Elo Mutual Pension Insurance Co Has $2.83 Million Stock Position in Nucor Co. (NYSE:NUE)

Elo Mutual Pension Insurance Co grew its holdings in Nucor Co. (NYSE:NUE - Free Report) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,260 shares of the basic materials company's stock after purchasing an additional 3,095 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Nucor were worth $2,831,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Crews Bank & Trust bought a new position in 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 valued at about $33,000. Versant Capital Management Inc grew its position in shares of 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 purchasing an additional 114 shares during the period. 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 worth $49,000 after buying an additional 94 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in Nucor during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NUE shares. Jefferies Financial Group upped their target price on shares of Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Argus set a $155.00 price objective on Nucor in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on Nucor from $150.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group raised shares of Nucor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $156.00 to $160.00 in a research note on Monday, March 24th. Finally, StockNews.com raised Nucor from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. Three 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.44.

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Nucor Price Performance

NYSE NUE traded up $2.78 during trading on Wednesday, hitting $122.44. 537,720 shares of the company's stock were exchanged, compared to its average volume of 1,973,791. The stock's 50 day moving average price is $130.79 and its two-hundred day moving average price is $136.96. The company has a market cap of $28.23 billion, a PE ratio of 14.53, a P/E/G ratio of 0.96 and a beta of 1.58. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two 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.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share 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 prior year, the business earned $3.16 earnings per share. Research analysts expect that Nucor Co. will post 7.64 EPS for the current 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 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%.

Nucor 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.