Atlas Capital Advisors Inc. Has $184,000 Stake in Nucor Co. (NYSE:NUE)

Atlas Capital Advisors Inc. lessened its holdings in Nucor Co. (NYSE:NUE) by 28.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,574 shares of the basic materials company’s stock after selling 625 shares during the period. Atlas Capital Advisors Inc.’s holdings in Nucor were worth $184,000 at the end of the most recent quarter.

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

Nucor Stock Performance

Shares of NUE opened at $103.14 on Friday. Nucor Co. has a 1 year low of $99.77 and a 1 year high of $203.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The stock’s fifty day moving average price is $130.19 and its two-hundred day moving average price is $136.40. The firm has a market cap of $23.78 billion, a PE ratio of 12.26, a PEG ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUE) last announced 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 company posted $3.16 EPS. On average, equities research analysts forecast that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NUE. Citigroup lowered their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Morgan Stanley set a $164.00 price objective on shares of Nucor in a research note on Monday, March 24th. JPMorgan Chase & Co. boosted their target price on Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, UBS Group upgraded Nucor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $156.00 to $160.00 in a report on Monday, March 24th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.