12,274 Shares in Nucor Co. (NYSE:NUE) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new position in shares of Nucor Co. (NYSE:NUE – Get Rating) in the 4th quarter, Holdings Channel.com reports. The fund bought 12,274 shares of the basic materials company’s stock, valued at approximately $1,618,000.

Several other institutional investors and hedge funds have also made changes to their positions in NUE. FMR LLC boosted its position in shares of Nucor by 12.5% during the 2nd quarter. FMR LLC now owns 7,935,947 shares of the basic materials company’s stock worth $828,592,000 after acquiring an additional 878,821 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Nucor by 34.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,729,945 shares of the basic materials company’s stock worth $180,625,000 after acquiring an additional 446,034 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Nucor by 97.8% during the 1st quarter. First Trust Advisors LP now owns 820,706 shares of the basic materials company’s stock worth $121,998,000 after acquiring an additional 405,815 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Nucor by 268.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 482,427 shares of the basic materials company’s stock worth $50,370,000 after acquiring an additional 351,316 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Nucor by 113.6% during the 3rd quarter. Captrust Financial Advisors now owns 567,084 shares of the basic materials company’s stock worth $60,672,000 after acquiring an additional 301,535 shares in the last quarter. 78.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Nucor from $113.00 to $122.00 and gave the company an “equal weight” rating in a report on Monday, January 30th. StockNews.com assumed coverage on Nucor in a report on Thursday. They issued a “hold” rating for the company. UBS Group boosted their target price on Nucor from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 6th. The Goldman Sachs Group boosted their target price on Nucor from $144.00 to $161.00 and gave the company a “neutral” rating in a report on Friday, March 10th. Finally, BMO Capital Markets boosted their target price on Nucor from $155.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, January 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $153.44.

Nucor Stock Down 0.9 %

NUE opened at $144.12 on Friday. The business has a 50 day moving average price of $162.85 and a two-hundred day moving average price of $143.07. The company has a quick ratio of 2.13, a current ratio of 3.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $36.31 billion, a PE ratio of 5.02 and a beta of 1.59. Nucor Co. has a 52 week low of $100.13 and a 52 week high of $187.90.

Nucor (NYSE:NUE – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The basic materials company reported $4.89 EPS for the quarter, beating the consensus estimate of $4.18 by $0.71. The firm had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.54 billion. Nucor had a return on equity of 42.03% and a net margin of 18.33%. The firm’s revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $7.97 EPS. As a group, research analysts anticipate that Nucor Co. will post 14.35 EPS for the current year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 11th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, March 30th. Nucor’s dividend payout ratio (DPR) is 7.10%.

Insider Transactions at Nucor

In other news, CEO Leon J. Topalian sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $134.71, for a total transaction of $404,130.00. Following the completion of the transaction, the chief executive officer now directly owns 126,809 shares of the company’s stock, valued at approximately $17,082,440.39. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Leon J. Topalian sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $134.71, for a total transaction of $404,130.00. Following the completion of the transaction, the chief executive officer now directly owns 126,809 shares of the company’s stock, valued at approximately $17,082,440.39. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kenneth Rex Query sold 1,962 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $177.99, for a total value of $349,216.38. Following the transaction, the executive vice president now directly owns 74,138 shares of the company’s stock, valued at $13,195,822.62. The disclosure for this sale can be found here. In the last three months, insiders sold 12,575 shares of company stock valued at $2,034,130. Corporate insiders own 0.46% of the company’s stock.

Nucor Profile

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Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor’s equity method investments.