Legal & General Group Plc lessened its position in Nucor Co. (NYSE:NUE - Free Report) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,687,917 shares of the basic materials company's stock after selling 507,582 shares during the period. Legal & General Group Plc owned approximately 0.72% of Nucor worth $196,997,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust acquired a new stake in shares of Nucor in the 4th quarter valued at about $29,000. New Wave Wealth Advisors LLC acquired a new position in Nucor during the 4th quarter worth approximately $33,000. Versant Capital Management Inc grew its stake in shares of Nucor by 60.3% during 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 raised its holdings in shares of Nucor by 29.1% in the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 94 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $50,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.
Nucor Price Performance
Shares of NUE stock traded up $0.68 during trading on Tuesday, hitting $111.50. The company had a trading volume of 464,492 shares, compared to its average volume of 2,052,474. 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 stock has a market capitalization of $25.70 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The stock's 50-day moving average is $127.09 and its two-hundred day moving average is $134.17. Nucor Co. has a 52 week low of $97.59 and a 52 week high of $197.79.
Nucor (NYSE:NUE - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (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 in the prior year, the company posted $3.16 EPS. As a group, analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal 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 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 yield of 1.97%. Nucor's dividend payout ratio is currently 26.16%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on NUE. The Goldman Sachs Group decreased their price objective on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a report on Monday, April 7th. Jefferies Financial Group boosted their price target on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price objective on Nucor from $150.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group raised shares of Nucor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $156.00 to $160.00 in a research report on Monday, March 24th. Finally, Morgan Stanley set a $164.00 price target on shares of Nucor in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nucor currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.11.
Get Our Latest Stock Report on NUE
Nucor Company 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.
Featured Articles
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
