Schroder Investment Management Group Increases Holdings in Nucor Co. (NYSE:NUE)

Schroder Investment Management Group grew its holdings in shares of Nucor Co. (NYSE:NUE - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,299 shares of the basic materials company's stock after purchasing an additional 16,940 shares during the period. Schroder Investment Management Group owned approximately 0.17% of Nucor worth $46,966,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Crews Bank & Trust purchased a new stake in Nucor in the fourth quarter valued at about $29,000. New Wave Wealth Advisors LLC purchased a new position in shares of Nucor in the 4th quarter valued at approximately $33,000. Versant Capital Management Inc boosted its stake in Nucor by 60.3% in the 4th 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 in the last quarter. Beacon Capital Management LLC grew its position in Nucor by 29.1% during the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after purchasing an additional 94 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Nucor during the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of 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 increased 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 shares of Nucor in a research report on Monday, March 24th. Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. Finally, StockNews.com raised shares of Nucor from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nucor currently has an average rating of "Moderate Buy" and a consensus target price of $164.44.

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Nucor Stock Performance

NUE traded down $13.07 on Thursday, reaching $109.96. The stock had a trading volume of 4,245,461 shares, compared to its average volume of 1,992,718. Nucor Co. has a 12-month low of $109.00 and a 12-month high of $203.00. 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 market cap of $25.35 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The business's 50-day moving average price is $130.82 and its two-hundred day moving average price is $136.86.

Nucor (NYSE:NUE - Get Free Report) last issued 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 return on equity of 9.85% and a net margin of 6.60%. During the same period last year, the company earned $3.16 EPS. Sell-side analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's payout ratio is 26.16%.

Nucor Company 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.