American Century Companies Inc. Has $35.56 Million Stock Holdings in Nucor Co. (NYSE:NUE)

American Century Companies Inc. increased its position in Nucor Co. (NYSE:NUE) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 304,674 shares of the basic materials company’s stock after purchasing an additional 25,127 shares during the quarter. American Century Companies Inc. owned approximately 0.13% of Nucor worth $35,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB boosted its position in Nucor by 25.6% during the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock worth $205,282,000 after purchasing an additional 358,721 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Nucor during the 4th quarter worth about $38,714,000. State Street Corp boosted its holdings 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 worth $1,724,117,000 after buying an additional 326,181 shares during the period. OFI Invest Asset Management acquired a new position in Nucor in the 4th quarter valued at about $25,906,000. Finally, National Bank of Canada FI raised its holdings in Nucor by 315.8% in the 3rd quarter. National Bank of Canada FI now owns 296,851 shares of the basic materials company’s stock valued at $44,629,000 after acquiring an additional 225,450 shares during the period. Institutional investors own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

NUE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Citigroup reduced their price target on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group began coverage on Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. Argus set a $155.00 target price on shares of Nucor in a research report on Wednesday, March 5th. Finally, UBS Group raised shares of Nucor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $156.00 to $160.00 in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a hold rating, six have given 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 target price of $164.44.

Nucor Trading Down 4.4 %

NUE opened at $121.90 on Friday. The stock has a market capitalization of $28.10 billion, a price-to-earnings ratio of 14.50, 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. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00. The company has a 50-day simple moving average of $130.98 and a 200 day simple moving average of $137.29.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (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 quarter last year, the business posted $3.16 EPS. Analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. 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.