Mather Group LLC. Purchases 238 Shares of Nucor Co. (NYSE:NUE)

Mather Group LLC. boosted its position in Nucor Co. (NYSE:NUE) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,980 shares of the basic materials company’s stock after purchasing an additional 238 shares during the quarter. Mather Group LLC.’s holdings in Nucor were worth $1,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp increased its stake in shares of Nucor by 3.7% in the 3rd quarter. Northern Trust Corp now owns 4,175,571 shares of the basic materials company’s stock worth $652,851,000 after acquiring an additional 149,589 shares in the last quarter. Invesco Ltd. grew its holdings in Nucor by 7.6% in the third quarter. Invesco Ltd. now owns 2,262,832 shares of the basic materials company’s stock worth $353,794,000 after purchasing an additional 159,230 shares during the period. Pacer Advisors Inc. increased its stake in shares of Nucor by 13.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,070,960 shares of the basic materials company’s stock valued at $360,430,000 after purchasing an additional 237,752 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nucor by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,589 shares of the basic materials company’s stock valued at $228,832,000 after purchasing an additional 11,541 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Nucor by 2.1% in the 4th quarter. Nordea Investment Management AB now owns 1,094,177 shares of the basic materials company’s stock worth $190,376,000 after purchasing an additional 22,596 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

Shares of NYSE NUE opened at $168.53 on Wednesday. The firm’s 50-day moving average price is $190.11 and its 200-day moving average price is $174.94. Nucor Co. has a 52-week low of $129.79 and a 52-week high of $203.00. The company has a market cap of $40.44 billion, a PE ratio of 9.91 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 issued its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The company had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the company earned $4.45 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, analysts anticipate that Nucor Co. will post 12.5 EPS for the current year.

Nucor Dividend Announcement

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 issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s payout ratio is currently 12.71%.

Analyst Ratings Changes

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

Insider Activity at Nucor

In other Nucor news, EVP Douglas J. Jellison sold 19,506 shares of the firm’s stock in a transaction dated 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 directly owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Nucor news, EVP Douglas J. Jellison sold 19,506 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were 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 directly owns 120,738 shares in the company, valued at $23,351,936.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Keller sold 3,145 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 24,873 shares of the company’s stock, valued at approximately $4,817,153.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,151 shares of company stock worth $7,308,683. 0.64% of the stock is owned by insiders.

Nucor 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.