Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 5,213 Shares of Nucor Co. (NYSE:NUE)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Nucor Co. (NYSE:NUE) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,086 shares of the basic materials company’s stock after selling 5,213 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Nucor were worth $4,095,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Nucor during the 3rd quarter worth approximately $26,000. Coastline Trust Co bought a new position in Nucor during the third quarter valued at $29,000. Salomon & Ludwin LLC increased its position in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock worth $35,000 after buying an additional 72 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Nucor in the fourth quarter valued at $29,000. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Nucor during the 4th quarter valued at $33,000. Institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NUE shares. JPMorgan Chase & Co. decreased their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. UBS Group restated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Jefferies Financial Group lifted their price objective on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped 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. Four investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.13.

Nucor Stock Down 0.1 %

Shares of NYSE:NUE opened at $136.01 on Wednesday. The firm has a fifty day moving average price of $125.74 and a two-hundred day moving average price of $139.65. The company has a market cap of $31.94 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.96 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. Nucor Co. has a one year low of $112.25 and a one year high of $203.00.

Nucor (NYSE:NUE) last posted its quarterly earnings data 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 last year, the business earned $3.16 earnings per share. Analysts anticipate that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently disclosed 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. This represents a $2.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, March 31st. Nucor’s payout ratio is 26.16%.

Nucor Company 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.