M Holdings Securities Inc. Invests $328,000 in Nucor Co. (NYSE:NUE)

M Holdings Securities Inc. bought a new position in shares of Nucor Co. (NYSE:NUEGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,208 shares of the basic materials company’s stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Westside Investment Management Inc. bought a new stake in Nucor in the 4th quarter worth about $25,000. Riverview Trust Co bought a new stake in Nucor in the 1st quarter worth about $28,000. Capital Advisory Group Advisory Services LLC bought a new stake in Nucor in the 1st quarter worth about $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Nucor in the 1st quarter worth about $30,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Nucor in the 1st quarter worth about $32,000. 79.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Nucor from $146.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, June 14th. StockNews.com cut shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Citigroup boosted their target price on shares of Nucor to $145.00 in a research note on Tuesday, September 13th. Credit Suisse Group dropped their target price on shares of Nucor from $165.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group dropped their target price on shares of Nucor from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Nucor has a consensus rating of “Hold” and an average price target of $132.78.

Insiders Place Their Bets

In other Nucor news, EVP Kenneth Rex Query sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $141.64, for a total value of $708,200.00. Following the sale, the executive vice president now directly owns 76,100 shares in the company, valued at approximately $10,778,804. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Allen C. Behr sold 3,407 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $122.17, for a total value of $416,233.19. Following the transaction, the executive vice president now owns 64,087 shares of the company’s stock, valued at approximately $7,829,508.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth Rex Query sold 5,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $141.64, for a total transaction of $708,200.00. Following the completion of the transaction, the executive vice president now directly owns 76,100 shares in the company, valued at approximately $10,778,804. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

Nucor Stock Performance

Shares of NUE stock opened at $117.08 on Friday. The stock has a market capitalization of $30.65 billion, a P/E ratio of 3.59 and a beta of 1.39. The company has a current ratio of 2.62, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $130.80 and its 200 day moving average is $133.42. Nucor Co. has a 12 month low of $88.50 and a 12 month high of $187.90.

Nucor (NYSE:NUEGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The basic materials company reported $9.67 EPS for the quarter, beating analysts’ consensus estimates of $8.91 by $0.76. Nucor had a net margin of 21.03% and a return on equity of 57.78%. The company had revenue of $11.79 billion for the quarter, compared to analysts’ expectations of $11.59 billion. During the same period in the prior year, the company posted $5.04 EPS. Nucor’s revenue was up 34.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Nucor Co. will post 31.01 earnings per share for the current year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 29th. Nucor’s dividend payout ratio is presently 6.14%.

Nucor Company Profile

(Get Rating)

Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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