Nucor Co. (NYSE:NUE) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in shares of Nucor Co. (NYSE:NUE) by 10.3% during the 1st quarter, HoldingsChannel reports. The firm owned 954 shares of the basic materials company’s stock after buying an additional 89 shares during the period. EverSource Wealth Advisors LLC’s holdings in Nucor were worth $189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new position in shares of Nucor during the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of Nucor during the 1st quarter valued at about $27,000. Chilton Capital Management LLC boosted its position in shares of Nucor by 94.2% during the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 65 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Nucor during the 1st quarter valued at about $28,000. Finally, Tompkins Financial Corp boosted its position in shares of Nucor by 208.0% during the 1st quarter. Tompkins Financial Corp now owns 154 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Trading Down 3.0 %

NYSE NUE traded down $4.73 during trading hours on Friday, reaching $151.05. The company had a trading volume of 2,176,026 shares, compared to its average volume of 1,597,931. The stock has a 50-day moving average of $159.10 and a 200 day moving average of $175.24. Nucor Co. has a 1-year low of $140.07 and a 1-year high of $203.00. The company has a current ratio of 2.93, a quick ratio of 1.85 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $36.22 billion, a P/E ratio of 8.89 and a beta of 1.57.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, July 22nd. The basic materials company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.37. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.69 billion. Nucor had a net margin of 10.45% and a return on equity of 15.69%. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.81 earnings per share. As a group, research analysts anticipate that Nucor Co. will post 10.57 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 1.43%. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Nucor from $180.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. BMO Capital Markets lowered their price target on shares of Nucor from $185.00 to $175.00 and set a “market perform” rating on the stock in a research report on Monday, June 17th. Jefferies Financial Group assumed coverage on shares of Nucor in a research report on Monday, May 20th. They set a “hold” rating and a $190.00 price target on the stock. StockNews.com cut shares of Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Bank of America decreased their target price on shares of Nucor from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $191.29.

Insiders Place Their Bets

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $160.00, for a total transaction of $1,379,840.00. Following the sale, the executive vice president now directly owns 99,049 shares in the company, valued at $15,847,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

About Nucor

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.