WINTON GROUP Ltd Acquires Shares of 10,771 Nucor Co. (NYSE:NUE)

WINTON GROUP Ltd acquired a new stake in Nucor Co. (NYSE:NUE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,771 shares of the basic materials company's stock, valued at approximately $1,257,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Nucor by 2.9% in the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company's stock valued at $1,724,117,000 after purchasing an additional 326,181 shares during the period. Geode Capital Management LLC raised its holdings in Nucor by 1.3% during 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 acquiring an additional 74,569 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Nucor by 25.6% in the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company's stock worth $205,282,000 after acquiring an additional 358,721 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Nucor by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,468 shares of the basic materials company's stock valued at $196,127,000 after purchasing an additional 68,252 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Nucor by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,679,176 shares of the basic materials company's stock valued at $195,977,000 after purchasing an additional 104,238 shares in the last quarter. Institutional investors own 76.48% of the company's stock.

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Nucor Trading Down 0.1 %

Shares of Nucor stock traded down $0.14 on Tuesday, hitting $120.20. The stock had a trading volume of 471,878 shares, compared to its average volume of 1,969,561. The stock has a market cap of $27.71 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.96 and a beta of 1.58. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The stock's 50-day simple moving average is $130.90 and its two-hundred day simple moving average is $137.12. Nucor Co. has a one year low of $112.25 and a one year high of $203.00.

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, 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 period last year, the business earned $3.16 earnings per share. As a group, sell-side analysts predict that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Monday, March 31st. Nucor's payout ratio is currently 26.16%.

Analysts Set New Price Targets

A number of research firms have weighed in on NUE. Morgan Stanley set a $164.00 target price on Nucor in a report on Monday, March 24th. StockNews.com raised shares of Nucor from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. UBS Group upgraded shares of Nucor from a "neutral" rating to a "buy" rating and boosted their price target for the company from $156.00 to $160.00 in a research report on Monday, March 24th. Jefferies Financial Group boosted 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. Finally, Argus set a $155.00 target price on shares of Nucor in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.44.

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.