Regal Investment Advisors LLC Sells 3,476 Shares of Nucor Co. (NYSE:NUE)

Regal Investment Advisors LLC reduced its stake in Nucor Co. (NYSE:NUE - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,664 shares of the basic materials company's stock after selling 3,476 shares during the period. Regal Investment Advisors LLC's holdings in Nucor were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NUE. Crews Bank & Trust bought a new position in shares of Nucor in the 4th quarter valued at $29,000. New Wave Wealth Advisors LLC bought a new position in shares of Nucor in the fourth quarter worth about $33,000. Versant Capital Management Inc boosted its stake in shares of 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 in the last quarter. Beacon Capital Management LLC increased its position in Nucor by 29.1% during the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after purchasing an additional 94 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in Nucor in the 4th quarter valued at approximately $50,000. Institutional investors own 76.48% of the company's stock.

Nucor Stock Up 1.4 %

NYSE:NUE traded up $1.50 during trading hours on Tuesday, reaching $108.17. The company had a trading volume of 563,076 shares, compared to its average volume of 2,838,758. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Co. has a twelve month low of $97.59 and a twelve month high of $183.95. The business's 50-day simple moving average is $124.59 and its two-hundred day simple moving average is $132.71. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.96 and a beta of 1.67.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results 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 quarter in the prior year, the firm earned $3.16 earnings per share. On average, equities analysts expect that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 2.03%. Nucor's payout ratio is currently 26.16%.

Wall Street Analysts Forecast Growth

NUE has been the topic of several recent research reports. Morgan Stanley set a $164.00 price objective on Nucor in a report on Monday, March 24th. StockNews.com upgraded shares of Nucor from a "sell" rating to a "hold" rating in a research report on Friday. JPMorgan Chase & Co. cut their price target on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Argus set a $155.00 target price on Nucor in a research report on Wednesday, March 5th. Finally, UBS Group raised Nucor from a "neutral" rating to a "buy" rating and increased their price target for the company from $156.00 to $160.00 in a research note on Monday, March 24th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

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.