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

Farther Finance Advisors LLC trimmed its position in Nucor Co. (NYSE:NUE) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Widmann Financial Services Inc. increased its stake in shares of Nucor by 4.0% in the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock worth $271,000 after buying an additional 70 shares during the period. Citizens Financial Group Inc. RI increased its stake in shares of Nucor by 1.7% in the third quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock worth $696,000 after buying an additional 79 shares during the period. TCI Wealth Advisors Inc. increased its stake in shares of Nucor by 4.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock worth $252,000 after buying an additional 91 shares during the period. Jessup Wealth Management Inc increased its stake in shares of Nucor by 0.9% in the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock worth $1,229,000 after buying an additional 93 shares during the period. Finally, Redwood Investment Management LLC increased its stake in shares of Nucor by 1.0% in the third quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock worth $1,365,000 after buying an additional 94 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NUE has been the topic of several analyst reports. Citigroup decreased 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. UBS Group reissued a “neutral” rating and set a $156.00 price objective (down from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Argus set a $155.00 price objective on shares of Nucor in a research report on Wednesday, March 5th. Four equities 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 company. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Nucor Stock Performance

Shares of NUE stock opened at $131.11 on Thursday. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The stock has a market cap of $30.22 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $130.36 and its 200-day moving average price is $138.07.

Nucor (NYSE:NUE) last announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 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 previous year, the firm posted $3.16 EPS. On average, equities analysts expect that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 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.