Waterway Wealth Management LLC Grows Stake in Nucor Co. (NYSE:NUE)

Waterway Wealth Management LLC boosted its stake in Nucor Co. (NYSE:NUE) by 21.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,554 shares of the basic materials company’s stock after purchasing an additional 814 shares during the quarter. Waterway Wealth Management LLC’s holdings in Nucor were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Nucor in the 3rd quarter worth approximately $26,000. Coastline Trust Co purchased a new position in shares of Nucor in the third quarter valued at $29,000. Crews Bank & Trust purchased a new position in shares of Nucor in the fourth quarter valued at $29,000. New Wave Wealth Advisors LLC purchased a new position in shares of Nucor in the 4th quarter worth $33,000. Finally, Versant Capital Management Inc increased its holdings in shares of Nucor by 60.3% in the 4th quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock worth $35,000 after buying an additional 114 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor Trading Up 0.1 %

NYSE:NUE opened at $134.73 on Friday. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The business’s 50-day moving average is $126.44 and its two-hundred day moving average is $139.58. 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 has a market capitalization of $31.64 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Nucor (NYSE:NUE) last posted its 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 previous year, the company earned $3.16 EPS. Research analysts predict that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is 26.16%.

Analysts Set New Price Targets

NUE has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. 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. UBS Group reaffirmed 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. StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price target on Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.