Paradiem LLC Increases Stock Holdings in Nucor Co. (NYSE:NUE)

Paradiem LLC grew its holdings in shares of Nucor Co. (NYSE:NUE - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,141 shares of the basic materials company's stock after acquiring an additional 12,073 shares during the quarter. Nucor comprises 2.1% of Paradiem LLC's investment portfolio, making the stock its 19th largest position. Paradiem LLC's holdings in Nucor were worth $7,508,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Opinicus Capital Inc. purchased a new position in shares of Nucor during the 4th quarter valued at about $203,000. Unique Wealth Strategies LLC purchased a new position in shares of Nucor during the 4th quarter valued at about $745,000. Citizens Financial Group Inc. RI purchased a new position in shares of Nucor during the 4th quarter valued at about $226,000. Golden State Equity Partners purchased a new position in shares of Nucor during the 4th quarter valued at about $237,000. Finally, Bryn Mawr Capital Management LLC raised its holdings in shares of Nucor by 114.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 9,204 shares of the basic materials company's stock valued at $1,602,000 after buying an additional 4,904 shares in the last quarter. Institutional investors own 76.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets decreased their price objective on Nucor from $210.00 to $200.00 and set a "market perform" rating on the stock in a report on Wednesday. UBS Group began coverage on Nucor in a research note on Tuesday, January 16th. They issued a "buy" rating and a $210.00 price target on the stock. Citigroup raised Nucor from a "neutral" rating to a "buy" rating and lifted 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 Nucor from $195.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, StockNews.com cut Nucor from a "buy" rating to a "hold" rating in a research note on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $193.14.

Insider Activity

In other news, insider Michael D. Keller sold 3,145 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was 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 $4,817,153.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Michael D. Keller sold 3,145 shares of the company's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now directly owns 24,873 shares of the company's stock, valued at $4,817,153.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Allen C. Behr sold 10,000 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the completion of the sale, the executive vice president now directly owns 80,902 shares in the company, valued at $15,386,751.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,151 shares of company stock valued at $7,308,683. Company insiders own 0.46% of the company's stock.

Nucor Trading Down 0.3 %

Shares of NUE traded down $0.46 during mid-day trading on Friday, hitting $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 quick ratio of 2.35, a current ratio of 4.02 and a debt-to-equity ratio of 0.31. Nucor Co. has a 1 year low of $129.79 and a 1 year high of $203.00. The firm has a market capitalization of $42.10 billion, a P/E ratio of 10.32 and a beta of 1.61. The business's 50-day moving average price is $190.62 and its 200-day moving average price is $174.59.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The business had revenue of $8.14 billion for the quarter, compared to analysts' expectations of $8.26 billion. During the same period last year, the firm posted $4.45 earnings per share. Nucor's quarterly revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that Nucor Co. will post 12.5 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 annualized dividend 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.