TKG Advisors LLC Takes $255,000 Position in Nucor Co. (NYSE:NUE)

TKG Advisors LLC purchased a new stake in shares of Nucor Co. (NYSE:NUE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,085 shares of the basic materials company's stock, valued at approximately $255,000.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Nucor during the third quarter valued at about $26,000. Coastline Trust Co purchased a new stake in Nucor during the third quarter valued at about $29,000. Crews Bank & Trust bought a new position in shares of Nucor during the fourth quarter valued at about $29,000. Brown Lisle Cummings Inc. bought a new position in shares of Nucor during the third quarter valued at about $30,000. Finally, New Wave Wealth Advisors LLC bought a new position in shares of Nucor during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Nucor from $166.00 to $154.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. StockNews.com raised Nucor from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Citigroup reduced their price objective on 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 issued a $156.00 target price (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on Nucor from $152.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.13.

Nucor Stock Down 3.4 %

Nucor stock traded down $4.77 during trading hours on Friday, hitting $135.19. 2,277,287 shares of the stock traded hands, compared to its average volume of 3,119,081. The firm's 50-day moving average price is $125.19 and its two-hundred day moving average price is $139.89. 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 has a market cap of $31.74 billion, a PE ratio of 16.07, a PEG ratio of 0.96 and a beta of 1.60. Nucor Co. has a one year low of $112.25 and a one year high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the previous year, the business posted $3.16 EPS. On average, research analysts forecast that Nucor Co. will post 7.64 EPS for the current 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. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.63%. Nucor's payout ratio is 26.16%.

Nucor Company 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.