Farther Finance Advisors LLC Sells 135 Shares of Nucor Co. (NYSE:NUE)

Farther Finance Advisors LLC decreased its position in Nucor Co. (NYSE:NUE) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,874 shares of the basic materials company’s stock after selling 135 shares during the quarter. Farther Finance Advisors LLC’s holdings in Nucor were worth $219,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust bought a new position in Nucor in the 4th quarter worth about $29,000. New Wave Wealth Advisors LLC bought a new position in Nucor during the 4th quarter valued at about $33,000. Versant Capital Management Inc lifted its stake in Nucor by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 114 shares during the period. Beacon Capital Management LLC lifted its stake in Nucor by 29.1% during the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 94 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in Nucor during the 4th quarter valued at about $53,000. Institutional investors own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

NUE has been the topic of several research analyst reports. Jefferies Financial Group upped their target price on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group initiated coverage on shares of Nucor in a research note on Monday, December 2nd. They set a “buy” rating and a $190.00 target price on the stock. Argus set a $155.00 target price on shares of Nucor in a research note on Wednesday, March 5th. Citigroup lowered their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley upped their price target on shares of Nucor from $154.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Nucor Price Performance

NYSE NUE opened at $131.11 on Thursday. The company has a 50-day moving average price of $130.36 and a 200-day moving average price of $138.07. The firm has a market capitalization of $30.22 billion, a P/E ratio of 15.59, a PEG ratio of 0.96 and a beta of 1.58. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same period last year, the business posted $3.16 earnings per share. Equities research analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio is 26.16%.

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.