SRS Capital Advisors Inc. Boosts Stock Holdings in Nucor Co. (NYSE:NUE)

SRS Capital Advisors Inc. boosted its stake in shares of Nucor Co. (NYSE:NUE) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,263 shares of the basic materials company’s stock after purchasing an additional 226 shares during the period. SRS Capital Advisors Inc.’s holdings in Nucor were worth $381,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NUE. Mizuho Securities USA LLC raised its stake in Nucor by 8,530.1% during the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock worth $239,819,000 after purchasing an additional 1,576,695 shares during the period. Pacer Advisors Inc. raised its stake in shares of Nucor by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock valued at $519,648,000 after acquiring an additional 571,682 shares during the period. Nordea Investment Management AB raised its stake in shares of Nucor by 25.6% in the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after acquiring an additional 358,721 shares during the period. State Street Corp raised its stake in shares of Nucor by 2.9% in the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock valued at $1,724,117,000 after acquiring an additional 326,181 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Nucor in the 3rd quarter valued at $46,731,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

NUE has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and issued a $156.00 target price (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Citigroup cut their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group initiated coverage on shares of Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price on the stock. Four equities research 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 stock. According to MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and an average price target of $163.13.

Nucor Stock Performance

Nucor stock opened at $133.94 on Tuesday. Nucor Co. has a 12-month low of $112.25 and a 12-month 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 company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The firm’s fifty day moving average price is $127.21 and its 200 day moving average price is $139.44.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share 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 company posted $3.16 earnings per share. On average, research analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders 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 yield of 1.64%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio is currently 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.