NTV Asset Management LLC continued to hold its stake in shares of Nucor Co. (NYSE:NUE) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the basic materials company’s stock at the end of the first quarter. NTV Asset Management LLC’s holdings in Nucor were worth $238,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of NUE. TCI Wealth Advisors Inc. boosted its stake in shares of Nucor by 3.5% in the third quarter. TCI Wealth Advisors Inc. now owns 2,070 shares of the basic materials company’s stock worth $102,000 after buying an additional 70 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of Nucor during the fourth quarter worth about $107,000. Ledyard National Bank purchased a new stake in shares of Nucor during the first quarter worth about $122,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Nucor during the fourth quarter worth about $127,000. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of Nucor during the first quarter worth about $146,000. Institutional investors own 76.41% of the company’s stock.
Nucor Co. (NYSE:NUE) opened at 58.97 on Tuesday. The firm has a market capitalization of $18.81 billion, a P/E ratio of 17.77 and a beta of 1.45. Nucor Co. has a 12 month low of $44.81 and a 12 month high of $68.00. The firm’s 50-day moving average is $58.98 and its 200 day moving average is $60.74.
Nucor (NYSE:NUE) last announced its quarterly earnings results on Thursday, April 20th. The basic materials company reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.03. Nucor had a net margin of 4.53% and a return on equity of 9.32%. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 29.6% on a year-over-year basis. On average, analysts expect that Nucor Co. will post $4.50 EPS for the current fiscal year. A number of equities research analysts have recently issued reports on the company. Barclays PLC restated a “buy” rating and set a $68.00 price objective (up previously from $67.00) on shares of Nucor in a report on Thursday, April 20th. JPMorgan Chase & Co. boosted their price objective on Nucor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, March 22nd. Zacks Investment Research cut Nucor from a “buy” rating to a “hold” rating in a report on Monday, February 6th. BMO Capital Markets reiterated a “hold” rating and issued a $68.00 price target on shares of Nucor in a research note on Monday, April 3rd. Finally, Morgan Stanley upgraded Nucor from an “equal weight” rating to an “overweight” rating and set a $78.00 price target for the company in a research note on Monday, February 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.97.
In other Nucor news, CFO James D. Frias sold 52,631 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $62.57, for a total value of $3,293,121.67. Following the completion of the transaction, the chief financial officer now directly owns 174,037 shares of the company’s stock, valued at approximately $10,889,495.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Victoria F. Haynes sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $61.52, for a total transaction of $184,560.00. Following the completion of the transaction, the director now directly owns 33,703 shares of the company’s stock, valued at $2,073,408.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,863 shares of company stock valued at $4,231,173. Insiders own 0.63% of the company’s stock. Nucor Company Profile