Aster Capital Management DIFC Ltd Sells 7,647 Shares of Nucor Co. (NYSE:NUE)

Aster Capital Management DIFC Ltd cut its holdings in shares of Nucor Co. (NYSE:NUE - Free Report) by 56.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,792 shares of the basic materials company's stock after selling 7,647 shares during the period. Aster Capital Management DIFC Ltd's holdings in Nucor were worth $676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NUE. Horrell Capital Management Inc. increased its stake in shares of Nucor by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock valued at $3,111,000 after buying an additional 76 shares in the last quarter. TCI Wealth Advisors Inc. grew its holdings in Nucor by 4.4% during the 4th quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company's stock worth $252,000 after acquiring an additional 91 shares during the last quarter. Jessup Wealth Management Inc raised its stake in shares of Nucor by 0.9% in the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after acquiring an additional 93 shares during the last quarter. Redwood Investment Management LLC lifted its position in shares of Nucor by 1.0% during the third quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company's stock worth $1,365,000 after purchasing an additional 94 shares in the last quarter. Finally, Beacon Capital Management LLC grew its stake 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 valued at $49,000 after purchasing an additional 94 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Trading Up 0.8 %

Nucor stock traded up $0.88 during midday trading on Friday, hitting $110.32. 645,990 shares of the stock were exchanged, compared to its average volume of 2,046,002. The stock has a market capitalization of $25.43 billion, a PE ratio of 13.08, a P/E/G ratio of 0.96 and a beta of 1.67. The company has a fifty day simple moving average of $127.93 and a two-hundred day simple moving average of $134.82. 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 Co. has a 52 week low of $97.59 and a 52 week high of $199.15.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly 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 business earned $3.16 EPS. Equities research analysts anticipate that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders 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 annualized dividend and a dividend yield of 1.99%. Nucor's dividend payout ratio (DPR) is currently 26.16%.

Analysts Set New Price Targets

Several research firms recently weighed in on NUE. Argus set a $155.00 price objective on shares of Nucor in a research report on Wednesday, March 5th. Citigroup dropped their target price on Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Jefferies Financial Group raised their price target on Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price objective on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a report on Monday. Finally, UBS Group raised shares of Nucor from a "neutral" rating to a "buy" rating and raised their target price for the company from $156.00 to $160.00 in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $162.11.

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.