450 Shares in Nucor Co. (NYSE:NUE) Purchased by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust acquired a new position in shares of Nucor Co. (NYSE:NUE) in the 4th quarter, Holdings Channel reports. The fund acquired 450 shares of the basic materials company’s stock, valued at approximately $53,000.

Several other large investors have also made changes to their positions in NUE. Blue Trust Inc. lifted its position in shares of Nucor by 58.6% during the 3rd quarter. Blue Trust Inc. now owns 3,197 shares of the basic materials company’s stock worth $505,000 after purchasing an additional 1,181 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Nucor by 384.6% during the 3rd quarter. Whittier Trust Co. now owns 1,260 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 1,000 shares during the last quarter. Signaturefd LLC raised its holdings in Nucor by 3.2% in the 3rd quarter. Signaturefd LLC now owns 6,254 shares of the basic materials company’s stock valued at $940,000 after acquiring an additional 193 shares in the last quarter. Eastern Bank raised its holdings in Nucor by 37.7% in the 3rd quarter. Eastern Bank now owns 2,008 shares of the basic materials company’s stock valued at $302,000 after acquiring an additional 550 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Nucor by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 18,349 shares of the basic materials company’s stock valued at $2,759,000 after acquiring an additional 888 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group assumed coverage on Nucor in a report on Monday, December 2nd. They issued a “buy” rating and a $190.00 price target for the company. Jefferies Financial Group upped their price target on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $156.00 price target (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

Nucor Trading Down 1.9 %

NUE stock opened at $139.85 on Thursday. Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.00. The firm has a market cap of $32.84 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.95 and a beta of 1.60. The business’s 50 day moving average is $124.79 and its 200-day moving average is $139.99. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share 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 period last year, the company posted $3.16 EPS. Equities analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.57%. Nucor’s dividend payout ratio (DPR) is presently 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.