Jump Financial LLC Increases Holdings in Nucor Co. (NYSE:NUE)

Jump Financial LLC lifted its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 308.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,319 shares of the basic materials company's stock after buying an additional 79,519 shares during the period. Jump Financial LLC's holdings in Nucor were worth $12,292,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NUE. Crews Bank & Trust acquired a new position in shares of Nucor in the fourth quarter valued at approximately $29,000. New Wave Wealth Advisors LLC bought a new stake in Nucor during the 4th quarter worth approximately $33,000. Versant Capital Management Inc increased its position in 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 acquiring an additional 114 shares during the period. Beacon Capital Management LLC raised its stake 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 during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Nucor during the fourth quarter worth $50,000. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Up 1.5 %

Shares of NUE traded up $1.67 during trading hours on Friday, hitting $110.62. The stock had a trading volume of 2,125,581 shares, compared to its average volume of 2,072,918. The firm has a market capitalization of $25.50 billion, a P/E ratio of 13.15, a price-to-earnings-growth 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 $193.61. The firm has a 50 day simple moving average of $125.13 and a 200-day simple moving average of $133.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

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

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio (DPR) is presently 26.16%.

Analysts Set New Price Targets

NUE has been the subject of a number of recent research reports. UBS Group upgraded 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. Jefferies Financial Group raised their price objective on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Morgan Stanley set a $164.00 target price on Nucor in a report on Monday, March 24th. JPMorgan Chase & Co. lowered their price target on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nucor has a consensus rating of "Moderate Buy" and an average price target of $160.33.

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.