14,922 Shares in Nucor Co. (NYSE:NUE) Bought by Sciencast Management LP

Sciencast Management LP acquired a new position in shares of Nucor Co. (NYSE:NUE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,922 shares of the basic materials company's stock, valued at approximately $1,742,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NUE. Crews Bank & Trust purchased a new stake in Nucor during the 4th quarter worth about $29,000. New Wave Wealth Advisors LLC purchased a new stake in Nucor during the fourth quarter worth approximately $33,000. Versant Capital Management Inc increased 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 purchasing an additional 114 shares during the last quarter. Beacon Capital Management LLC increased its position in shares of Nucor by 29.1% during the fourth 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 in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Nucor during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 76.48% of the company's stock.

Nucor Stock Performance

NUE traded down $0.38 during trading on Wednesday, reaching $127.18. The company's stock had a trading volume of 2,335,047 shares, compared to its average volume of 1,878,026. The company has a market capitalization of $29.32 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The company's fifty day moving average price is $130.86 and its 200-day moving average price is $137.56. Nucor Co. has a 52-week low of $112.25 and a 52-week high of $203.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51.

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Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates 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 firm earned $3.16 EPS. On average, equities analysts forecast that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio (DPR) is 26.16%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NUE shares. StockNews.com raised Nucor from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Argus set a $155.00 price target on shares of Nucor in a research note on Wednesday, March 5th. Citigroup dropped their price objective on shares of Nucor from $240.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. 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. Finally, Morgan Stanley boosted their price target on Nucor from $154.00 to $167.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Three equities research 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.78.

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.