Nucor Co. (NYSE:NUE) Shares Bought by Beacon Capital Management LLC

Beacon Capital Management LLC grew its position in shares of Nucor Co. (NYSE:NUE) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 417 shares of the basic materials company’s stock after acquiring an additional 94 shares during the period. Beacon Capital Management LLC’s holdings in Nucor were worth $49,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bull Street Advisors LLC increased its stake in Nucor by 1.3% during the fourth quarter. Bull Street Advisors LLC now owns 9,522 shares of the basic materials company’s stock worth $1,111,000 after acquiring an additional 120 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Nucor by 4.0% in the fourth quarter. V Square Quantitative Management LLC now owns 5,568 shares of the basic materials company’s stock valued at $650,000 after buying an additional 216 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Nucor by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 9,013 shares of the basic materials company’s stock valued at $1,052,000 after purchasing an additional 1,001 shares during the last quarter. Howard Bailey Securities LLC purchased a new position in Nucor in the fourth quarter valued at about $842,000. Finally, Park Capital Management LLC WI purchased a new position in Nucor in the fourth quarter valued at about $202,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup reduced their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley lowered their target price on Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group raised their target price on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.13.

Nucor Stock Up 1.6 %

Shares of NUE stock opened at $137.75 on Monday. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The stock has a market cap of $32.34 billion, a PE ratio of 16.38 and a beta of 1.60. The business’s fifty day moving average is $124.89 and its 200-day moving average is $140.34. 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 issued its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the previous year, the firm posted $3.16 EPS. Equities analysts expect that Nucor Co. will post 7.88 earnings per share for the current fiscal year.

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 1.60%. Nucor’s dividend payout ratio (DPR) is currently 26.16%.

About Nucor

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.