Intellectus Partners LLC Sells 183 Shares of Nucor Co. (NYSE:NUE)

Intellectus Partners LLC decreased its position in Nucor Co. (NYSE:NUE) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 4,754 shares of the basic materials company’s stock after selling 183 shares during the quarter. Intellectus Partners LLC’s holdings in Nucor were worth $830,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Criterion Capital Advisors LLC acquired a new position in Nucor during the fourth quarter worth $25,000. Valley National Advisers Inc. increased its position in shares of Nucor by 716.7% in the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its holdings in Nucor by 36.6% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 59 shares in the last quarter. OFI Invest Asset Management acquired a new position in Nucor during the third quarter valued at approximately $40,000. Finally, Exchange Traded Concepts LLC grew its stake in Nucor by 2,410.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

Shares of Nucor stock opened at $175.42 on Monday. The company has a 50-day simple moving average of $190.62 and a two-hundred day simple moving average of $174.59. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $203.00. The stock has a market capitalization of $42.10 billion, a price-to-earnings ratio of 10.32 and a beta of 1.61. The company has a quick ratio of 2.48, a current ratio of 4.02 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). The company had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. Nucor had a return on equity of 19.62% and a net margin of 12.40%. Nucor’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business earned $4.45 EPS. Analysts forecast that Nucor Co. will post 12.5 EPS for the current year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 1.23%. Nucor’s dividend payout ratio is 12.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NUE shares. StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $240.00 in a research note on Wednesday, March 13th. UBS Group assumed coverage on Nucor in a research note on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price for the company. BMO Capital Markets cut their price target on Nucor from $210.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $193.14.

Insiders Place Their Bets

In other news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the sale, the insider now owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Douglas J. Jellison sold 19,506 shares of Nucor stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total value of $3,772,655.46. Following the transaction, the executive vice president now owns 120,738 shares in the company, valued at approximately $23,351,936.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now owns 24,873 shares of the company’s stock, valued at $4,817,153.91. The disclosure for this sale can be found here. Insiders have sold 38,151 shares of company stock worth $7,308,683 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

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.