Syon Capital LLC Grows Stock Holdings in Nucor Co. (NYSE:NUE)

Syon Capital LLC increased its position in Nucor Co. (NYSE:NUE) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,919 shares of the basic materials company’s stock after purchasing an additional 155 shares during the quarter. Syon Capital LLC’s holdings in Nucor were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new position in shares of Nucor in the fourth quarter valued at $25,000. Valley National Advisers Inc. grew 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 valued at $34,000 after purchasing an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Nucor by 36.6% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after buying an additional 59 shares during the period. OFI Invest Asset Management acquired a new position in shares of Nucor during the third quarter worth approximately $40,000. Finally, Exchange Traded Concepts LLC lifted its position in Nucor by 2,410.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 241 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nucor

In other Nucor news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now directly owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Douglas J. Jellison sold 19,506 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the transaction, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the 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 completion of the transaction, the insider now directly owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Insiders sold 38,151 shares of company stock worth $7,308,683 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Nucor Trading Down 0.3 %

Shares of NYSE:NUE opened at $175.42 on Friday. The stock has a market capitalization of $42.10 billion, a PE ratio of 10.32 and a beta of 1.61. Nucor Co. has a 1 year low of $129.79 and a 1 year high of $203.00. The firm has a fifty day moving average price of $190.62 and a 200 day moving average price of $174.45. The company has a current ratio of 4.02, a quick ratio of 2.35 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The firm had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the company earned $4.45 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. Analysts expect that Nucor Co. will post 12.5 EPS for the current fiscal year.

Nucor Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group assumed coverage on Nucor in a research report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 target price for the company. BMO Capital Markets cut 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. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $240.00 in a research note on Wednesday, March 13th. 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. Finally, StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Nucor currently has an average rating of “Hold” and a consensus price target of $193.14.

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.