Nucor Co. (NYSE:NUE) Shares Purchased by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. boosted its holdings in shares of Nucor Co. (NYSE:NUE) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,406 shares of the basic materials company’s stock after buying an additional 727 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Nucor were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NUE. Mizuho Securities USA LLC lifted its position in Nucor by 8,530.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock worth $239,819,000 after acquiring an additional 1,576,695 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Nucor by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after acquiring an additional 571,682 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in Nucor in the third quarter valued at approximately $74,829,000. Nordea Investment Management AB increased its position 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 valued at $205,282,000 after buying an additional 358,721 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Nucor by 2.9% during the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock worth $1,724,117,000 after buying an additional 326,181 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NUE has been the subject of several recent analyst reports. 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. UBS Group reaffirmed a “neutral” rating and issued a $156.00 price target (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group boosted their price target on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.13.

Nucor Stock Up 0.7 %

Shares of NUE opened at $136.18 on Tuesday. The company’s 50-day moving average price is $125.43 and its 200 day moving average price is $139.71. Nucor Co. has a 12-month low of $112.25 and a 12-month high of $203.00. 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 firm has a market cap of $31.98 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping the consensus estimate 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 period last year, the company posted $3.16 EPS. On average, sell-side analysts forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.62%. Nucor’s dividend payout ratio is presently 26.16%.

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.