Lbp Am Sa Cuts Stake in Nucor Co. (NYSE:NUE)

Lbp Am Sa lessened its stake in Nucor Co. (NYSE:NUE) by 79.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,134 shares of the basic materials company’s stock after selling 8,439 shares during the quarter. Lbp Am Sa’s holdings in Nucor were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Widmann Financial Services Inc. raised its stake in shares of Nucor by 4.0% in the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 70 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in Nucor by 1.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock worth $696,000 after buying an additional 79 shares during the last quarter. TCI Wealth Advisors Inc. lifted its stake in Nucor by 4.4% during the 4th quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 91 shares during the period. Jessup Wealth Management Inc boosted its holdings in shares of Nucor by 0.9% during the 4th quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock valued at $1,229,000 after acquiring an additional 93 shares during the last quarter. Finally, Redwood Investment Management LLC grew its stake in shares of Nucor by 1.0% in the third quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock worth $1,365,000 after acquiring an additional 94 shares during the period. Institutional investors own 76.48% of the company’s stock.

Analysts Set New Price Targets

NUE has been the topic of several research reports. UBS Group restated a “neutral” rating and issued a $156.00 target price (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on shares of Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. Finally, Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Nucor Price Performance

NYSE NUE opened at $132.26 on Monday. 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 Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The stock has a market cap of $30.49 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.96 and a beta of 1.58. The company’s 50 day moving average is $129.75 and its two-hundred day moving average is $138.42.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating 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 previous year, the business posted $3.16 EPS. As a group, research analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

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 paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio (DPR) 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.