Nucor Co. (NYSE:NUE) Shares Acquired by Modera Wealth Management LLC

Modera Wealth Management LLC raised its stake in shares of Nucor Co. (NYSE:NUE) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,979 shares of the basic materials company’s stock after purchasing an additional 242 shares during the quarter. Modera Wealth Management LLC’s holdings in Nucor were worth $1,165,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of Nucor by 2.9% in the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock worth $1,724,117,000 after buying an additional 326,181 shares during the period. Geode Capital Management LLC increased its stake in Nucor by 1.3% during the third quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock worth $883,732,000 after acquiring an additional 74,569 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Nucor by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after purchasing an additional 571,682 shares during the period. Nordea Investment Management AB lifted its stake in shares of Nucor by 25.6% in the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after purchasing an additional 358,721 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Nucor by 6.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,679,176 shares of the basic materials company’s stock worth $195,977,000 after purchasing an additional 104,238 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NYSE NUE opened at $133.94 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The business has a 50 day moving average price of $127.21 and a two-hundred day moving average price of $139.44. The firm has a market cap of $31.45 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (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 last year, the firm earned $3.16 earnings per share. Sell-side analysts expect that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

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 1.64%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio is currently 26.16%.

Analyst Ratings Changes

Several research firms recently commented on NUE. 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. Morgan Stanley reduced their target price on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Jefferies Financial Group boosted their price objective on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Four 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.13.

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.