Achmea Investment Management B.V. Reduces Position in Nucor Co. (NYSE:NUE)

Achmea Investment Management B.V. lessened its stake in shares of Nucor Co. (NYSE:NUE) by 90.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,438 shares of the basic materials company’s stock after selling 58,495 shares during the quarter. Achmea Investment Management B.V.’s holdings in Nucor were worth $752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NUE. Coastline Trust Co bought a new position in shares of Nucor during the third quarter valued at approximately $29,000. Crews Bank & Trust bought a new position in shares of Nucor during the fourth quarter valued at approximately $29,000. New Wave Wealth Advisors LLC bought a new position in shares of Nucor during the fourth quarter valued at approximately $33,000. Versant Capital Management Inc raised its holdings in shares of Nucor by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 114 shares in the last quarter. Finally, Beacon Capital Management LLC raised 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 valued at $49,000 after acquiring an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Trading Up 2.1 %

NYSE NUE opened at $132.26 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The stock has a market cap of $30.49 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.96 and a beta of 1.58. The stock’s fifty day moving average price is $129.75 and its 200-day moving average price is $138.48.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 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 earned $3.16 EPS. As a group, equities analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.66%. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NUE shares. Argus set a $155.00 target price on Nucor in a report on Wednesday, March 5th. The Goldman Sachs Group started coverage on Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 target price for the company. UBS Group reiterated a “neutral” rating and issued a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Morgan Stanley increased their price objective on Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.33.

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.