Transcend Capital Advisors LLC Sells 165 Shares of Nucor Co. (NYSE:NUE)

Transcend Capital Advisors LLC trimmed its holdings in Nucor Co. (NYSE:NUE) by 10.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,419 shares of the basic materials company’s stock after selling 165 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Nucor were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new stake in shares of Nucor in the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. lifted its position in Nucor by 716.7% in the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 172 shares during the period. Householder Group Estate & Retirement Specialist LLC lifted its position in Nucor by 36.6% in the fourth 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 period. OFI Invest Asset Management bought a new position in Nucor in the third quarter worth $40,000. Finally, Exchange Traded Concepts LLC lifted its position in Nucor by 2,410.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 241 shares during the period. 76.48% of the stock is owned by institutional investors.

Nucor Stock Performance

Shares of NYSE:NUE opened at $168.53 on Wednesday. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00. The firm has a market cap of $40.44 billion, a PE ratio of 9.91 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.48 and a current ratio of 4.02. The business has a fifty day moving average of $190.11 and a 200-day moving average of $174.94.

Nucor (NYSE:NUE) last announced its 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). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The business had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same quarter last year, the business posted $4.45 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts predict 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 $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 1.28%. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

Analyst Upgrades and Downgrades

NUE has been the subject of several research reports. StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. reduced their target price on Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. BMO Capital Markets reduced their target price on Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Finally, UBS Group assumed coverage on Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $193.14.

Insider Activity

In other news, EVP Kenneth Rex Query sold 5,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $186.37, for a total value of $1,025,035.00. Following the completion of the sale, the executive vice president now directly owns 85,326 shares in the company, valued at $15,902,206.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the sale, the executive vice president now directly owns 120,738 shares in the company, valued at $23,351,936.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth Rex Query sold 5,500 shares of Nucor stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $186.37, for a total value of $1,025,035.00. Following the completion of the sale, the executive vice president now owns 85,326 shares of the company’s stock, valued at $15,902,206.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,151 shares of company stock worth $7,308,683. 0.64% 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.