Lindbrook Capital LLC Has $211,000 Position in Nucor Co. (NYSE:NUE)

Lindbrook Capital LLC raised its stake in Nucor Co. (NYSE:NUE) by 31.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,213 shares of the basic materials company’s stock after purchasing an additional 287 shares during the quarter. Lindbrook Capital LLC’s holdings in Nucor were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. raised its holdings in shares of Nucor by 716.7% during the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 172 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Nucor by 36.6% during 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 in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Nucor by 2,410.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock valued at $44,000 after buying an additional 241 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Nucor in the 3rd quarter valued at approximately $40,000. Finally, Sound Income Strategies LLC increased its holdings in Nucor by 815.2% in the fourth quarter. Sound Income Strategies LLC now owns 302 shares of the basic materials company’s stock worth $53,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Activity

In related news, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the completion of the sale, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now directly owns 24,873 shares in the company, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,151 shares of company stock valued at $7,308,683. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on NUE shares. StockNews.com upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. UBS Group started coverage on shares of Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price on the stock. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. boosted their target price on Nucor from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.83.

Nucor Price Performance

NYSE NUE opened at $191.74 on Tuesday. The stock has a market capitalization of $46.01 billion, a PE ratio of 10.66 and a beta of 1.61. The stock has a 50-day simple moving average of $191.30 and a 200 day simple moving average of $174.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.35 and a current ratio of 3.57. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.60 by ($0.14). Nucor had a net margin of 13.03% and a return on equity of 21.42%. The business had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the company posted $4.45 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Research analysts anticipate that Nucor Co. will post 12.93 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 1.13%. Nucor’s payout ratio is 12.01%.

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.