Retirement Guys Formula LLC Has $1.26 Million Holdings in Nucor Co. (NYSE:NUE)

Retirement Guys Formula LLC increased its stake in shares of Nucor Co. (NYSE:NUE) by 2.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,381 shares of the basic materials company’s stock after acquiring an additional 178 shares during the period. Retirement Guys Formula LLC’s holdings in Nucor were worth $1,263,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. SVB Wealth LLC raised its stake in shares of Nucor by 1.5% in the 4th quarter. SVB Wealth LLC now owns 3,656 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Nucor by 6.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the basic materials company’s stock valued at $151,000 after acquiring an additional 54 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Nucor by 0.8% in 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 acquiring an additional 55 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Nucor by 36.6% in 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 acquiring an additional 59 shares in the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of Nucor by 54.1% in the 1st quarter. Fortitude Family Office LLC now owns 168 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 59 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor Stock Performance

Shares of NYSE:NUE traded down $0.04 during trading on Thursday, hitting $156.42. 737,493 shares of the stock were exchanged, compared to its average volume of 1,707,046. Nucor Co. has a 1-year low of $140.07 and a 1-year high of $203.00. The company has a market capitalization of $37.50 billion, a price-to-earnings ratio of 9.20 and a beta of 1.57. The company’s fifty day simple moving average is $165.08 and its 200-day simple moving average is $177.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.48 and a current ratio of 4.02.

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

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, June 28th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, June 28th. Nucor’s dividend payout ratio is 12.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group began coverage on Nucor in a research note on Monday, May 20th. They issued a “hold” rating and a $190.00 price objective on the stock. StockNews.com downgraded Nucor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their price target on Nucor from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 11th. BMO Capital Markets dropped their price target on Nucor from $185.00 to $175.00 and set a “market perform” rating on the stock in a research report on Monday, June 17th. Finally, Bank of America dropped their price target on Nucor from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $189.67.

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.