Savant Capital LLC Purchases 476 Shares of Nucor Co. (NYSE:NUE)

Savant Capital LLC raised its position in Nucor Co. (NYSE:NUE) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,077 shares of the basic materials company’s stock after purchasing an additional 476 shares during the period. Savant Capital LLC’s holdings in Nucor were worth $1,754,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Criterion Capital Advisors LLC bought a new position in Nucor in the 4th quarter valued at $25,000. Valley National Advisers Inc. lifted its holdings in shares of Nucor by 716.7% during the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 172 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Nucor by 36.6% during the 4th 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 during the last quarter. OFI Invest Asset Management bought a new stake in shares of Nucor during the 3rd quarter worth $40,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Nucor by 2,410.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 251 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 241 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Nucor in a report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective for the company. Citigroup raised shares of Nucor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. BMO Capital Markets lowered 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 note on Wednesday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Nucor from $195.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Nucor presently has a consensus rating of “Hold” and a consensus price target of $193.14.

Insiders Place Their Bets

In other Nucor news, insider Michael D. Keller sold 3,145 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were 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 in the company, valued at $4,817,153.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $609,092.15. Following the transaction, the insider now owns 24,873 shares in the company, valued at $4,817,153.91. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Douglas J. Jellison sold 19,506 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $193.41, for a total transaction of $3,772,655.46. Following the completion of the transaction, the executive vice president now owns 120,738 shares in the company, valued at approximately $23,351,936.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,651 shares of company stock worth $6,283,648. 0.46% of the stock is currently owned by company insiders.

Nucor Stock Performance

Shares of NYSE:NUE opened at $170.54 on Friday. The company has a market cap of $40.93 billion, a price-to-earnings ratio of 10.03 and a beta of 1.65. The company has a 50-day moving average price of $189.47 and a 200-day moving average price of $174.86. The company has a current ratio of 4.02, a quick ratio of 2.48 and a debt-to-equity ratio of 0.31. Nucor Co. has a 12 month low of $129.79 and a 12 month high of $203.00.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The firm had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same period last year, the company posted $4.45 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Nucor Co. will post 12.55 EPS for the current year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 27th. Nucor’s dividend payout ratio (DPR) is presently 12.71%.

About Nucor

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.