Fox Run Management L.L.C. Makes New Investment in Nucor Co. (NYSE:NUE)

Fox Run Management L.L.C. purchased a new position in Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,987 shares of the basic materials company's stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in Nucor during the 4th quarter valued at about $29,000. New Wave Wealth Advisors LLC bought a new position in shares of Nucor in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc boosted its holdings 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 worth $35,000 after acquiring an additional 114 shares in the last quarter. Beacon Capital Management LLC grew its position 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 acquiring an additional 94 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in Nucor during the 4th quarter valued at $50,000. Institutional investors own 76.48% of the company's stock.

Nucor Stock Down 4.4 %

Shares of Nucor stock traded down $5.57 on Friday, hitting $121.90. The company had a trading volume of 2,736,479 shares, compared to its average volume of 1,972,398. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The stock has a 50-day moving average of $130.98 and a 200-day moving average of $137.27. The firm has a market capitalization of $28.10 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.96 and a beta of 1.58.

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Nucor (NYSE:NUE - Get Free Report) last released 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 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 earnings per share. Research analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. Nucor's dividend payout ratio (DPR) is presently 26.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NUE. Jefferies Financial Group boosted their price objective on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Nucor from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group began coverage on shares of Nucor in a research report on Monday, December 2nd. They issued a "buy" rating and a $190.00 price objective for the company. Argus set a $155.00 price objective on shares of Nucor in a research report on Wednesday, March 5th. Finally, UBS Group upgraded Nucor from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $156.00 to $160.00 in a research report on Monday, March 24th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.44.

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.