Captrust Financial Advisors Increases Holdings in Nucor Co. (NYSE:NUE)

Captrust Financial Advisors boosted its position in Nucor Co. (NYSE:NUE - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 639,854 shares of the basic materials company's stock after acquiring an additional 10,312 shares during the quarter. Captrust Financial Advisors owned 0.27% of Nucor worth $74,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Nucor during the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new position in Nucor during the fourth quarter valued at approximately $29,000. New Wave Wealth Advisors LLC purchased a new position in shares of Nucor during the fourth quarter worth approximately $33,000. Versant Capital Management Inc lifted its holdings in shares of Nucor by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company's stock worth $35,000 after acquiring an additional 114 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its stake in shares of Nucor by 29.1% in the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company's stock.

Insider Buying and Selling at Nucor

In related news, CEO Leon J. Topalian sold 34,238 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $120.19, for a total value of $4,115,065.22. Following the completion of the transaction, the chief executive officer now directly owns 162,993 shares in the company, valued at $19,590,128.67. This trade represents a 17.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company's stock.

Analyst Ratings Changes

NUE has been the topic of a number of analyst reports. Morgan Stanley set a $164.00 target price on shares of Nucor in a research report on Monday, March 24th. Argus set a $155.00 target price on Nucor in a research note on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. StockNews.com cut shares of Nucor from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Finally, UBS Group upgraded shares of Nucor from a "neutral" rating to a "buy" rating and upped their price target for the company from $156.00 to $160.00 in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.33.

Nucor Trading Down 1.4 %

NYSE NUE traded down $1.68 during trading on Wednesday, hitting $115.17. The company had a trading volume of 2,928,853 shares, compared to its average volume of 2,087,357. The company's fifty day moving average is $119.70 and its 200-day moving average is $130.00. The company has a market cap of $26.55 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.96 and a beta of 1.73. 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 one year low of $97.59 and a one year high of $176.59.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). Nucor had a return on equity of 9.85% and a net margin of 6.60%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the company earned $3.46 earnings per share. Nucor's quarterly revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.91%. Nucor's dividend payout ratio (DPR) is 39.15%.

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.