Creative Financial Designs Inc. ADV Grows Holdings in Nucor Co. (NYSE:NUE)

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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price target on shares of Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. 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 target on the stock. Citigroup lowered their price target 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, UBS Group reaffirmed a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.33.

Nucor Price Performance

Nucor stock opened at $129.73 on Wednesday. Nucor Co. has a 12-month low of $112.25 and a 12-month high of $203.00. The stock has a market capitalization of $29.91 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.96 and a beta of 1.58. The firm’s 50-day moving average is $130.10 and its two-hundred day moving average is $138.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE) last released its quarterly 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 quarter in the previous year, the company posted $3.16 EPS. Equities analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

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

Nucor 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.