Commonwealth Equity Services LLC cut its position in Nucor Co. (NYSE:NUE - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,313 shares of the basic materials company's stock after selling 2,906 shares during the quarter. Commonwealth Equity Services LLC owned about 0.10% of Nucor worth $26,763,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NUE. Coastline Trust Co bought a new stake in Nucor in the 3rd quarter valued at about $29,000. Crews Bank & Trust purchased a new stake in shares of Nucor during the 4th quarter valued at approximately $29,000. New Wave Wealth Advisors LLC bought a new position in Nucor in the 4th quarter worth approximately $33,000. Versant Capital Management Inc grew its stake in Nucor by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company's stock valued at $35,000 after buying an additional 114 shares in the last quarter. Finally, Beacon Capital Management LLC raised its holdings in 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 acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 76.48% of the company's stock.
Nucor Trading Up 2.1 %
Nucor stock traded up $2.70 during mid-day trading on Friday, hitting $132.26. The company's stock had a trading volume of 2,111,160 shares, compared to its average volume of 1,806,377. The business has a 50 day moving average price of $129.75 and a 200-day moving average price of $138.48. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The stock has a market cap of $30.49 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. 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 results 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 in the previous year, the company posted $3.16 EPS. As a group, analysts forecast that Nucor Co. will post 7.64 EPS for the current year.
Nucor Dividend Announcement
The company 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. This represents a $2.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Monday, March 31st. Nucor's dividend payout ratio (DPR) is presently 26.16%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on NUE shares. Citigroup cut their price target on Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group started coverage on Nucor in a report on Monday, December 2nd. They set a "buy" rating and a $190.00 target price for the company. UBS Group reissued a "neutral" rating and issued a $156.00 price target (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Morgan Stanley raised their price objective on shares of Nucor from $154.00 to $167.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Nucor from $150.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nucor has an average rating of "Moderate Buy" and an average target price of $164.33.
Read Our Latest Stock Analysis on Nucor
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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