Mn Services Vermogensbeheer B.V. Grows Stock Position in Nucor Co. (NYSE:NUE)

Mn Services Vermogensbeheer B.V. increased its position in shares of Nucor Co. (NYSE:NUE) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,981 shares of the basic materials company’s stock after buying an additional 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Nucor were worth $5,016,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position 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 valued at $1,724,117,000 after buying an additional 326,181 shares during the period. National Pension Service raised its position in shares of Nucor by 3.2% during the 3rd quarter. National Pension Service now owns 652,502 shares of the basic materials company’s stock valued at $98,097,000 after buying an additional 20,258 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Nucor during the 4th quarter valued at approximately $565,000. BIP Wealth LLC purchased a new stake in shares of Nucor during the 3rd quarter valued at approximately $681,000. Finally, Geode Capital Management LLC raised its position in shares of Nucor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock valued at $883,732,000 after buying an additional 74,569 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

NYSE:NUE opened at $137.52 on Friday. The company has a fifty day simple moving average of $126.86 and a two-hundred day simple moving average of $139.53. The company has a market cap of $32.29 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Co. has a 52 week low of $112.25 and a 52 week high of $203.00.

Nucor (NYSE:NUE) last posted 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 net margin of 6.60% and a return on equity of 9.85%. During the same period in the prior year, the business earned $3.16 earnings per share. As a group, equities analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

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 dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.60%. Nucor’s payout ratio is currently 26.16%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Nucor in a report on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group lifted their target price on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Citigroup dropped their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Morgan Stanley dropped their target price 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. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.13.

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.