Schroder Investment Management Group Has $46.97 Million Stock Position in Nucor Co. (NYSE:NUE)

Schroder Investment Management Group increased its stake in shares of Nucor Co. (NYSE:NUE) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407,299 shares of the basic materials company’s stock after purchasing an additional 16,940 shares during the period. Schroder Investment Management Group’s holdings in Nucor were worth $46,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Townsquare Capital LLC raised its position in shares of Nucor by 5.8% in the 3rd quarter. Townsquare Capital LLC now owns 4,622 shares of the basic materials company’s stock valued at $695,000 after acquiring an additional 255 shares during the period. Public Sector Pension Investment Board raised its holdings in Nucor by 9.9% in the third quarter. Public Sector Pension Investment Board now owns 10,000 shares of the basic materials company’s stock worth $1,503,000 after purchasing an additional 900 shares during the period. Edgestream Partners L.P. bought a new position in shares of Nucor during the third quarter worth $840,000. Erste Asset Management GmbH acquired a new position in shares of Nucor in the 3rd quarter valued at $1,493,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Nucor in the 3rd quarter valued at $78,000. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

NYSE NUE opened at $120.43 on Tuesday. Nucor Co. has a 52-week low of $112.25 and a 52-week high of $203.00. The stock has a market cap of $27.76 billion, a PE ratio of 14.32, a P/E/G ratio of 0.96 and a beta of 1.58. The firm has a 50-day moving average of $130.90 and a 200-day moving average of $137.12. 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 announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating 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 previous year, the firm earned $3.16 earnings per share. On average, sell-side analysts anticipate that Nucor Co. will post 7.64 EPS for the current year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.83%. Nucor’s payout ratio is presently 26.16%.

Analyst Ratings Changes

A number of research analysts recently issued reports on NUE shares. Citigroup decreased their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group initiated coverage on shares of Nucor in a report on Monday, December 2nd. They issued a “buy” rating and a $190.00 price objective on the stock. Morgan Stanley set a $164.00 target price on shares of Nucor in a research report on Monday, March 24th. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.44.

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.