Transamerica Financial Advisors Inc. Has $68,000 Stock Position in Nucor Co. (NYSE:NUE)

Transamerica Financial Advisors Inc. increased its position in Nucor Co. (NYSE:NUE) by 1,597.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 577 shares of the basic materials company’s stock after buying an additional 543 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Nucor were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC increased its stake in Nucor by 52.6% during the 3rd quarter. Cerity Partners LLC now owns 19,985 shares of the basic materials company’s stock valued at $3,005,000 after purchasing an additional 6,885 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of Nucor by 5.8% during the third quarter. Townsquare Capital LLC now owns 4,622 shares of the basic materials company’s stock valued at $695,000 after buying an additional 255 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Nucor by 5.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,478,917 shares of the basic materials company’s stock worth $222,340,000 after acquiring an additional 80,757 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Nucor by 9.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,000 shares of the basic materials company’s stock worth $1,503,000 after acquiring an additional 900 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Nucor in the 3rd quarter valued at about $840,000. 76.48% of the stock is owned by institutional investors.

Nucor Stock Performance

Shares of NUE stock opened at $121.90 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The firm has a market cap of $28.10 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.96 and a beta of 1.58. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00. The firm’s 50-day simple moving average is $130.98 and its two-hundred day simple moving average is $137.27.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS 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 period in the previous year, the firm posted $3.16 EPS. As a group, equities analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is currently 26.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NUE shares. Morgan Stanley set a $164.00 price objective on Nucor in a research note on Monday, March 24th. UBS Group raised Nucor from a “neutral” rating to a “buy” rating and increased their price target for the company from $156.00 to $160.00 in a research report on Monday, March 24th. The Goldman Sachs Group initiated coverage on shares of Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. Jefferies Financial Group increased their target price on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Finally, Citigroup cut their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.44.

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.