Nucor Co. (NYSE:NUE) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 44.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,255 shares of the basic materials company's stock after purchasing an additional 6,865 shares during the period. Mizuho Securities USA LLC's holdings in Nucor were worth $2,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NUE. Nordea Investment Management AB grew its holdings in shares of Nucor by 25.6% during the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company's stock worth $205,282,000 after buying an additional 358,721 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Nucor in the 4th quarter worth approximately $38,714,000. State Street Corp boosted its holdings in shares of Nucor by 2.9% during the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company's stock worth $1,724,117,000 after purchasing an additional 326,181 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Nucor in the third quarter valued at approximately $46,731,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $25,906,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NUE shares. Jefferies Financial Group upped their target price on Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. UBS Group upgraded shares of Nucor from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $156.00 to $160.00 in a research report on Monday. StockNews.com upgraded shares of Nucor from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on shares of Nucor in a report on Monday, December 2nd. They set a "buy" rating and a $190.00 price target for the company. Finally, Argus set a $155.00 target price on Nucor in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $164.44.

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Nucor Trading Down 4.4 %

Nucor stock traded down $5.57 during midday trading on Friday, reaching $121.90. 2,736,479 shares of the stock traded hands, compared to its average volume of 1,972,397. The firm has a market cap of $28.10 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $131.03 and a two-hundred day simple moving average of $137.42. Nucor Co. has a 12-month low of $112.25 and a 12-month high of $203.00.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 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 period last year, the business earned $3.16 earnings per share. Research analysts expect that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.80%. Nucor's 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.