American Century Companies Inc. Purchases 25,127 Shares of Nucor Co. (NYSE:NUE)

American Century Companies Inc. raised its stake in Nucor Co. (NYSE:NUE - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,674 shares of the basic materials company's stock after purchasing an additional 25,127 shares during the period. American Century Companies Inc. owned approximately 0.13% of Nucor worth $35,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Crews Bank & Trust bought a new stake in shares of Nucor in the fourth quarter valued at about $29,000. New Wave Wealth Advisors LLC acquired a new position in Nucor in the 4th quarter valued at approximately $33,000. Versant Capital Management Inc lifted its position in shares of Nucor by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company's stock worth $35,000 after acquiring an additional 114 shares during the period. Beacon Capital Management LLC grew its holdings in shares of Nucor by 29.1% during the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after purchasing an additional 94 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Nucor during the fourth quarter valued at approximately $50,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Price Performance

Shares of NUE traded up $3.63 on Wednesday, hitting $123.29. The company's stock had a trading volume of 2,117,697 shares, compared to its average volume of 1,983,740. The company has a market capitalization of $28.42 billion, a PE ratio of 14.66, a PEG ratio of 0.96 and a beta of 1.58. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The company has a 50 day moving average price of $130.82 and a 200 day moving average price of $136.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

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

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.78%. Nucor's payout ratio is 26.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NUE shares. Jefferies Financial Group raised their target price on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of Nucor from $150.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group raised shares of Nucor from a "neutral" rating to a "buy" rating and upped their target price for the company from $156.00 to $160.00 in a research note on Monday, March 24th. StockNews.com upgraded shares of Nucor from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley set a $164.00 price objective on Nucor in a research note on Monday, March 24th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $164.44.

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.