Nucor Co. (NYSE:NUE) Shares Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC grew its position in Nucor Co. (NYSE:NUE) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,387 shares of the basic materials company’s stock after purchasing an additional 171 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Nucor were worth $764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Nucor by 3.7% in the 3rd quarter. Northern Trust Corp now owns 4,175,571 shares of the basic materials company’s stock valued at $652,851,000 after purchasing an additional 149,589 shares in the last quarter. Invesco Ltd. raised its stake in Nucor by 7.6% during the 3rd quarter. Invesco Ltd. now owns 2,262,832 shares of the basic materials company’s stock worth $353,794,000 after acquiring an additional 159,230 shares in the last quarter. Pacer Advisors Inc. raised its stake in Nucor by 13.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,070,960 shares of the basic materials company’s stock worth $360,430,000 after acquiring an additional 237,752 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Nucor by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,589 shares of the basic materials company’s stock worth $228,832,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Nucor by 2.1% during the 4th quarter. Nordea Investment Management AB now owns 1,094,177 shares of the basic materials company’s stock worth $190,376,000 after acquiring an additional 22,596 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Performance

Nucor stock traded up $3.40 during midday trading on Friday, hitting $173.92. 1,054,672 shares of the company’s stock were exchanged, compared to its average volume of 1,443,490. The stock has a market cap of $41.74 billion, a price-to-earnings ratio of 10.23 and a beta of 1.65. The firm’s 50 day simple moving average is $189.47 and its 200 day simple moving average is $174.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.48 and a current ratio of 4.02. Nucor Co. has a 12-month low of $129.79 and a 12-month high of $203.00.

Nucor (NYSE:NUE) last issued its earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.62 by ($0.16). The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Nucor had a net margin of 12.40% and a return on equity of 19.62%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.45 EPS. Equities research analysts predict that Nucor Co. will post 12.55 EPS for the current year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s payout ratio is 12.71%.

Insider Activity

In other news, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total value of $1,901,900.00. Following the sale, the executive vice president now owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Allen C. Behr sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total value of $1,901,900.00. Following the completion of the sale, the executive vice president now owns 80,902 shares in the company, valued at $15,386,751.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were 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 of the company’s stock, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Insiders have sold a total of 32,651 shares of company stock valued at $6,283,648 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. BMO Capital Markets cut 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 note on Wednesday, April 24th. UBS Group started coverage on shares of Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $193.14.

Nucor 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.