Fox Run Management L.L.C. Takes $349,000 Position in Nucor Co. (NYSE:NUE)

Fox Run Management L.L.C. bought a new position in Nucor Co. (NYSE:NUE) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,987 shares of the basic materials company’s stock, valued at approximately $349,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Crews Bank & Trust acquired a new position in shares of Nucor in the 4th quarter valued at $29,000. New Wave Wealth Advisors LLC purchased a new position in shares of Nucor in the 4th quarter worth $33,000. Versant Capital Management Inc boosted its holdings in Nucor by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 114 shares during the last quarter. Beacon Capital Management LLC grew its position in Nucor by 29.1% during the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 94 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in Nucor during the fourth quarter worth about $50,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Argus set a $155.00 price target on shares of Nucor in a research report on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. The Goldman Sachs Group started coverage on shares of Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 target price on the stock. Finally, Citigroup lowered their price target on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.78.

Nucor Stock Performance

Shares of NUE stock opened at $127.18 on Thursday. 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’s fifty day moving average price is $130.94 and its two-hundred day moving average price is $137.49. The firm has a market capitalization of $29.32 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.96 and a beta of 1.58. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings results 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 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 EPS. On average, research 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 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is currently 26.16%.

Nucor 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.