F M Investments LLC lifted its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 54.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,573 shares of the basic materials company's stock after acquiring an additional 10,107 shares during the quarter. F M Investments LLC's holdings in Nucor were worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. Horrell Capital Management Inc. grew its holdings in Nucor by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock valued at $3,111,000 after purchasing an additional 76 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in Nucor by 4.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company's stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Jessup Wealth Management Inc grew its stake in Nucor by 0.9% in the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after purchasing an additional 93 shares during the period. Beacon Capital Management LLC increased its holdings in shares of Nucor by 29.1% during 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, Zhang Financial LLC boosted its position in shares of Nucor by 1.9% during the fourth quarter. Zhang Financial LLC now owns 5,284 shares of the basic materials company's stock valued at $617,000 after buying an additional 99 shares during the last quarter. Institutional investors own 76.48% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Morgan Stanley set a $164.00 target price on shares of Nucor in a report on Monday, March 24th. JPMorgan Chase & Co. reduced their price objective on Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday. Jefferies Financial Group upped their price target on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. The Goldman Sachs Group decreased their price target on shares of Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Argus set a $155.00 price objective on shares of Nucor in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.33.
Check Out Our Latest Stock Report on Nucor
Nucor Price Performance
NUE traded down $0.17 during trading on Wednesday, hitting $110.31. The company's stock had a trading volume of 435,216 shares, compared to its average volume of 2,054,389. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The firm's 50 day moving average price is $126.64 and its two-hundred day moving average price is $134.01. Nucor Co. has a 12 month low of $97.59 and a 12 month high of $195.96. The stock has a market capitalization of $25.43 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67.
Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data 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 previous year, the firm posted $3.16 EPS. Sell-side analysts forecast that Nucor Co. will post 7.64 earnings per share for the current fiscal year.
Nucor Announces Dividend
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 issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, March 31st. Nucor's dividend payout ratio is currently 26.16%.
Nucor Profile
(
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.
See Also
Before you consider Nucor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nucor wasn't on the list.
While Nucor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
