Dupont Capital Management Corp purchased a new stake in Nucor Co. (NYSE:NUE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,773 shares of the basic materials company’s stock, valued at approximately $176,000.

A number of other institutional investors have also added to or reduced their stakes in NUE. Cerebellum GP LLC purchased a new stake in Nucor in the fourth quarter valued at about $131,000. Benjamin F. Edwards & Company Inc. raised its stake in Nucor by 791.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,673 shares of the basic materials company’s stock valued at $150,000 after buying an additional 2,373 shares during the last quarter. Appleton Partners Inc. MA purchased a new stake in Nucor in the fourth quarter valued at about $204,000. Haverford Trust Co. purchased a new stake in Nucor in the third quarter valued at about $205,000. Finally, Rockland Trust Co. purchased a new stake in Nucor in the fourth quarter valued at about $206,000. Institutional investors own 74.33% of the company’s stock.

A number of equities research analysts have commented on NUE shares. ValuEngine upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Nucor from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Credit Suisse Group increased their price objective on Nucor from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $76.00 price objective on shares of Nucor in a report on Wednesday, January 31st. Finally, Cowen increased their price objective on Nucor from $57.00 to $63.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Nucor presently has a consensus rating of “Buy” and an average target price of $69.90.

In related news, EVP Robert J. Stratman sold 39,037 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $63.88, for a total transaction of $2,493,683.56. Following the sale, the executive vice president now directly owns 233,824 shares of the company’s stock, valued at $14,936,677.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

Shares of Nucor Co. (NYSE NUE) opened at $61.77 on Monday. The company has a market capitalization of $19,640.00, a PE ratio of 15.07, a P/E/G ratio of 1.05 and a beta of 1.56. Nucor Co. has a 1-year low of $51.67 and a 1-year high of $70.48. The company has a current ratio of 2.42, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Nucor (NYSE:NUE) last posted its earnings results on Tuesday, January 30th. The basic materials company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.55 by $0.10. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.86 billion. Nucor had a return on equity of 13.03% and a net margin of 6.58%. Nucor’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. analysts predict that Nucor Co. will post 4.92 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.46%. This is a positive change from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, December 28th. Nucor’s dividend payout ratio (DPR) is 37.07%.

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Nucor Company Profile

Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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