U.S. Capital Wealth Advisors LLC Sells 485 Shares of Nucor Co. (NYSE:NUE)

U.S. Capital Wealth Advisors LLC reduced its holdings in shares of Nucor Co. (NYSE:NUE) by 14.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,897 shares of the basic materials company’s stock after selling 485 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Nucor were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new position in shares of Nucor during the third quarter valued at about $26,000. Coastline Trust Co bought a new stake in shares of Nucor during the third quarter valued at approximately $29,000. Brown Lisle Cummings Inc. bought a new position in Nucor in the third quarter worth $30,000. Salomon & Ludwin LLC lifted its position in Nucor by 45.6% during the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after buying an additional 72 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Nucor during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Stock Down 0.0 %

Shares of NYSE NUE opened at $133.17 on Friday. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The company has a market cap of $31.27 billion, a P/E ratio of 15.83 and a beta of 1.60. The firm has a 50-day simple moving average of $127.13 and a two-hundred day simple moving average of $141.53.

Nucor (NYSE:NUE) last issued its earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter last year, the firm earned $3.16 EPS. Research analysts anticipate that Nucor Co. will post 7.88 earnings per share for the current year.

Nucor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.65%. This is a positive change from Nucor’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nucor’s payout ratio is presently 26.16%.

Insider Buying and Selling

In related news, EVP Allen C. Behr sold 4,968 shares of the company’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 transaction, the executive vice president now directly owns 85,376 shares of the company’s stock, valued at $13,636,254.72. This represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NUE shares. Jefferies Financial Group raised their target price on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Morgan Stanley lowered their price objective on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group restated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. The Goldman Sachs Group started coverage on shares of Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. Finally, StockNews.com cut Nucor from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and an average 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.