Heck Capital Advisors LLC Invests $121,000 in Nucor Co. (NYSE:NUE)

Heck Capital Advisors LLC purchased a new stake in shares of Nucor Co. (NYSE:NUE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,034 shares of the basic materials company’s stock, valued at approximately $121,000.

A number of other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Nucor in the 3rd quarter valued at about $26,000. Coastline Trust Co purchased a new stake in shares of Nucor during the 3rd quarter valued at approximately $29,000. Brown Lisle Cummings Inc. acquired a new position in Nucor in the third quarter valued at approximately $30,000. Salomon & Ludwin LLC grew its position in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 72 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Nucor during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In other Nucor news, CEO Leon J. Topalian sold 11,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $169.11, for a total value of $1,860,210.00. Following the sale, the chief executive officer now directly owns 172,136 shares in the company, valued at $29,109,918.96. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Allen C. Behr sold 4,968 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $159.72, for a total value of $793,488.96. Following the transaction, the executive vice president now directly owns 85,376 shares of the company’s stock, valued at approximately $13,636,254.72. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,680 shares of company stock valued at $3,452,524. Insiders own 0.46% of the company’s stock.

Nucor Trading Down 0.2 %

NYSE:NUE opened at $128.39 on Monday. Nucor Co. has a 12-month low of $112.25 and a 12-month high of $203.00. The firm has a market cap of $30.15 billion, a PE ratio of 15.27 and a beta of 1.60. The company has a current ratio of 2.51, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $128.47 and a 200 day moving average price of $142.21.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) 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 period in the previous year, the firm posted $3.16 earnings per share. Sell-side analysts anticipate that Nucor Co. will post 7.76 earnings per share for the current fiscal year.

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.71%. Nucor’s dividend payout ratio is currently 26.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 price target on the stock. Morgan Stanley lowered their target price on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their price target 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. Citigroup dropped their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. decreased their price target 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 analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

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.