GKV Capital Management Co. Inc. Takes $735,000 Position in Nucor Co. (NYSE:NUE)

GKV Capital Management Co. Inc. bought a new position in shares of Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,300 shares of the basic materials company's stock, valued at approximately $735,000.

Several other large investors have also added to or reduced their stakes in the business. M&T Bank Corp increased its position in shares of Nucor by 3.6% during the third quarter. M&T Bank Corp now owns 85,413 shares of the basic materials company's stock valued at $12,840,000 after acquiring an additional 2,977 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Nucor by 29.6% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 19,037 shares of the basic materials company's stock valued at $2,866,000 after acquiring an additional 4,345 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Nucor during the third quarter valued at about $2,024,000. Wilmington Savings Fund Society FSB bought a new stake in Nucor in the third quarter valued at $1,004,000. Finally, Tidal Investments LLC raised its position in shares of Nucor by 9.6% in the 3rd quarter. Tidal Investments LLC now owns 36,493 shares of the basic materials company's stock worth $5,486,000 after acquiring an additional 3,197 shares in the last quarter. Institutional investors own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NUE. StockNews.com raised Nucor from a "sell" rating to a "hold" rating in a research note on Friday. UBS Group raised shares of Nucor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $156.00 to $160.00 in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their target price on Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Argus set a $155.00 target price on Nucor in a research report on Wednesday, March 5th. Finally, Morgan Stanley set a $164.00 price target on shares of Nucor in a research note on Monday, March 24th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $160.33.

Nucor Stock Up 2.2 %

NUE stock traded up $2.39 during trading on Tuesday, hitting $109.06. 717,392 shares of the company's stock traded hands, compared to its average volume of 2,840,964. The business has a fifty day simple moving average of $124.59 and a two-hundred day simple moving average of $132.71. 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 has a market capitalization of $25.14 billion, a P/E ratio of 12.97, a PEG ratio of 0.96 and a beta of 1.67. Nucor Co. has a 1 year low of $97.59 and a 1 year high of $183.95.

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 (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the prior year, the company earned $3.16 EPS. Sell-side analysts anticipate that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The business 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 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, March 31st. Nucor's dividend payout ratio is currently 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.