Astoria Portfolio Advisors LLC. Has $461,000 Stock Position in Nucor Co. (NYSE:NUE)

Astoria Portfolio Advisors LLC. decreased its stake in shares of Nucor Co. (NYSE:NUE) by 3.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,375 shares of the basic materials company’s stock after selling 84 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Nucor were worth $461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NUE. SVB Wealth LLC lifted its position in Nucor by 1.5% during the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock valued at $636,000 after purchasing an additional 54 shares during the period. EverSource Wealth Advisors LLC lifted its position in Nucor by 6.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 54 shares during the period. Kestra Private Wealth Services LLC lifted its position in Nucor by 0.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,191 shares of the basic materials company’s stock valued at $1,252,000 after purchasing an additional 55 shares during the period. Householder Group Estate & Retirement Specialist LLC lifted its position in Nucor by 36.6% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 220 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 59 shares during the period. Finally, Fortitude Family Office LLC lifted its position in Nucor by 54.1% during the 1st quarter. Fortitude Family Office LLC now owns 168 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

NYSE NUE opened at $158.08 on Friday. The business has a 50 day simple moving average of $166.46 and a 200 day simple moving average of $177.69. Nucor Co. has a 52-week low of $140.07 and a 52-week high of $203.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.48 and a current ratio of 4.02. The stock has a market cap of $37.90 billion, a price-to-earnings ratio of 9.30 and a beta of 1.60.

Nucor (NYSE:NUE) last posted its earnings results on Monday, April 22nd. The basic materials company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.16). Nucor had a return on equity of 19.62% and a net margin of 12.40%. The business had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the company posted $4.45 earnings per share. Nucor’s revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts anticipate that Nucor Co. will post 10.84 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, June 28th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 1.37%. Nucor’s payout ratio is 12.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America cut their target price on shares of Nucor from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com cut Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Citigroup raised Nucor from a “neutral” rating to a “buy” rating and upped their price target for the company from $180.00 to $240.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lowered their price target on Nucor from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, June 11th. Finally, BMO Capital Markets lowered their price target on Nucor from $185.00 to $175.00 and set a “market perform” rating for the company in a research note on Monday, June 17th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nucor has an average rating of “Hold” and an average target price of $189.67.

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.