Nucor Co. (NYSE:NUE) Shares Acquired by Strategic Advisors LLC

Strategic Advisors LLC increased its stake in Nucor Co. (NYSE:NUE) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,584 shares of the basic materials company’s stock after purchasing an additional 1,329 shares during the quarter. Strategic Advisors LLC’s holdings in Nucor were worth $652,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Street Corp lifted 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. National Pension Service lifted its holdings in Nucor by 3.2% in the third quarter. National Pension Service now owns 652,502 shares of the basic materials company’s stock worth $98,097,000 after purchasing an additional 20,258 shares during the period. Everence Capital Management Inc. acquired a new stake in Nucor in the fourth quarter worth about $565,000. BIP Wealth LLC acquired a new stake in Nucor in the third quarter worth about $681,000. Finally, Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 74,569 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. UBS Group reissued a “neutral” rating and issued a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Citigroup cut their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Morgan Stanley cut their price target on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and an average price target of $163.13.

Nucor Price Performance

NYSE NUE opened at $137.75 on Monday. The stock’s 50-day moving average price is $124.89 and its two-hundred day moving average price is $140.34. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The company has a market cap of $32.34 billion, a PE ratio of 16.38 and a beta of 1.60. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00.

Nucor (NYSE:NUE) last issued its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating 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 in the prior year, the business posted $3.16 EPS. On average, analysts predict that Nucor Co. will post 7.88 EPS for the current year.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st were issued a $0.55 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.60%. Nucor’s dividend payout ratio is currently 26.16%.

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.