DRW Securities LLC Invests $327,000 in Nucor Co. (NYSE:NUE)

DRW Securities LLC purchased a new stake in shares of Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,799 shares of the basic materials company's stock, valued at approximately $327,000.

Other large investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. increased its position in Nucor by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock worth $3,111,000 after acquiring an additional 76 shares during the period. TCI Wealth Advisors Inc. boosted its stake in Nucor by 4.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company's stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Jessup Wealth Management Inc lifted its position in shares of Nucor by 0.9% during the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after purchasing an additional 93 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of Nucor by 29.1% during the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after acquiring an additional 94 shares during the last quarter. Finally, Zhang Financial LLC boosted its stake in shares of Nucor by 1.9% in the 4th quarter. Zhang Financial LLC now owns 5,284 shares of the basic materials company's stock valued at $617,000 after purchasing an additional 99 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com lowered shares of Nucor from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday. Jefferies Financial Group boosted their target price on shares of Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. Morgan Stanley set a $164.00 target price on Nucor in a research note on Monday, March 24th. Finally, Argus set a $155.00 price target on shares of Nucor in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $160.33.

Nucor Price Performance

NYSE:NUE traded down $0.24 during mid-day trading on Wednesday, hitting $110.24. 418,429 shares of the stock traded hands, compared to its average volume of 2,054,302. The company has a market cap of $25.41 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. Nucor Co. has a 12-month low of $97.59 and a 12-month high of $195.96. The business's 50-day moving average price is $126.64 and its 200 day moving average price is $134.01. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings data 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 period last year, the business posted $3.16 earnings per share. On average, analysts expect that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. Nucor's dividend payout ratio is presently 26.16%.

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.