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

Horizon Advisory Services Inc. raised its stake in Nucor Co. (NYSE:NUE) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,850 shares of the basic materials company’s stock after buying an additional 153 shares during the period. Horizon Advisory Services Inc.’s holdings in Nucor were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Nucor in the 3rd quarter valued at $26,000. Coastline Trust Co purchased a new stake in shares of Nucor in the 3rd quarter valued at $29,000. Crews Bank & Trust purchased a new stake in shares of Nucor in the 4th quarter valued at $29,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Nucor in the 4th quarter valued at $33,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of Nucor by 45.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Up 0.7 %

Shares of NYSE NUE opened at $136.18 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The firm has a market capitalization of $31.98 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. The firm has a fifty day simple moving average of $125.43 and a two-hundred day simple moving average of $139.71.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 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 period last year, the firm posted $3.16 earnings per share. Equities analysts expect that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.62%. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group upped 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. The Goldman Sachs Group assumed 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. JPMorgan Chase & Co. dropped their price target on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. 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 stock. According to MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

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.