Kingswood Wealth Advisors LLC Invests $539,000 in Nucor Co. (NYSE:NUE)

Kingswood Wealth Advisors LLC acquired a new stake in Nucor Co. (NYSE:NUE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,096 shares of the basic materials company’s stock, valued at approximately $539,000.

A number of other hedge funds also recently added to or reduced their stakes in NUE. Guardian Wealth Advisors LLC NC increased its holdings in Nucor by 2.8% during the second quarter. Guardian Wealth Advisors LLC NC now owns 2,313 shares of the basic materials company’s stock valued at $381,000 after buying an additional 64 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Nucor by 1.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,168 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 68 shares during the period. Global Assets Advisory LLC raised its position in shares of Nucor by 3.3% in the 3rd quarter. Global Assets Advisory LLC now owns 2,168 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 69 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Nucor by 3.5% during the 3rd quarter. Alps Advisors Inc. now owns 2,066 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 69 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in Nucor by 2.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,645 shares of the basic materials company’s stock valued at $480,000 after purchasing an additional 71 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Nucor from $151.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, December 12th. StockNews.com lowered shares of Nucor from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. UBS Group began coverage on shares of Nucor in a research note on Tuesday, January 16th. They issued a “buy” rating and a $210.00 target price for the company. Finally, Citigroup raised Nucor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $180.00 to $240.00 in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $186.67.

Nucor Stock Up 2.6 %

NYSE:NUE opened at $198.56 on Thursday. The company has a current ratio of 3.57, a quick ratio of 2.35 and a debt-to-equity ratio of 0.30. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $198.63. The company has a market cap of $47.65 billion, a PE ratio of 11.04 and a beta of 1.61. The company’s 50 day moving average is $184.52 and its two-hundred day moving average is $168.75.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, January 29th. The basic materials company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the previous year, the firm posted $4.89 EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. Analysts anticipate that Nucor Co. will post 14.03 EPS for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 1.09%. Nucor’s dividend payout ratio is presently 12.01%.

Insider Buying and Selling at Nucor

In other Nucor news, insider Michael D. Keller sold 3,145 shares of Nucor stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $193.67, for a total transaction of $609,092.15. Following the completion of the transaction, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Michael D. Keller sold 3,145 shares of the firm’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 owns 24,873 shares in the company, valued at $4,817,153.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kenneth Rex Query sold 5,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $186.37, for a total transaction of $1,025,035.00. Following the completion of the transaction, the executive vice president now owns 85,326 shares of the company’s stock, valued at approximately $15,902,206.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,151 shares of company stock valued at $7,308,683. 0.46% of the stock is owned by insiders.

Nucor Company 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.