2,600 Shares in Nucor Co. (NYSE:NUE) Acquired by DJE Kapital AG

DJE Kapital AG acquired a new position in shares of Nucor Co. (NYSE:NUE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,600 shares of the basic materials company’s stock, valued at approximately $302,000.

Several other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Nucor during the 3rd quarter worth approximately $26,000. Coastline Trust Co purchased a new stake in Nucor during the 3rd quarter worth approximately $29,000. Crews Bank & Trust purchased a new stake in Nucor during the 4th quarter worth approximately $29,000. New Wave Wealth Advisors LLC purchased a new stake in Nucor during the 4th quarter worth approximately $33,000. Finally, Versant Capital Management Inc grew its position in Nucor by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

Shares of NYSE NUE opened at $133.94 on Tuesday. The company’s fifty day moving average price is $127.21 and its 200 day moving average price is $139.44. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The company has a market capitalization of $31.45 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. 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 quarterly 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 net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the prior year, the firm earned $3.16 EPS. On average, research analysts predict that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Announces Dividend

The business also recently disclosed 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. This represents a $2.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio is presently 26.16%.

Analyst Upgrades and Downgrades

NUE has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley dropped their price objective on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. 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. Finally, StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.13.

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.