Atria Wealth Solutions Inc. Raises Stock Holdings in Nucor Co. (NYSE:NUE)

Atria Wealth Solutions Inc. increased its stake in shares of Nucor Co. (NYSE:NUEFree Report) by 12.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,688 shares of the basic materials company’s stock after acquiring an additional 1,289 shares during the period. Atria Wealth Solutions Inc.’s holdings in Nucor were worth $1,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Nucor during the third quarter worth about $25,000. Providence Capital Advisors LLC grew its holdings in Nucor by 15,470.4% during the first quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 4,177 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Nucor during the first quarter worth approximately $32,000. VisionPoint Advisory Group LLC purchased a new position in Nucor during the second quarter worth approximately $39,000. Finally, OFI Invest Asset Management purchased a new position in Nucor during the third quarter worth approximately $40,000. 77.76% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Performance

NYSE NUE opened at $186.54 on Friday. The company has a market cap of $45.86 billion, a PE ratio of 10.37 and a beta of 1.61. The stock’s 50 day simple moving average is $173.81 and its 200-day simple moving average is $164.53. Nucor Co. has a 1-year low of $129.79 and a 1-year high of $190.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.57 and a quick ratio of 2.35.

Nucor (NYSE:NUEGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The basic materials company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the firm earned $4.89 earnings per share. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Nucor Co. will post 12.53 EPS for the current fiscal year.

Nucor Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Thursday, December 28th. This is a boost from Nucor’s previous quarterly dividend of $0.51. Nucor’s dividend payout ratio (DPR) is currently 12.01%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NUE. JPMorgan Chase & Co. increased their price target on Nucor from $151.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 12th. Morgan Stanley lowered their price target on Nucor from $162.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 31st. UBS Group initiated coverage on Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price target on the stock. Finally, StockNews.com upgraded Nucor from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $174.43.

Check Out Our Latest Research Report on NUE

Insider Activity at Nucor

In related news, Director Nicholas C. Gangestad purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of $176.61 per share, with a total value of $176,610.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $176,610. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Nucor news, Director Nicholas C. Gangestad bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of $176.61 per share, with a total value of $176,610.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at $176,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory J. Murphy sold 9,800 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $177.05, for a total value of $1,735,090.00. Following the sale, the executive vice president now directly owns 58,418 shares of the company’s stock, valued at approximately $10,342,906.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,330 shares of company stock valued at $13,672,548. 0.46% of the stock is currently owned by insiders.

Nucor Company Profile

(Free Report)

Nucor Corporation engages in manufacture and sale of 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 engineered special bar quality products.

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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