Capital International Inc. CA Has $2.81 Million Stock Holdings in Nucor Co. (NYSE:NUE)

Capital International Inc. CA raised its position in shares of Nucor Co. (NYSE:NUE - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,090 shares of the basic materials company's stock after acquiring an additional 4,583 shares during the period. Capital International Inc. CA's holdings in Nucor were worth $2,812,000 at the end of the most recent reporting period.

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

Nucor Price Performance

Shares of NUE traded up $3.45 on Thursday, hitting $115.38. The company's stock had a trading volume of 1,784,074 shares, compared to its average volume of 2,057,510. The company has a 50 day moving average price of $123.56 and a 200 day moving average price of $132.41. Nucor Co. has a fifty-two week low of $97.59 and a fifty-two week high of $176.83. The company has a market capitalization of $26.60 billion, a PE ratio of 13.72, a PEG ratio of 0.96 and a beta of 1.67. 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 earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) 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 last year, the business 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 disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.91%. Nucor's dividend payout ratio (DPR) is presently 26.16%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Nucor from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Morgan Stanley set a $164.00 price target on Nucor in a research report on Monday, March 24th. Jefferies Financial Group increased their price objective on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. UBS Group raised Nucor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $156.00 to $160.00 in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.33.

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.