13,831 Shares in Nucor Co. (NYSE:NUE) Acquired by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. bought a new stake in shares of Nucor Co. (NYSE:NUE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,831 shares of the basic materials company's stock, valued at approximately $2,407,000. Nucor makes up approximately 2.5% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 19th largest holding.

Other institutional investors also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Nucor in the third quarter valued at about $25,000. Valley National Advisers Inc. grew its position in shares of Nucor by 716.7% in the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 172 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Nucor in the first quarter valued at about $32,000. Exchange Traded Concepts LLC grew its position in Nucor by 2,410.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company's stock worth $44,000 after buying an additional 241 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Nucor during the third quarter worth about $40,000. 76.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nucor news, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now owns 24,873 shares of the company's stock, valued at approximately $4,817,153.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Nucor news, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now owns 24,873 shares of the company's stock, valued at approximately $4,817,153.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Allen C. Behr sold 10,000 shares of Nucor stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total transaction of $1,901,900.00. Following the sale, the executive vice president now directly owns 80,902 shares of the company's stock, valued at approximately $15,386,751.38. The disclosure for this sale can be found here. Insiders sold 38,151 shares of company stock worth $7,308,683 in the last quarter. Insiders own 0.46% of the company's stock.

Analyst Ratings Changes

NUE has been the topic of a number of recent research reports. StockNews.com raised Nucor from a "hold" rating to a "buy" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on Nucor from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Tuesday. UBS Group initiated coverage on Nucor in a research report on Tuesday, January 16th. They set a "buy" rating and a $210.00 target price on the stock. Finally, Citigroup raised Nucor from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.83.

Nucor Price Performance

Shares of NYSE:NUE traded up $0.59 during trading on Friday, reaching $191.36. The stock had a trading volume of 1,622,631 shares, compared to its average volume of 1,378,825. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.57 and a quick ratio of 2.35. The business's 50-day moving average price is $191.19 and its 200 day moving average price is $173.57. Nucor Co. has a 52 week low of $129.79 and a 52 week high of $203.00. The stock has a market capitalization of $45.92 billion, a PE ratio of 10.64 and a beta of 1.61.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.33. Nucor had a net margin of 13.03% and a return on equity of 21.42%. The firm had revenue of $7.70 billion during the quarter, compared to analysts' expectations of $7.64 billion. During the same quarter in the previous year, the company posted $4.89 EPS. Nucor's revenue was down 11.7% on a year-over-year basis. As a group, equities analysts predict that Nucor Co. will post 13.03 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, March 27th. Nucor's dividend payout ratio (DPR) is presently 12.01%.

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.