Bryn Mawr Capital Management LLC Purchases 198 Shares of Nucor Co. (NYSE:NUE)

Bryn Mawr Capital Management LLC increased its position in Nucor Co. (NYSE:NUE) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,240 shares of the basic materials company’s stock after purchasing an additional 198 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Nucor were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NUE. Assenagon Asset Management S.A. grew its stake in Nucor by 16.7% in the third quarter. Assenagon Asset Management S.A. now owns 24,436 shares of the basic materials company’s stock worth $3,674,000 after purchasing an additional 3,491 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Nucor by 18.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,555 shares of the basic materials company’s stock valued at $2,936,000 after acquiring an additional 3,093 shares in the last quarter. Arkadios Wealth Advisors boosted its position in Nucor by 11.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,912 shares of the basic materials company’s stock valued at $438,000 after acquiring an additional 310 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Nucor by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 61,023 shares of the basic materials company’s stock valued at $9,174,000 after acquiring an additional 257 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Nucor by 11.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 130,143 shares of the basic materials company’s stock valued at $19,317,000 after acquiring an additional 13,068 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $156.00 target price (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Citigroup dropped their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 target price on the stock. Finally, Morgan Stanley dropped their target price on Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

Nucor Stock Performance

Shares of NUE opened at $134.41 on Thursday. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The stock has a fifty day moving average price of $126.06 and a 200-day moving average price of $139.61. 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 $31.56 billion, a PE ratio of 15.98, a P/E/G ratio of 0.96 and a beta of 1.60.

Nucor (NYSE:NUE) last issued its earnings results 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 return on equity of 9.85% and a net margin of 6.60%. During the same period last year, the business posted $3.16 earnings per share. Equities research analysts predict that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be paid a $0.55 dividend. 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 1.64%. Nucor’s dividend payout ratio (DPR) 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.