King Luther Capital Management Corp Has $1.26 Million Stake in Nucor Co. (NYSE:NUE)

King Luther Capital Management Corp increased its stake in Nucor Co. (NYSE:NUE) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,777 shares of the basic materials company’s stock after purchasing an additional 105 shares during the period. King Luther Capital Management Corp’s holdings in Nucor were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NUE. Widmann Financial Services Inc. grew its holdings in shares of Nucor by 4.0% during the 3rd quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 70 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Nucor by 1.7% in the third quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock valued at $696,000 after buying an additional 79 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in shares of Nucor by 4.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock worth $252,000 after buying an additional 91 shares during the last quarter. Jessup Wealth Management Inc increased its holdings in shares of Nucor by 0.9% during the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock worth $1,229,000 after buying an additional 93 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its stake in shares of Nucor by 1.0% in the 3rd quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock valued at $1,365,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Down 1.0 %

Shares of NYSE NUE opened at $129.51 on Friday. The company’s 50 day moving average price is $129.42 and its 200-day moving average price is $138.69. 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 Co. has a 52-week low of $112.25 and a 52-week high of $203.00. The company has a market capitalization of $29.86 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUE) last released its 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 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 forecast that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.70%. Nucor’s dividend payout ratio is currently 26.16%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NUE. JPMorgan Chase & Co. boosted their price objective on Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley boosted their price target on Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Jefferies Financial Group upped their price target on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $156.00 price target (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Four research 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

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.