Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 101,956 Nucor Co. (NYSE:NUE)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Nucor Co. (NYSE:NUE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 101,956 shares of the basic materials company's stock, valued at approximately $11,899,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new stake in Nucor in the 4th quarter valued at $565,000. InvesTrust bought a new stake in shares of Nucor during the 4th quarter worth about $4,388,000. Stephens Inc. AR raised its holdings in Nucor by 38.0% in the 4th quarter. Stephens Inc. AR now owns 8,455 shares of the basic materials company's stock valued at $987,000 after acquiring an additional 2,327 shares during the period. Covea Finance acquired a new stake in Nucor during the fourth quarter worth approximately $5,836,000. Finally, Grace & White Inc. NY grew its position in shares of Nucor by 12.0% in the fourth quarter. Grace & White Inc. NY now owns 122,339 shares of the basic materials company's stock valued at $14,278,000 after purchasing an additional 13,100 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor Price Performance

Shares of NUE stock traded up $1.67 on Friday, reaching $110.62. The company had a trading volume of 2,125,581 shares, compared to its average volume of 2,072,918. The stock has a market capitalization of $25.50 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The business's 50-day moving average is $125.13 and its 200 day moving average is $133.02. Nucor Co. has a one year low of $97.59 and a one year high of $193.61.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $3.16 EPS. Equities research analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. Nucor's dividend payout ratio (DPR) is presently 26.16%.

Analysts Set New Price Targets

NUE has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday. Morgan Stanley set a $164.00 target price on shares of Nucor in a research report on Monday, March 24th. Argus set a $155.00 price target on Nucor in a research note on Wednesday, March 5th. UBS Group upgraded Nucor from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $156.00 to $160.00 in a research note on Monday, March 24th. Finally, The Goldman Sachs Group reduced their target price on Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $160.33.

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.