Cozad Asset Management Inc. Sells 967 Shares of Nucor Co. (NYSE:NUE)

Cozad Asset Management Inc. decreased its position in shares of Nucor Co. (NYSE:NUE) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,834 shares of the basic materials company’s stock after selling 967 shares during the quarter. Cozad Asset Management Inc.’s holdings in Nucor were worth $2,081,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NUE. Coastline Trust Co bought a new position in Nucor during the 3rd quarter worth approximately $29,000. Crews Bank & Trust bought a new position in Nucor during the 4th quarter worth approximately $29,000. New Wave Wealth Advisors LLC bought a new position in Nucor during the 4th quarter worth approximately $33,000. Versant Capital Management Inc raised its holdings in Nucor by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 114 shares during the last quarter. Finally, Beacon Capital Management LLC raised its holdings in Nucor by 29.1% during the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NUE shares. The Goldman Sachs Group started coverage on shares of Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Nucor from $154.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. UBS Group reiterated a “neutral” rating and issued a $156.00 price objective (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group lifted their price objective on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Nucor Price Performance

NUE opened at $129.49 on Tuesday. 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 market capitalization of $29.85 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 0.96 and a beta of 1.58. The firm’s fifty day moving average price is $129.93 and its two-hundred day moving average price is $138.27. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $3.16 EPS. As a group, analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, March 31st. Nucor’s payout ratio is 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.