NEOS Investment Management LLC boosted its position in shares of Nucor Co. (NYSE:NUE - Free Report) by 27.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,402 shares of the basic materials company's stock after acquiring an additional 2,482 shares during the period. NEOS Investment Management LLC's holdings in Nucor were worth $1,331,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Crews Bank & Trust acquired a new position in shares of Nucor during the fourth quarter worth $29,000. New Wave Wealth Advisors LLC purchased a new stake in Nucor during the 4th quarter worth about $33,000. Versant Capital Management Inc boosted its position 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 increased its holdings in shares of Nucor by 29.1% in the 4th 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 stake in shares of Nucor during the 4th quarter worth about $50,000. 76.48% of the stock is owned by hedge funds and other institutional investors.
Nucor Stock Performance
Shares of NUE stock traded down $10.62 during midday trading on Thursday, hitting $112.41. The company had a trading volume of 907,813 shares, compared to its average volume of 1,980,652. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.96 and a beta of 1.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The company's 50 day simple moving average is $130.82 and its 200 day simple moving average is $136.86. Nucor Co. has a 52-week low of $111.82 and a 52-week 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 earnings per share 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 period last year, the business posted $3.16 EPS. Research analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current fiscal year.
Nucor Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders 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 1.96%. Nucor's dividend payout ratio (DPR) is presently 26.16%.
Wall Street Analysts Forecast Growth
NUE has been the topic of several recent analyst reports. Argus set a $155.00 price target on shares of Nucor in a research note on Wednesday, March 5th. StockNews.com raised shares of Nucor from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. Morgan Stanley set a $164.00 price target on shares of Nucor in a research note on Monday, March 24th. Citigroup decreased their price objective on shares of Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, UBS Group upgraded Nucor from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $156.00 to $160.00 in a research report on Monday, March 24th. 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 company. According to MarketBeat, Nucor presently has an average rating of "Moderate Buy" and an average target price of $164.44.
Read Our Latest Stock Analysis on Nucor
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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