Crestwood Advisors Group LLC Has $297,000 Stake in Nucor Co. (NYSE:NUE)

Crestwood Advisors Group LLC boosted its stake in Nucor Co. (NYSE:NUE) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,546 shares of the basic materials company’s stock after buying an additional 154 shares during the period. Crestwood Advisors Group LLC’s holdings in Nucor were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NUE. Private Advisor Group LLC increased its holdings in Nucor by 5.1% in the third quarter. Private Advisor Group LLC now owns 18,349 shares of the basic materials company’s stock valued at $2,759,000 after purchasing an additional 888 shares during the period. Assenagon Asset Management S.A. grew its holdings in Nucor by 16.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 24,436 shares of the basic materials company’s stock worth $3,674,000 after acquiring an additional 3,491 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Nucor by 18.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,555 shares of the basic materials company’s stock worth $2,936,000 after acquiring an additional 3,093 shares during the period. Arkadios Wealth Advisors grew its holdings in Nucor by 11.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,912 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 310 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Nucor by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 61,023 shares of the basic materials company’s stock worth $9,174,000 after acquiring an additional 257 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on NUE shares. The Goldman Sachs Group started coverage on Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Morgan Stanley decreased their price target on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. UBS Group reiterated 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. Finally, Jefferies Financial Group increased their price target on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.13.

Nucor Stock Performance

Shares of NUE opened at $136.01 on Wednesday. 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 stock has a 50-day moving average of $125.74 and a 200-day moving average of $139.65. The company has a market cap of $31.94 billion, a PE ratio of 16.17, a P/E/G ratio of 0.96 and a beta of 1.60. Nucor Co. has a one year low of $112.25 and a one year high of $203.00.

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

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be given a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.62%. Nucor’s payout ratio is 26.16%.

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.