Kingswood Wealth Advisors LLC Sells 1,039 Shares of Nucor Co. (NYSE:NUE)

Kingswood Wealth Advisors LLC lowered its position in Nucor Co. (NYSE:NUE) by 23.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,327 shares of the basic materials company’s stock after selling 1,039 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Nucor were worth $388,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NUE. Ashton Thomas Securities LLC bought a new position in shares of Nucor in the third quarter worth $26,000. Coastline Trust Co bought a new position in Nucor in the third quarter valued at $29,000. Brown Lisle Cummings Inc. bought a new position in Nucor in the third quarter valued at $30,000. Salomon & Ludwin LLC increased its stake in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 72 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Nucor by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In other Nucor news, CEO Leon J. Topalian sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total value of $1,860,210.00. Following the completion of the sale, the chief executive officer now directly owns 172,136 shares in the company, valued at $29,109,918.96. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Allen C. Behr sold 4,968 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $159.72, for a total transaction of $793,488.96. Following the completion of the sale, the executive vice president now owns 85,376 shares of the company’s stock, valued at $13,636,254.72. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,680 shares of company stock valued at $3,452,524 over the last ninety days. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NUE shares. Morgan Stanley reduced their target price on Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup reduced their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. The Goldman Sachs Group assumed coverage on Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price on the stock. Finally, UBS Group reaffirmed a “neutral” rating and set a $156.00 price objective (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

Nucor Stock Up 1.4 %

NYSE NUE opened at $128.69 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61. The stock has a market capitalization of $30.22 billion, a PE ratio of 12.43 and a beta of 1.60. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The business’s 50-day moving average is $129.36 and its 200 day moving average is $142.72.

Nucor (NYSE:NUE) last posted its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 12.06% and a net margin of 8.05%. During the same period in the previous year, the firm earned $3.16 EPS. Sell-side analysts forecast that Nucor Co. will post 8.18 earnings per share for the current year.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be paid a $0.55 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 1.71%. Nucor’s dividend payout ratio (DPR) is presently 21.26%.

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.