Nucor Co. (NYSE:NUE) Shares Sold by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC decreased its holdings in Nucor Co. (NYSE:NUE) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,120 shares of the basic materials company’s stock after selling 78 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Nucor were worth $222,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SVB Wealth LLC grew its position 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. EverSource Wealth Advisors LLC grew its holdings in Nucor by 6.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the basic materials company’s stock worth $151,000 after acquiring an additional 54 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Nucor by 0.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,191 shares of the basic materials company’s stock worth $1,252,000 after acquiring an additional 55 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in shares of Nucor by 36.6% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 59 shares during the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of Nucor by 54.1% in the 1st quarter. Fortitude Family Office LLC now owns 168 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com lowered Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Bank of America dropped their price target on Nucor from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, June 11th. BMO Capital Markets dropped their target price on shares of Nucor from $185.00 to $175.00 and set a “market perform” rating on the stock in a report on Monday, June 17th. Finally, Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $189.67.

Nucor Stock Performance

NYSE:NUE traded down $0.04 during mid-day trading on Thursday, hitting $156.42. The stock had a trading volume of 737,493 shares, compared to its average volume of 1,707,046. The company has a current ratio of 4.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $165.08 and a 200-day simple moving average of $177.51. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 9.20 and a beta of 1.57. Nucor Co. has a 52 week low of $140.07 and a 52 week high of $203.00.

Nucor (NYSE:NUE) last announced its quarterly earnings results 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). The firm had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.26 billion. Nucor had a net margin of 12.40% and a return on equity of 19.62%. Nucor’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.45 EPS. On average, research analysts expect that Nucor Co. will post 10.84 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, June 28th. Nucor’s dividend payout ratio (DPR) is 12.71%.

Nucor Company 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.