Stamos Capital Partners L.P. Has $754,000 Stock Holdings in Nucor Co. (NYSE:NUE)

Stamos Capital Partners L.P. lifted its holdings in shares of Nucor Co. (NYSE:NUE - Free Report) by 144.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,460 shares of the basic materials company's stock after acquiring an additional 3,820 shares during the quarter. Stamos Capital Partners L.P.'s holdings in Nucor were worth $754,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Townsquare Capital LLC grew its holdings in Nucor by 15.9% in the 4th quarter. Townsquare Capital LLC now owns 5,359 shares of the basic materials company's stock worth $625,000 after buying an additional 737 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Nucor by 51.8% during the 4th quarter. Sterling Capital Management LLC now owns 14,288 shares of the basic materials company's stock worth $1,668,000 after acquiring an additional 4,873 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Nucor by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 138,979 shares of the basic materials company's stock worth $16,220,000 after acquiring an additional 828 shares during the last quarter. Colonial Trust Advisors lifted its holdings in shares of Nucor by 804.2% during the fourth quarter. Colonial Trust Advisors now owns 642 shares of the basic materials company's stock valued at $75,000 after purchasing an additional 571 shares during the last quarter. Finally, F M Investments LLC increased its position in shares of Nucor by 54.7% in the fourth quarter. F M Investments LLC now owns 28,573 shares of the basic materials company's stock worth $3,335,000 after acquiring an additional 10,107 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Performance

Shares of NYSE NUE traded up $1.67 during mid-day trading on Friday, hitting $110.62. The company had a trading volume of 2,125,581 shares, compared to its average volume of 2,071,118. Nucor Co. has a 12 month low of $97.59 and a 12 month high of $193.61. 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 firm has a market cap of $25.50 billion, a P/E ratio of 13.15, a PEG ratio of 0.96 and a beta of 1.67. The business's 50-day simple moving average is $125.13 and its 200-day simple moving average is $133.27.

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

Nucor Announces Dividend

The business 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 $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's payout ratio is currently 26.16%.

Analysts Set New Price Targets

Several equities research analysts recently commented on NUE shares. Argus set a $155.00 price target on shares of Nucor in a research report on Wednesday, March 5th. Morgan Stanley set a $164.00 price target on Nucor in a report on Monday, March 24th. The Goldman Sachs Group reduced their price objective on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Monday, April 7th. UBS Group raised 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 research report on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday. Three 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $160.33.

About Nucor

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.