ORG Wealth Partners LLC Trims Stock Holdings in Nucor Co. (NYSE:NUE)

ORG Wealth Partners LLC lowered its holdings in shares of Nucor Co. (NYSE:NUE) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 853 shares of the basic materials company’s stock after selling 255 shares during the quarter. ORG Wealth Partners LLC’s holdings in Nucor were worth $100,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NUE. Mizuho Securities USA LLC grew its position in shares of Nucor by 8,530.1% during the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock worth $239,819,000 after purchasing an additional 1,576,695 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Nucor by 29.7% during the second quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the basic materials company’s stock worth $456,030,000 after purchasing an additional 660,866 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Nucor during the third quarter worth about $74,829,000. Nordea Investment Management AB boosted its stake in Nucor by 25.6% during the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after buying an additional 358,721 shares during the last quarter. Finally, State Street Corp boosted its stake in Nucor by 2.9% during the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock valued at $1,724,117,000 after buying an additional 326,181 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NUE shares. Morgan Stanley dropped their price target on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group dropped their price target on Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a research note on Monday, January 6th. BMO Capital Markets dropped their price target on Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, September 18th. Citigroup dropped their price target on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their price target on Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.63.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 4,968 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $159.72, for a total transaction of $793,488.96. Following the transaction, the executive vice president now directly owns 85,376 shares in the company, valued at $13,636,254.72. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen D. Laxton sold 4,712 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $169.53, for a total value of $798,825.36. Following the transaction, the chief financial officer now owns 82,132 shares in the company, valued at $13,923,837.96. The trade was a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,680 shares of company stock valued at $4,773,724. Insiders own 0.46% of the company’s stock.

Nucor Price Performance

NYSE:NUE opened at $118.62 on Friday. The firm has a market capitalization of $27.85 billion, a price-to-earnings ratio of 11.46 and a beta of 1.60. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The business has a 50 day simple moving average of $136.70 and a 200-day simple moving average of $145.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.09. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.28 billion. During the same period last year, the company earned $4.57 EPS. Nucor’s quarterly revenue was down 15.2% compared to the same quarter last year. Equities analysts forecast that Nucor Co. will post 8.48 EPS for the current year.

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.55 per share. This is a positive change from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Tuesday, December 31st. Nucor’s dividend payout ratio (DPR) is currently 21.26%.

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.