Vectors Research Management LLC Has $204,000 Stock Holdings in Nucor Co. (NYSE:NUE)

Vectors Research Management LLC reduced its holdings in shares of Nucor Co. (NYSE:NUE) by 13.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,745 shares of the basic materials company’s stock after selling 271 shares during the quarter. Vectors Research Management LLC’s holdings in Nucor were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in Nucor during the 4th quarter worth about $29,000. New Wave Wealth Advisors LLC acquired a new position in Nucor during the fourth quarter valued at approximately $33,000. Versant Capital Management Inc grew its stake in Nucor by 60.3% in the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 114 shares in the last quarter. Beacon Capital Management LLC raised its stake in shares of Nucor by 29.1% during 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, Millstone Evans Group LLC acquired a new stake in shares of Nucor in the 4th quarter valued at approximately $50,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Stock Up 1.5 %

Shares of NUE opened at $110.62 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. The stock has a market capitalization of $25.50 billion, a PE ratio of 13.15, a P/E/G ratio of 0.96 and a beta of 1.67. The firm’s 50 day moving average is $125.13 and its 200-day moving average is $133.02. Nucor Co. has a 12 month low of $97.59 and a 12 month high of $193.61.

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 return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the prior year, the business posted $3.16 earnings per share. Equities research analysts forecast 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. 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 annualized dividend and a yield of 1.99%. Nucor’s dividend payout ratio is currently 26.16%.

Analyst Upgrades and Downgrades

A number of analysts have commented on NUE shares. JPMorgan Chase & Co. cut their price target 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. The Goldman Sachs Group reduced their price target on Nucor from $175.00 to $169.00 and set a “buy” rating for the company in a report on Monday, April 7th. Argus set a $155.00 price objective on Nucor in a research note on Wednesday, March 5th. UBS Group raised Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $156.00 to $160.00 in a report on Monday, March 24th. Finally, Morgan Stanley set a $164.00 price objective on shares of Nucor in a research report on Monday, March 24th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued 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 $160.33.

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.