Friday, hitting $175.42. The company had a trading volume of 1,253,895 shares, compared to its average volume of 1,285,448. The company has a market capitalization of $42.10 billion, a PE ratio of 10.32 and a beta of 1.61. Nucor Co. has a one year low of $129.79 and a one year high of $203.00. The firm’s 50-day moving average price is $190.62 and its 200 day moving average price is $174.32. The company has a quick ratio of 2.35, a current ratio of 4.02 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The company had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the firm posted $4.45 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts expect that Nucor Co. will post 12.82 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 1.23%. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

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.