Nucor Co. (NYSE:NUE) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its holdings in Nucor Co. (NYSE:NUE) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,263 shares of the basic materials company’s stock after buying an additional 226 shares during the period. SRS Capital Advisors Inc.’s holdings in Nucor were worth $381,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Nucor by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,475 shares of the basic materials company’s stock valued at $171,000 after buying an additional 277 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Nucor by 37.4% in the 4th quarter. Bridges Investment Management Inc. now owns 2,401 shares of the basic materials company’s stock valued at $280,000 after buying an additional 653 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of Nucor by 41.3% in the 4th quarter. Jacobi Capital Management LLC now owns 3,406 shares of the basic materials company’s stock valued at $398,000 after buying an additional 995 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Nucor by 8.8% in the 4th quarter. Metis Global Partners LLC now owns 23,449 shares of the basic materials company’s stock valued at $2,737,000 after buying an additional 1,895 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Nucor by 6.7% in the 4th quarter. US Bancorp DE now owns 70,287 shares of the basic materials company’s stock valued at $8,203,000 after buying an additional 4,410 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Down 2.6 %

NUE stock opened at $133.94 on Tuesday. 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 $31.45 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. The firm’s 50-day moving average is $127.21 and its two-hundred day moving average is $139.44. 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 (NYSE:NUE) last released its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business posted $3.16 EPS. On average, analysts forecast that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given 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 1.64%. Nucor’s dividend payout ratio (DPR) is 26.16%.

Analyst Ratings Changes

Several research firms have recently commented on NUE. Morgan Stanley decreased their price target on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Citigroup cut their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group assumed coverage on shares of Nucor in a research report on Monday, December 2nd. They issued a “buy” rating and a $190.00 price objective on the stock. Four investment 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 company. According to data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average price target of $163.13.

Nucor 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.