Tower Research Capital LLC TRC Increases Holdings in Nucor Co. (NYSE:NUE)

Tower Research Capital LLC TRC increased its stake in shares of Nucor Co. (NYSE:NUE - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,039 shares of the basic materials company's stock after acquiring an additional 4,358 shares during the period. Tower Research Capital LLC TRC's holdings in Nucor were worth $1,522,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NUE. Horrell Capital Management Inc. raised its stake in shares of Nucor by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock valued at $3,111,000 after purchasing an additional 76 shares in the last quarter. TCI Wealth Advisors Inc. raised its position in Nucor by 4.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company's stock valued at $252,000 after purchasing an additional 91 shares during the last quarter. Jessup Wealth Management Inc lifted its position in Nucor by 0.9% during the 4th quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after buying an additional 93 shares in the last quarter. Beacon Capital Management LLC grew its stake 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 valued at $49,000 after purchasing an additional 94 shares during the last quarter. Finally, Zhang Financial LLC raised its position in shares of Nucor by 1.9% during the fourth quarter. Zhang Financial LLC now owns 5,284 shares of the basic materials company's stock worth $617,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 76.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Nucor from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Morgan Stanley set a $164.00 price target on Nucor in a research report on Monday, March 24th. JPMorgan Chase & Co. dropped their price objective on Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their target price on Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, UBS Group upgraded shares of Nucor from a "neutral" rating to a "buy" rating and increased their target price for the stock from $156.00 to $160.00 in a research report on Monday, March 24th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nucor currently has an average rating of "Moderate Buy" and an average price target of $160.33.

Nucor Stock Performance

Shares of Nucor stock traded up $0.41 on Friday, reaching $115.70. 1,560,850 shares of the company traded hands, compared to its average volume of 2,060,493. Nucor Co. has a 52 week low of $97.59 and a 52 week high of $176.60. 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 company has a 50 day moving average of $122.58 and a 200 day moving average of $131.79. The firm has a market capitalization of $26.67 billion, a PE ratio of 13.76, a PEG ratio of 0.96 and a beta of 1.67.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings data 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 net margin of 6.60% and a return on equity of 9.85%. During the same period in the prior year, the firm posted $3.16 earnings per share. Equities analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.90%. Nucor's payout ratio is presently 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.