RWA Wealth Partners LLC Takes Position in Nucor Co. (NYSE:NUE)

RWA Wealth Partners LLC bought a new stake in shares of Nucor Co. (NYSE:NUE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,303 shares of the basic materials company’s stock, valued at approximately $227,000.

Other institutional investors have also recently made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new stake in Nucor in the 4th quarter valued at $25,000. Valley National Advisers Inc. grew its stake in Nucor by 716.7% in the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 172 shares during the period. Householder Group Estate & Retirement Specialist LLC grew its stake in 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 valued at $38,000 after acquiring an additional 59 shares during the period. OFI Invest Asset Management acquired a new stake in Nucor in the 3rd quarter valued at $40,000. Finally, Exchange Traded Concepts LLC grew its stake in Nucor by 2,410.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 241 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Trading Down 0.3 %

Shares of NUE stock opened at $175.36 on Friday. The company’s 50-day moving average price is $190.62 and its 200-day moving average price is $174.32. The company has a current ratio of 4.02, a quick ratio of 2.35 and a debt-to-equity ratio of 0.31. The stock has a market cap of $42.08 billion, a price-to-earnings ratio of 10.32 and a beta of 1.61. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.62 by ($0.16). The firm had revenue of $8.14 billion for 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%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.45 EPS. As a group, equities analysts predict that Nucor Co. will post 12.82 earnings per share for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 1.23%. Nucor’s dividend payout ratio (DPR) is currently 12.71%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NUE shares. JPMorgan Chase & Co. dropped their price target on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group started coverage on shares of Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price on the stock. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. StockNews.com cut shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets lowered their target price on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $193.14.

Insider Activity at Nucor

In related news, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Nucor news, EVP Kenneth Rex Query sold 5,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $186.37, for a total transaction of $1,025,035.00. Following the sale, the executive vice president now directly owns 85,326 shares in the company, valued at $15,902,206.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $193.67, for a total transaction of $609,092.15. Following the sale, the insider now owns 24,873 shares in the company, valued at $4,817,153.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,151 shares of company stock worth $7,308,683. 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.