Kinloch Capital LLC Increases Holdings in Nucor Co. (NYSE:NUE)

Kinloch Capital LLC increased its stake in shares of Nucor Co. (NYSE:NUE) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,423 shares of the basic materials company’s stock after buying an additional 505 shares during the period. Kinloch Capital LLC’s holdings in Nucor were worth $1,917,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Nucor in the fourth quarter worth $25,000. Crews Bank & Trust bought a new position in Nucor in the 4th quarter worth about $29,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Nucor in the 4th quarter valued at about $33,000. Beacon Capital Management LLC raised its holdings in shares of 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 acquiring an additional 94 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Nucor during the 4th quarter valued at about $50,000. Institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the completion of the sale, the chief executive officer now owns 162,993 shares of the company’s stock, valued at $19,590,128.67. This represents a 17.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NUE. JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $156.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. StockNews.com cut shares of Nucor from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. The Goldman Sachs Group decreased their price target on shares of Nucor from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Morgan Stanley set a $164.00 price objective on shares of Nucor in a report on Monday, March 24th. Finally, Jefferies Financial Group upped their target price 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $160.33.

Nucor Trading Down 0.4%

Shares of NUE opened at $115.72 on Tuesday. Nucor Co. has a fifty-two week low of $97.59 and a fifty-two week high of $173.00. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.96 and a beta of 1.73. The firm has a 50 day moving average price of $117.38 and a 200-day moving average price of $128.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51.

Nucor (NYSE:NUE) last issued its earnings results on Monday, April 28th. The basic materials company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.15). Nucor had a return on equity of 9.85% and a net margin of 6.60%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the business earned $3.46 EPS. Nucor’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

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.