Norinchukin Bank The Has $1.35 Million Holdings in Nucor Co. (NYSE:NUE)

Norinchukin Bank The raised its holdings in Nucor Co. (NYSE:NUE) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,546 shares of the basic materials company’s stock after buying an additional 1,276 shares during the period. Norinchukin Bank The’s holdings in Nucor were worth $1,348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NUE. Horrell Capital Management Inc. boosted its position in Nucor by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company’s stock worth $3,111,000 after purchasing an additional 76 shares during the period. TCI Wealth Advisors Inc. boosted its stake in Nucor by 4.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock valued at $252,000 after purchasing an additional 91 shares during the period. Jessup Wealth Management Inc grew its stake in shares of Nucor by 0.9% in the fourth 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 in the last quarter. Beacon Capital Management LLC raised its stake in Nucor by 29.1% in the 4th quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 94 shares in the last quarter. Finally, Zhang Financial LLC raised its position in shares of Nucor by 1.9% in the fourth quarter. Zhang Financial LLC now owns 5,284 shares of the basic materials company’s stock valued at $617,000 after buying an additional 99 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Up 1.5 %

Shares of NUE opened at $110.62 on Monday. The company has a market capitalization of $25.50 billion, a PE ratio of 13.15, a PEG ratio of 0.96 and a beta of 1.67. The stock’s 50-day moving average price is $125.13 and its two-hundred day moving average price is $133.02. 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 $97.59 and a 12 month high of $193.61.

Nucor (NYSE:NUE) last announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period in the previous year, the firm earned $3.16 EPS. On average, analysts anticipate that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NUE shares. UBS Group upgraded Nucor from a “neutral” rating to a “buy” rating and upped their target price for the company from $156.00 to $160.00 in a research report on Monday, March 24th. Argus set a $155.00 target price on Nucor in a report on Wednesday, March 5th. Jefferies Financial Group lifted their price target on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Nucor from $156.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their price target on Nucor from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.33.

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.