Marathon Trading Investment Management LLC purchased a new position in Nucor Co. (NYSE:NUE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,051 shares of the basic materials company's stock, valued at approximately $356,000.
Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Nucor during the third quarter valued at $26,000. Coastline Trust Co bought a new stake in shares of Nucor during the 3rd quarter valued at about $29,000. Crews Bank & Trust acquired a new stake in Nucor during the fourth quarter worth about $29,000. New Wave Wealth Advisors LLC bought a new position in Nucor in the fourth quarter worth about $33,000. Finally, Versant Capital Management Inc boosted its stake in Nucor by 60.3% in the fourth 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. Institutional investors and hedge funds own 76.48% of the company's stock.
Nucor Price Performance
Shares of NYSE:NUE traded down $1.35 during trading on Thursday, reaching $129.51. The company had a trading volume of 1,969,271 shares, compared to its average volume of 1,810,434. The firm's fifty day moving average is $129.42 and its 200 day moving average is $138.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The firm has a market capitalization of $29.86 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00.
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 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 period in the prior year, the business earned $3.16 earnings per share. On average, equities analysts forecast that Nucor Co. will post 7.64 EPS for the current year.
Nucor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.70%. Nucor's dividend payout ratio is currently 26.16%.
Wall Street Analysts Forecast Growth
NUE has been the topic of a number of research reports. Jefferies Financial Group increased 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. Citigroup cut their target price on Nucor from $240.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. UBS Group restated a "neutral" rating and set a $156.00 price target (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of Nucor from $150.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Argus set a $155.00 target price on shares of Nucor in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nucor currently has a consensus rating of "Moderate Buy" and an average price target of $164.33.
Read 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.
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