Integrated Advisors Network LLC Has $608,000 Holdings in Nucor Corporation (NYSE:NUE)

Integrated Advisors Network LLC increased its stake in Nucor Corporation (NYSE:NUE - Free Report) by 99.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,054 shares of the basic materials company's stock after acquiring an additional 2,525 shares during the quarter. Integrated Advisors Network LLC's holdings in Nucor were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Nucor during the fourth quarter valued at $25,000. Putney Financial Group LLC purchased a new position in Nucor in the fourth quarter valued at about $29,000. Fourth Dimension Wealth LLC purchased a new position in Nucor in the fourth quarter valued at about $41,000. Park Square Financial Group LLC purchased a new position in Nucor in the fourth quarter valued at about $48,000. Finally, Beacon Capital Management LLC grew its stake in Nucor by 29.1% in the fourth 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. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NUE has been the subject of a number of analyst reports. UBS Group reduced their price target on Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Morgan Stanley set a $164.00 price target on Nucor in a research report on Monday, March 24th. JPMorgan Chase & Co. reduced their price target on Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets raised Nucor from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $140.00 to $145.00 in a research report on Monday, June 2nd. Finally, Argus set a $155.00 price target on Nucor in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $157.22.

Nucor Stock Performance

Nucor stock traded up $0.61 during trading hours on Tuesday, hitting $122.28. The stock had a trading volume of 1,855,524 shares, compared to its average volume of 2,212,088. The company has a 50-day moving average of $115.51 and a two-hundred day moving average of $123.13. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.32. The company has a market cap of $28.22 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.67. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $170.52.

Nucor (NYSE:NUE - Get Free Report) last issued its 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 6.82% and a net margin of 4.40%. The company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period in the previous year, the company posted $3.46 earnings per share. The company's quarterly revenue was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Monday, June 30th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 1.80%. Nucor's dividend payout ratio (DPR) is presently 39.15%.

Insider Buying and Selling

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $120.19, for a total value of $4,115,065.22. Following the transaction, the chief executive officer now directly owns 162,993 shares in the company, valued at approximately $19,590,128.67. This trade represents a 17.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is owned by corporate insiders.

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.