Ariel Capital Advisors LLC Has $247,000 Stake in Nucor Co. (NUE)

Ariel Capital Advisors LLC Has $247,000 Stake in Nucor Co. (NUE)

Ariel Capital Advisors LLC continued to hold its position in shares of Nucor Co. (NYSE:NUE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,140 shares of the basic materials company’s stock at the end of the first quarter. Ariel Capital Advisors LLC’s holdings in Nucor were worth $247,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. KCM Investment Advisors LLC boosted its position in shares of Nucor by 0.5% in the third quarter. KCM Investment Advisors LLC now owns 5,205 shares of the basic materials company’s stock worth $257,000 after buying an additional 27 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Nucor by 1.8% in the first quarter. First Mercantile Trust Co. now owns 3,716 shares of the basic materials company’s stock worth $222,000 after buying an additional 66 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of Nucor by 3.5% in the third quarter. TCI Wealth Advisors Inc. now owns 2,070 shares of the basic materials company’s stock worth $102,000 after buying an additional 70 shares during the last quarter. Bank of The West boosted its position in shares of Nucor by 1.9% in the first quarter. Bank of The West now owns 4,403 shares of the basic materials company’s stock worth $263,000 after buying an additional 83 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. boosted its position in shares of Nucor by 0.6% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 15,606 shares of the basic materials company’s stock worth $932,000 after buying an additional 92 shares during the last quarter. 76.41% of the stock is owned by institutional investors.

Shares of Nucor Co. (NYSE:NUE) traded down 1.01% during mid-day trading on Friday, reaching $60.47. The company’s stock had a trading volume of 2,207,286 shares. The company has a 50-day moving average of $60.42 and a 200-day moving average of $59.63. Nucor Co. has a 12 month low of $44.81 and a 12 month high of $68.00. The firm has a market cap of $19.36 billion, a PE ratio of 18.20 and a beta of 1.45.

Nucor (NYSE:NUE) last announced its earnings results on Thursday, April 20th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.03. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Nucor had a net margin of 4.53% and a return on equity of 9.32%. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. On average, analysts predict that Nucor Co. will post $4.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 11th. Investors of record on Friday, March 31st will be issued a dividend of $0.3775 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.51 dividend on an annualized basis and a yield of 2.50%. Nucor’s dividend payout ratio (DPR) is currently 65.94%.

A number of research analysts recently issued reports on NUE shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $68.00 price target on shares of Nucor in a report on Monday, April 3rd. Barclays PLC reaffirmed a “buy” rating and issued a $73.00 price target on shares of Nucor in a report on Friday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price target (down from $77.00) on shares of Nucor in a report on Wednesday, April 19th. Zacks Investment Research cut Nucor from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Finally, Macquarie raised Nucor from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $62.00 in a report on Monday, April 24th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.21.

In related news, CFO James D. Frias sold 52,631 shares of Nucor stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $62.57, for a total transaction of $3,293,121.67. Following the sale, the chief financial officer now directly owns 174,037 shares in the company, valued at $10,889,495.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raymond S. Napolitan, Jr. sold 12,400 shares of Nucor stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $63.74, for a total value of $790,376.00. Following the sale, the insider now owns 73,885 shares in the company, valued at $4,709,429.90. The disclosure for this sale can be found here. Insiders have sold 80,263 shares of company stock worth $5,021,549 over the last quarter. 0.63% of the stock is currently owned by corporate insiders.

About Nucor

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

Want to see what other hedge funds are holding NUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nucor Co. (NYSE:NUE).

Related posts

Leave a Comment