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

Bull Street Advisors LLC lifted its position in shares of Nucor Co. (NYSE:NUE) by 1.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,522 shares of the basic materials company’s stock after acquiring an additional 120 shares during the period. Bull Street Advisors LLC’s holdings in Nucor were worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NUE. Ashton Thomas Securities LLC acquired a new position in shares of Nucor during the 3rd quarter worth $26,000. Coastline Trust Co acquired a new position in shares of Nucor during the 3rd quarter worth $29,000. Crews Bank & Trust purchased a new stake in Nucor during the 4th quarter worth about $29,000. Brown Lisle Cummings Inc. purchased a new stake in Nucor during the 3rd quarter worth about $30,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Nucor during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Trading Up 1.6 %

NYSE:NUE opened at $137.75 on Friday. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The stock has a market cap of $32.34 billion, a price-to-earnings ratio of 16.38 and a beta of 1.60. The business has a fifty day moving average of $124.99 and a 200-day moving average of $140.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping 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 in the previous year, the business earned $3.16 earnings per share. Equities analysts predict that Nucor Co. will post 7.88 earnings per share for the current year.

Nucor Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on NUE. Citigroup dropped their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. The Goldman Sachs Group began coverage on Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective for the company. Jefferies Financial Group lifted their price objective on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. UBS Group reiterated a “neutral” rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Finally, StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.13.

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.