WealthPLAN Partners LLC Sells 415 Shares of Nucor Co. (NYSE:NUE)

WealthPLAN Partners LLC decreased its holdings in Nucor Co. (NYSE:NUE) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,873 shares of the basic materials company’s stock after selling 415 shares during the quarter. WealthPLAN Partners LLC’s holdings in Nucor were worth $3,020,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Nucor by 2.9% during the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock worth $1,724,117,000 after buying an additional 326,181 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Nucor by 1.3% during the third quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock worth $883,732,000 after purchasing an additional 74,569 shares during the period. Pacer Advisors Inc. increased its stake in Nucor by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after purchasing an additional 571,682 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Nucor by 25.6% in the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after buying an additional 358,721 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Nucor by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,612,216 shares of the basic materials company’s stock valued at $242,381,000 after buying an additional 45,467 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Nucor Trading Up 1.6 %

Nucor stock opened at $137.75 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The stock has a 50-day simple moving average of $124.99 and a 200 day simple moving average of $140.62. The stock has a market capitalization of $32.34 billion, a P/E ratio of 16.38 and a beta of 1.60. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period in the previous year, the business earned $3.16 earnings per share. Analysts expect that Nucor Co. will post 7.88 earnings per share for the current year.

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st were given a $0.55 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 1.60%. Nucor’s dividend payout ratio is presently 26.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NUE shares. StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Citigroup lowered their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group assumed coverage on shares of Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.13.

Nucor 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.