2,161 Shares in Nucor Co. (NYSE:NUE) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new stake in Nucor Co. (NYSE:NUE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,161 shares of the basic materials company’s stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in Nucor by 2.9% in the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock valued at $1,724,117,000 after purchasing an additional 326,181 shares in the last quarter. Geode Capital Management LLC increased its stake in Nucor by 1.3% in the third quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock valued at $883,732,000 after purchasing an additional 74,569 shares in the last quarter. Nordea Investment Management AB increased its stake in Nucor by 25.6% in the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after purchasing an additional 358,721 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Nucor by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,468 shares of the basic materials company’s stock valued at $196,127,000 after purchasing an additional 68,252 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Nucor by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,679,176 shares of the basic materials company’s stock valued at $195,977,000 after purchasing an additional 104,238 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor Stock Down 5.8 %

Nucor stock opened at $122.02 on Friday. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The stock has a market cap of $28.13 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. The firm’s 50-day simple moving average is $130.65 and its 200 day simple moving average is $137.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51.

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 period in the previous year, the business earned $3.16 EPS. Research analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders 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 yield of 1.80%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s payout ratio is 26.16%.

Wall Street Analyst Weigh In

NUE has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Morgan Stanley lifted their price objective on shares of Nucor from $154.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, March 7th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, UBS Group reiterated a “neutral” rating and set a $156.00 price objective (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus price target of $164.33.

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.