Aviva PLC increased its holdings in Nucor Co. (NYSE:NUE - Free Report) by 164.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,060 shares of the basic materials company's stock after acquiring an additional 89,059 shares during the quarter. Aviva PLC owned approximately 0.06% of Nucor worth $16,697,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in NUE. Horrell Capital Management Inc. lifted its stake in shares of Nucor by 0.3% in the 4th 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. 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 valued at $252,000 after buying an additional 91 shares during the last quarter. Jessup Wealth Management Inc raised its stake in Nucor by 0.9% in the 4th quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock valued at $1,229,000 after purchasing an additional 93 shares during the last quarter. Beacon Capital Management LLC raised its position in shares of Nucor by 29.1% in the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock valued at $49,000 after buying an additional 94 shares during the last quarter. Finally, Zhang Financial LLC grew its holdings in 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 buying an additional 99 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.
Nucor Price Performance
Shares of Nucor stock traded up $1.78 on Friday, hitting $111.22. The company had a trading volume of 1,779,375 shares, compared to its average volume of 2,058,885. Nucor Co. has a 52 week low of $97.59 and a 52 week high of $197.79. The company has a market cap of $25.64 billion, a PE ratio of 13.22, a PEG ratio of 0.96 and a beta of 1.67. The business has a 50-day simple moving average of $127.54 and a 200-day simple moving average of $134.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.
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 (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the company posted $3.16 EPS. Research analysts expect that Nucor Co. will post 7.64 EPS for the current fiscal year.
Nucor Dividend Announcement
The company also recently announced 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. This represents a $2.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's payout ratio is 26.16%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on NUE shares. The Goldman Sachs Group lowered their price objective on shares of Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Morgan Stanley set a $164.00 price objective on shares of Nucor in a research note on Monday, March 24th. Jefferies Financial Group increased 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. Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on Nucor from $150.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.11.
Get Our Latest Report on NUE
About Nucor
(
Free Report)
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.
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