3,184 Shares in Nucor Co. (NYSE:NUE) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust acquired a new stake in Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,184 shares of the basic materials company's stock, valued at approximately $372,000.

A number of other hedge funds have also added to or reduced their stakes in NUE. Crews Bank & Trust purchased a new stake in shares of Nucor in the fourth quarter valued at approximately $29,000. New Wave Wealth Advisors LLC bought a new position in shares of Nucor during the 4th quarter worth $33,000. Versant Capital Management Inc increased its stake in shares of Nucor by 60.3% during the fourth 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 during the period. Beacon Capital Management LLC raised its holdings 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 acquiring an additional 94 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Nucor in the fourth quarter worth about $50,000. 76.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on NUE. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $150.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Citigroup dropped their target price on Nucor from $240.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Jefferies Financial Group boosted their price target on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group began coverage on Nucor in a research note on Monday, December 2nd. They issued a "buy" rating and a $190.00 target price on the stock. Finally, Argus set a $155.00 target price on shares of Nucor in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.44.

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Nucor Stock Performance

Shares of NYSE:NUE traded down $5.57 on Friday, hitting $121.90. 2,736,479 shares of the company were exchanged, compared to its average volume of 1,972,398. The firm has a market capitalization of $28.10 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.00. The stock's 50 day moving average price is $130.98 and its 200 day moving average price is $137.27.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $3.16 EPS. Sell-side analysts predict that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

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 given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio is presently 26.16%.

About Nucor

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.