Nucor Co. (NYSE:NUE) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in Nucor Co. (NYSE:NUE - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 377,911 shares of the basic materials company's stock after purchasing an additional 49,011 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.16% of Nucor worth $44,106,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Crews Bank & Trust acquired a new position in Nucor in the 4th quarter valued at about $29,000. New Wave Wealth Advisors LLC acquired a new position in shares of Nucor in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc raised its stake in shares of Nucor by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company's stock worth $35,000 after purchasing an additional 114 shares during the last quarter. Beacon Capital Management LLC grew its position in 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 buying an additional 94 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Nucor in the 4th quarter valued at $50,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NUE has been the topic of several analyst reports. UBS Group raised shares of Nucor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $156.00 to $160.00 in a report on Monday, March 24th. Jefferies Financial Group boosted their target price on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. StockNews.com raised Nucor from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. Finally, Morgan Stanley set a $164.00 target price on shares of Nucor in a report on Monday, March 24th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.44.

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Nucor Price Performance

Nucor stock traded up $2.89 during mid-day trading on Wednesday, hitting $122.55. 611,692 shares of the company were exchanged, compared to its average volume of 2,866,032. 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 Co. has a 12-month low of $112.25 and a 12-month high of $203.00. The business's 50 day simple moving average is $130.79 and its two-hundred day simple moving average is $136.96. The company has a market capitalization of $28.25 billion, a P/E ratio of 14.57, a PEG ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share 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 in the prior year, the business posted $3.16 earnings per share. Analysts forecast that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio is presently 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.