Unique Wealth Strategies LLC Invests $745,000 in Nucor Co. (NYSE:NUE)

Unique Wealth Strategies LLC acquired a new position in shares of Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,278 shares of the basic materials company's stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC boosted its stake in shares of Nucor by 1.5% during the fourth quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company's stock valued at $636,000 after acquiring an additional 54 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of Nucor by 36.6% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company's stock worth $38,000 after purchasing an additional 59 shares during the last quarter. Center for Financial Planning Inc. boosted its stake in shares of Nucor by 7.9% during the 4th quarter. Center for Financial Planning Inc. now owns 822 shares of the basic materials company's stock worth $143,000 after purchasing an additional 60 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Nucor by 1.7% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company's stock worth $652,000 after purchasing an additional 68 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of Nucor by 3.5% during the 3rd quarter. Alps Advisors Inc. now owns 2,066 shares of the basic materials company's stock worth $323,000 after purchasing an additional 69 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Nucor from a "buy" rating to a "hold" rating in a research note on Tuesday. Citigroup raised shares of Nucor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of Nucor from $195.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of Nucor from $210.00 to $200.00 and set a "market perform" rating on the stock in a research note on Wednesday. Finally, UBS Group started coverage on shares of Nucor in a research report on Tuesday, January 16th. They issued a "buy" rating and a $210.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Nucor currently has an average rating of "Hold" and a consensus price target of $193.14.

Insider Buying and Selling

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

Nucor Trading Down 0.3 %

NUE stock traded down $0.46 during midday trading on Friday, reaching $175.42. 1,253,895 shares of the company's stock traded hands, compared to its average volume of 1,285,448. The company has a market capitalization of $42.10 billion, a P/E ratio of 10.32 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.02 and a quick ratio of 2.35. Nucor Co. has a fifty-two week low of $129.79 and a fifty-two week high of $203.00. The business has a 50-day moving average price of $190.62 and a two-hundred day moving average price of $174.45.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.62 by ($0.16). The business had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.26 billion. Nucor had a net margin of 12.40% and a return on equity of 19.62%. The company's quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $4.45 earnings per share. Equities research analysts forecast that Nucor Co. will post 12.82 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.23%. Nucor's dividend payout ratio (DPR) is presently 12.71%.

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.