Whittier Trust Co. of Nevada Inc. Buys 214 Shares of Nucor Co. (NYSE:NUE)

Whittier Trust Co. of Nevada Inc. increased its stake in shares of Nucor Co. (NYSE:NUE) by 82.0% during the fourth quarter, HoldingsChannel reports. The fund owned 475 shares of the basic materials company’s stock after acquiring an additional 214 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Nucor were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NUE. GSA Capital Partners LLP acquired a new stake in Nucor during the third quarter worth $239,000. Commerce Bank boosted its stake in Nucor by 4.9% during the third quarter. Commerce Bank now owns 16,344 shares of the basic materials company’s stock worth $2,457,000 after buying an additional 758 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Nucor by 9.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 55,512 shares of the basic materials company’s stock worth $8,346,000 after buying an additional 4,569 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Nucor by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,612,216 shares of the basic materials company’s stock worth $242,381,000 after buying an additional 45,467 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Nucor during the third quarter worth $428,000. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Down 5.8 %

Shares of NYSE:NUE opened at $122.02 on Monday. Nucor Co. has a 12 month low of $112.25 and a 12 month high of $203.00. The company’s 50-day moving average price is $130.65 and its two-hundred day moving average price is $137.72. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The firm has a market cap of $28.13 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUE) last issued its quarterly earnings data 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 last year, the company posted $3.16 EPS. As a group, research analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently announced 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 yield of 1.80%. Nucor’s payout ratio is presently 26.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NUE shares. The Goldman Sachs Group started coverage on shares of Nucor in a research note on Monday, December 2nd. They set a “buy” rating and a $190.00 price target on the stock. Morgan Stanley lifted their price target on shares of Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Argus set a $155.00 price target on shares of Nucor in a research note on Wednesday, March 5th. StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group upped their target price on shares of Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Four investment 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 company’s stock. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and an average target price of $164.33.

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.