Nucor Co. (NYSE:NUE) Stock Holdings Boosted by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its stake in shares of Nucor Co. (NYSE:NUE) by 34.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,344 shares of the basic materials company’s stock after buying an additional 1,642 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Nucor were worth $741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Glen Eagle Advisors LLC lifted its holdings in shares of Nucor by 10.7% in the fourth quarter. Glen Eagle Advisors LLC now owns 2,580 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 250 shares in the last quarter. Kinloch Capital LLC increased its position in Nucor by 3.2% during the fourth quarter. Kinloch Capital LLC now owns 16,423 shares of the basic materials company’s stock worth $1,917,000 after buying an additional 505 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Nucor during the fourth quarter worth $18,108,000. Worldquant Millennium Advisors LLC acquired a new position in Nucor during the fourth quarter worth $8,125,000. Finally, Waverly Advisors LLC increased its position in Nucor by 0.6% during the fourth quarter. Waverly Advisors LLC now owns 65,765 shares of the basic materials company’s stock worth $7,675,000 after buying an additional 363 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

NUE has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Nucor from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. UBS Group raised Nucor from a “neutral” rating to a “buy” rating and raised their price target for the company from $156.00 to $160.00 in a research report on Monday, March 24th. JPMorgan Chase & Co. lowered their price target on Nucor from $156.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley set a $164.00 price target on Nucor in a research report on Monday, March 24th. Finally, Argus set a $155.00 price target on Nucor in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.33.

Nucor Stock Down 2.1%

NUE stock opened at $108.35 on Friday. Nucor Co. has a twelve month low of $97.59 and a twelve month high of $173.00. The company has a market cap of $25.00 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.73. The business’s 50-day simple moving average is $115.87 and its 200 day simple moving average is $127.53. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last released its earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share 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 firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the business earned $3.46 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Leon J. Topalian sold 34,238 shares of Nucor stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the sale, the chief executive officer now directly owns 162,993 shares of the company’s stock, valued at $19,590,128.67. This trade represents a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by company 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.