Nucor Co. (NYSE:NUE) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its stake in Nucor Co. (NYSE:NUE - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,037 shares of the basic materials company's stock after selling 11,781 shares during the period. O Shaughnessy Asset Management LLC's holdings in Nucor were worth $4,439,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Crews Bank & Trust purchased 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 fourth quarter worth approximately $33,000. Versant Capital Management Inc lifted 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 buying an additional 114 shares during the last quarter. Beacon Capital Management LLC boosted 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 acquiring an additional 94 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in shares of Nucor during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on NUE shares. StockNews.com downgraded shares of Nucor from a "hold" rating to a "sell" rating in a research report on Monday. Argus set a $155.00 target price on shares of Nucor in a report on Wednesday, March 5th. UBS Group raised Nucor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $156.00 to $160.00 in a report on Monday, March 24th. Morgan Stanley set a $164.00 price target on Nucor in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. increased their price objective on Nucor from $150.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nucor presently has a consensus rating of "Moderate Buy" and an average target price of $162.11.

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Nucor Price Performance

NUE stock traded up $1.66 during trading on Monday, reaching $104.88. 4,102,216 shares of the company were exchanged, compared to its average volume of 2,021,502. 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 stock's 50 day moving average price is $129.85 and its 200 day moving average price is $136.00. Nucor Co. has a 52-week low of $97.59 and a 52-week high of $203.00. The company has a market cap of $24.18 billion, a P/E ratio of 12.47, a PEG ratio of 0.96 and a beta of 1.67.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business posted $3.16 EPS. As a group, analysts predict that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company 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. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, March 31st. Nucor's dividend payout ratio (DPR) 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.