Orion Portfolio Solutions LLC Has $2.18 Million Position in Nucor Co. (NYSE:NUE)

Orion Portfolio Solutions LLC decreased its holdings in Nucor Co. (NYSE:NUE) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,648 shares of the basic materials company’s stock after selling 799 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Nucor were worth $2,176,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crews Bank & Trust acquired a new position in Nucor in the fourth quarter worth about $29,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Nucor during the 4th quarter worth about $33,000. Versant Capital Management Inc lifted its holdings in Nucor by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 114 shares during the last quarter. Beacon Capital Management LLC boosted its position in Nucor by 29.1% in the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock valued at $49,000 after buying an additional 94 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in Nucor during the fourth quarter worth about $50,000. 76.48% of the stock is owned by institutional investors.

Nucor Stock Performance

Shares of NYSE:NUE opened at $119.68 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.00. The stock has a market capitalization of $27.59 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.96 and a beta of 1.58. The business has a 50-day moving average price of $130.79 and a two-hundred day moving average price of $136.96.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the prior year, the business earned $3.16 earnings per share. Equities analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.84%. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley set a $164.00 target price on shares of Nucor in a research note on Monday, March 24th. Argus set a $155.00 price objective on Nucor in a research report on Wednesday, March 5th. UBS Group raised Nucor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $156.00 to $160.00 in a research note on Monday, March 24th. Citigroup lowered their target price on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Jefferies Financial Group upped their price target on shares of Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $164.44.

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.