Whittier Trust Co. of Nevada Inc. Has $55,000 Stock Position in Nucor Co. (NYSE:NUE)

Whittier Trust Co. of Nevada Inc. grew its position in Nucor Co. (NYSE:NUE) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475 shares of the basic materials company’s stock after buying an additional 214 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Nucor were worth $55,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crews Bank & Trust acquired a new position in shares of Nucor in the fourth quarter worth about $29,000. New Wave Wealth Advisors LLC acquired a new position in shares of Nucor in the fourth quarter worth about $33,000. Versant Capital Management Inc boosted its holdings in shares of Nucor by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock worth $35,000 after buying an additional 114 shares during the period. Beacon Capital Management LLC boosted its holdings in shares of Nucor by 29.1% during the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 94 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Nucor during the fourth quarter worth approximately $53,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NUE has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. The Goldman Sachs Group initiated coverage on shares of Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. Morgan Stanley raised their price target on shares of Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Citigroup decreased their price target 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, UBS Group restated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Nucor Trading Down 5.8 %

NYSE:NUE opened at $122.02 on Monday. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The firm has a market cap of $28.13 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.96 and a beta of 1.58. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $130.65 and its 200-day moving average is $137.72.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 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 last year, the business earned $3.16 EPS. Equities analysts anticipate that Nucor Co. will post 7.64 EPS for the current year.

Nucor Announces Dividend

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 given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio is 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.