Global Financial Private Client LLC Has $74,000 Stock Holdings in Nucor Co. (NYSE:NUE)

Global Financial Private Client LLC reduced its holdings in shares of Nucor Co. (NYSE:NUE) by 90.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 637 shares of the basic materials company’s stock after selling 5,754 shares during the period. Global Financial Private Client LLC’s holdings in Nucor were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NUE. Ashton Thomas Securities LLC acquired a new stake in Nucor during the third quarter valued at approximately $26,000. Coastline Trust Co bought a new position in shares of Nucor during the 3rd quarter worth approximately $29,000. Brown Lisle Cummings Inc. acquired a new stake in Nucor in the 3rd quarter valued at $30,000. Salomon & Ludwin LLC grew 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 acquiring an additional 72 shares during the period. Finally, Versant Capital Management Inc raised its stake in Nucor by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

NUE opened at $121.73 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61. The stock has a market capitalization of $28.58 billion, a P/E ratio of 11.76 and a beta of 1.60. The company’s 50 day simple moving average is $135.85 and its 200-day simple moving average is $145.10. Nucor Co. has a one year low of $112.25 and a one year high of $203.00.

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

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.55 per share. This is a boost from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 1.81%. The ex-dividend date is Tuesday, December 31st. Nucor’s payout ratio is currently 21.26%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley cut their price objective on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. UBS Group reissued a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. The Goldman Sachs Group began coverage on shares of Nucor in a research note on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. BMO Capital Markets cut their target price on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. decreased their price target on Nucor from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $165.63.

Insider Buying and Selling at Nucor

In other Nucor news, CFO Stephen D. Laxton sold 4,712 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $169.53, for a total transaction of $798,825.36. Following the completion of the sale, the chief financial officer now owns 82,132 shares in the company, valued at approximately $13,923,837.96. The trade was a 5.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 in the company, valued at approximately $13,636,254.72. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,680 shares of company stock worth $4,773,724. Company insiders own 0.46% of the company’s stock.

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.