UniSuper Management Pty Ltd Has $2.61 Million Stock Position in Nucor Co. (NYSE:NUE)

UniSuper Management Pty Ltd grew its position in shares of Nucor Co. (NYSE:NUE - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,401 shares of the basic materials company's stock after buying an additional 4,976 shares during the period. UniSuper Management Pty Ltd's holdings in Nucor were worth $2,614,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Nucor by 2.9% in the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company's stock worth $1,724,117,000 after purchasing an additional 326,181 shares during the period. Everence Capital Management Inc. bought a new position in shares of Nucor in the 4th quarter worth about $565,000. Geode Capital Management LLC boosted its holdings in shares of Nucor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company's stock valued at $883,732,000 after buying an additional 74,569 shares during the period. InvesTrust acquired a new stake in Nucor during the fourth quarter worth about $4,388,000. Finally, Wellington Management Group LLP lifted its holdings in Nucor by 15.8% in the third quarter. Wellington Management Group LLP now owns 249,984 shares of the basic materials company's stock worth $37,583,000 after acquiring an additional 34,149 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Down 0.6 %

Shares of NUE traded down $0.66 during trading hours on Tuesday, hitting $119.68. 1,913,803 shares of the company were exchanged, compared to its average volume of 1,975,052. 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 company has a market cap of $27.59 billion, a PE ratio of 14.23, a PEG ratio of 0.96 and a beta of 1.58. The firm's 50 day moving average is $130.90 and its 200-day moving average is $137.12. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00.

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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, 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 quarter in the prior year, the firm earned $3.16 EPS. On average, equities research analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio is 26.16%.

Analysts Set New Price Targets

Several equities analysts have recently commented on NUE shares. JPMorgan Chase & Co. upped their target price on Nucor from $150.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Jefferies Financial Group increased their target price on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Citigroup cut their target price on Nucor from $240.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Morgan Stanley set a $164.00 price objective on shares of Nucor in a report on Monday, March 24th. Finally, UBS Group raised shares of Nucor from a "neutral" rating to a "buy" rating and boosted their target price for the company from $156.00 to $160.00 in a research note on Monday, March 24th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.44.

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.