Blair William & Co. IL grew its position in shares of Nucor Co. (NYSE:NUE - Free Report) by 46.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,719 shares of the basic materials company's stock after buying an additional 13,784 shares during the period. Blair William & Co. IL's holdings in Nucor were worth $5,102,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of NUE. State Street Corp increased its position in Nucor by 2.9% during the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company's stock worth $1,724,117,000 after acquiring an additional 326,181 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Nucor during the 4th quarter worth approximately $565,000. Geode Capital Management LLC increased its holdings in shares of Nucor by 1.3% during the third quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company's stock worth $883,732,000 after purchasing an additional 74,569 shares during the period. InvesTrust acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $4,388,000. Finally, Wellington Management Group LLP boosted its stake in shares of Nucor by 15.8% in the third quarter. Wellington Management Group LLP now owns 249,984 shares of the basic materials company's stock valued at $37,583,000 after buying an additional 34,149 shares during the period. Institutional investors and hedge funds own 76.48% of the company's stock.
Analyst Ratings Changes
NUE has been the topic of a number of recent research reports. Morgan Stanley set a $164.00 price objective on Nucor in a research note on Monday, March 24th. Argus set a $155.00 price target on Nucor in a research report on Wednesday, March 5th. StockNews.com raised shares of Nucor from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. Citigroup decreased their target price on shares of Nucor from $240.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nucor from $150.00 to $156.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Three research 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. Based on data from MarketBeat, Nucor currently has an average rating of "Moderate Buy" and a consensus target price of $164.44.
Check Out Our Latest Stock Report on Nucor
Nucor Price Performance
NYSE:NUE traded down $11.52 on Thursday, hitting $111.51. The company had a trading volume of 2,378,733 shares, compared to its average volume of 2,880,898. Nucor Co. has a 52 week low of $111.44 and a 52 week high of $203.00. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.96 and a beta of 1.58. The firm has a 50 day moving average of $130.82 and a two-hundred day moving average of $136.86.
Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating 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 in the previous year, the business posted $3.16 earnings per share. On average, research analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current year.
Nucor Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio (DPR) is currently 26.16%.
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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