1,034 Shares in Nucor Co. (NYSE:NUE) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC purchased a new stake in shares of Nucor Co. (NYSE:NUE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,034 shares of the basic materials company’s stock, valued at approximately $121,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Nucor in the 3rd quarter worth $26,000. Coastline Trust Co purchased a new position in shares of Nucor in the third quarter worth about $29,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Nucor during the third quarter worth about $30,000. Salomon & Ludwin LLC boosted its position in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after buying an additional 72 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Nucor in the 4th quarter worth approximately $29,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NUE has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley cut their price target on Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group began coverage on Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 target price on the stock. Finally, UBS Group reissued a “neutral” rating and issued a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

Insiders Place Their Bets

In other news, CEO Leon J. Topalian sold 11,000 shares of Nucor stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $169.11, for a total value of $1,860,210.00. Following the sale, the chief executive officer now directly owns 172,136 shares of the company’s stock, valued at $29,109,918.96. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Allen C. Behr sold 4,968 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $159.72, for a total value of $793,488.96. Following the completion of the transaction, the executive vice president now directly owns 85,376 shares of the company’s stock, valued at approximately $13,636,254.72. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,680 shares of company stock worth $3,452,524. Corporate insiders own 0.46% of the company’s stock.

Nucor Trading Down 0.2 %

Shares of NUE stock opened at $128.39 on Monday. Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.00. The company has a market cap of $30.15 billion, a price-to-earnings ratio of 15.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $128.47 and a 200-day simple moving average of $142.21.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the previous year, the firm earned $3.16 earnings per share. On average, equities research analysts expect that Nucor Co. will post 7.76 EPS for the current fiscal year.

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.71%. This is a boost from Nucor’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nucor’s payout ratio is presently 26.16%.

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.