Nucor Co. (NYSE:NUE) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. trimmed its holdings in shares of Nucor Co. (NYSE:NUE) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,139 shares of the basic materials company’s stock after selling 169 shares during the period. Great Valley Advisor Group Inc.’s holdings in Nucor were worth $1,590,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new stake in shares of Nucor during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. boosted its position 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 buying an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its stake 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 valued at $38,000 after acquiring an additional 59 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Nucor during the third quarter worth about $40,000. Finally, Exchange Traded Concepts LLC raised its position in shares of 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 purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In other news, EVP Allen C. Behr sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Allen C. Behr sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the completion of the transaction, the executive vice president now owns 80,902 shares of the company’s stock, valued at $15,386,751.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total value of $3,772,655.46. Following the sale, the executive vice president now directly owns 120,738 shares in the company, valued at approximately $23,351,936.58. The disclosure for this sale can be found here. Insiders have sold a total of 32,651 shares of company stock worth $6,283,648 over the last 90 days. Insiders own 0.46% of the company’s stock.

Nucor Stock Up 2.0 %

NUE stock opened at $173.92 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.48. The firm has a market cap of $41.74 billion, a PE ratio of 10.23 and a beta of 1.65. Nucor Co. has a 12 month low of $129.79 and a 12 month high of $203.00. The firm has a 50 day simple moving average of $189.47 and a 200 day simple moving average of $174.86.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The firm had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.45 EPS. Equities research analysts forecast that Nucor Co. will post 12.55 earnings per share for the current fiscal 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. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, March 27th. Nucor’s dividend payout ratio is 12.71%.

Analyst Ratings Changes

Several analysts recently issued reports on NUE shares. UBS Group started coverage on shares of Nucor in a report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 price target on the stock. StockNews.com downgraded Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and upped their price target for the company from $180.00 to $240.00 in a research report on Wednesday, March 13th. JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Finally, BMO Capital Markets dropped their target price on shares of Nucor from $210.00 to $200.00 and set a “market perform” rating on the stock in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $193.14.

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.