Horizon Advisory Services Inc. Acquires 153 Shares of Nucor Co. (NYSE:NUE)

Horizon Advisory Services Inc. increased its holdings in Nucor Co. (NYSE:NUE) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,850 shares of the basic materials company’s stock after acquiring an additional 153 shares during the quarter. Horizon Advisory Services Inc.’s holdings in Nucor were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in shares of Nucor by 6.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,679,176 shares of the basic materials company’s stock worth $195,977,000 after acquiring an additional 104,238 shares in the last quarter. Blackhawk Capital Partners LLC. increased its stake in shares of Nucor by 19.8% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 4,406 shares of the basic materials company’s stock worth $514,000 after acquiring an additional 727 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of Nucor by 70.9% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 32,529 shares of the basic materials company’s stock worth $3,803,000 after acquiring an additional 13,492 shares in the last quarter. Rothschild Investment LLC increased its stake in Nucor by 4.4% during the 4th quarter. Rothschild Investment LLC now owns 39,439 shares of the basic materials company’s stock valued at $4,603,000 after purchasing an additional 1,661 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Nucor by 6.4% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,546 shares of the basic materials company’s stock valued at $297,000 after purchasing an additional 154 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Performance

Shares of NYSE NUE opened at $136.18 on Tuesday. The firm’s 50-day moving average price is $125.43 and its 200-day moving average price is $139.71. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The company has a market cap of $31.98 billion, a PE ratio of 16.19, a PEG ratio of 0.96 and a beta of 1.60. Nucor Co. has a 52-week low of $112.25 and a 52-week high of $203.00.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $3.16 EPS. As a group, analysts anticipate that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, March 31st. Nucor’s payout ratio is 26.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Nucor in a research note on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective for the company. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price objective on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group raised their price objective 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. Finally, Citigroup reduced their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.13.

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.