Personal CFO Solutions LLC Reduces Stock Position in Nucor Co. (NYSE:NUE)

Personal CFO Solutions LLC cut its stake in Nucor Co. (NYSE:NUE) by 55.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,813 shares of the basic materials company’s stock after selling 3,437 shares during the quarter. Personal CFO Solutions LLC’s holdings in Nucor were worth $328,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Widmann Financial Services Inc. grew its position in Nucor by 4.0% in the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock worth $271,000 after acquiring an additional 70 shares during the period. Citizens Financial Group Inc. RI grew its position in Nucor by 1.7% in the third quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock worth $696,000 after acquiring an additional 79 shares during the period. TCI Wealth Advisors Inc. grew its position in Nucor by 4.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock worth $252,000 after acquiring an additional 91 shares during the period. Jessup Wealth Management Inc grew its position in Nucor by 0.9% in the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock worth $1,229,000 after acquiring an additional 93 shares during the period. Finally, Redwood Investment Management LLC grew its position in Nucor by 1.0% in the third quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock worth $1,365,000 after acquiring an additional 94 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NUE. Jefferies Financial Group increased their price objective on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group began coverage on Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. Argus set a $155.00 price target on Nucor in a research report on Wednesday, March 5th. Finally, UBS Group restated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Nucor has a consensus rating of “Moderate Buy” and a consensus target price of $163.67.

Nucor Stock Down 5.3 %

Shares of NYSE NUE opened at $126.63 on Tuesday. The stock has a market cap of $29.19 billion, a P/E ratio of 15.06, a PEG ratio of 0.96 and a beta of 1.58. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a 12-month low of $112.25 and a 12-month high of $203.00. The business’s fifty day simple moving average is $128.56 and its 200-day simple moving average is $138.93.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company earned $3.16 EPS. As a group, equities analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, March 31st. Nucor’s payout ratio is currently 26.16%.

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.