Sigma Planning Corp Sells 180 Shares of Nucor Co. (NYSE:NUE)

Sigma Planning Corp lowered its holdings in shares of Nucor Co. (NYSE:NUE) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,121 shares of the basic materials company’s stock after selling 180 shares during the quarter. Sigma Planning Corp’s holdings in Nucor were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of NUE. Mizuho Securities USA LLC raised its holdings in 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 valued at $239,819,000 after buying an additional 1,576,695 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Nucor by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock valued at $519,648,000 after acquiring an additional 571,682 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Nucor in the 3rd quarter valued at approximately $74,829,000. Nordea Investment Management AB lifted its holdings in 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 worth $205,282,000 after purchasing an additional 358,721 shares during the last quarter. Finally, State Street Corp boosted its position 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 worth $1,724,117,000 after purchasing an additional 326,181 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Down 0.1 %

NUE stock opened at $136.01 on Wednesday. The business’s 50-day simple moving average is $125.74 and its 200 day simple moving average is $139.65. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The company has a market cap of $31.94 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the previous year, the firm earned $3.16 EPS. On average, research analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio is 26.16%.

Analysts Set New Price Targets

A number of research firms have recently commented on NUE. UBS Group reissued a “neutral” rating and issued a $156.00 price target (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Citigroup dropped their target price 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. JPMorgan Chase & Co. decreased their price target on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley decreased their target price on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Four 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.13.

Nucor Company 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.