Nucor Co. (NYSE:NUE) Holdings Lifted by Blair William & Co. IL

Blair William & Co. IL boosted its holdings in Nucor Co. (NYSE:NUE) by 46.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 43,719 shares of the basic materials company’s stock after purchasing an additional 13,784 shares during the quarter. Blair William & Co. IL’s holdings in Nucor were worth $5,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Horrell Capital Management Inc. grew its stake in shares of Nucor by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company’s stock worth $3,111,000 after purchasing an additional 76 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in Nucor by 4.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock worth $252,000 after buying an additional 91 shares during the last quarter. Jessup Wealth Management Inc increased its holdings in shares of Nucor by 0.9% in the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock valued at $1,229,000 after buying an additional 93 shares in the last quarter. Redwood Investment Management LLC lifted its position in shares of Nucor by 1.0% during the 3rd quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock valued at $1,365,000 after acquiring an additional 94 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its stake in shares of 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 acquiring an additional 94 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Citigroup reduced their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. UBS Group raised shares of Nucor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $160.00 in a research report on Monday, March 24th. Jefferies Financial Group upped their price target on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Finally, Argus set a $155.00 price objective on shares of Nucor in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.44.

Nucor Stock Down 4.4 %

Nucor stock opened at $121.90 on Monday. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The firm has a market cap of $28.10 billion, a PE ratio of 14.50, a P/E/G ratio of 0.96 and a beta of 1.58. The firm’s 50 day moving average price is $130.98 and its two-hundred day moving average price is $137.27.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share 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 period in the prior year, the firm earned $3.16 EPS. On average, research analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently declared 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 1.80%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 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.