Creative Financial Designs Inc. ADV Increases Stake in Nucor Co. (NYSE:NUE)

Creative Financial Designs Inc. ADV lifted its stake in shares of Nucor Co. (NYSE:NUE) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,611 shares of the basic materials company’s stock after acquiring an additional 409 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Nucor were worth $655,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. State Street Corp raised its holdings in Nucor by 2.9% in the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock valued at $1,724,117,000 after buying an additional 326,181 shares during the period. Everence Capital Management Inc. acquired a new stake in Nucor in the fourth quarter valued at approximately $565,000. BIP Wealth LLC acquired a new stake in Nucor in the third quarter valued at approximately $681,000. Geode Capital Management LLC grew its position in Nucor by 1.3% in the third quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock valued at $883,732,000 after acquiring an additional 74,569 shares in the last quarter. Finally, InvesTrust acquired a new stake in Nucor in the fourth quarter valued at approximately $4,388,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Nucor Stock Performance

Nucor stock opened at $129.73 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The company has a market cap of $29.91 billion, a PE ratio of 15.43, a P/E/G ratio of 0.96 and a beta of 1.58. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The company has a fifty day moving average price of $130.10 and a two-hundred day moving average price of $138.11.

Nucor (NYSE:NUE) last posted its 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 return on equity of 9.85% and a net margin of 6.60%. During the same period in the previous year, the business earned $3.16 EPS. Research analysts expect that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Monday, March 31st. Nucor’s payout ratio is 26.16%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NUE. JPMorgan Chase & Co. raised their price target on shares of Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. The Goldman Sachs Group began coverage on shares of Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. UBS Group reissued a “neutral” rating and set a $156.00 price target (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Argus set a $155.00 price target on shares of Nucor in a research report on Wednesday, March 5th. Finally, StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Four research 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 company. According to MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and an average target price of $164.33.

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.