Caption Management LLC Takes Position in Nucor Co. (NYSE:NUE)

Caption Management LLC bought a new stake in shares of Nucor Co. (NYSE:NUE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,997 shares of the basic materials company's stock, valued at approximately $2,217,000.

Several other hedge funds also recently modified their holdings of the business. Voya Investment Management LLC raised its holdings in Nucor by 528.6% in the fourth quarter. Voya Investment Management LLC now owns 507,715 shares of the basic materials company's stock worth $59,235,000 after purchasing an additional 426,949 shares during the period. InvesTrust bought a new stake in shares of Nucor in the 4th quarter valued at $4,388,000. Stephens Inc. AR raised its stake in Nucor by 38.0% during the 4th quarter. Stephens Inc. AR now owns 8,455 shares of the basic materials company's stock worth $987,000 after buying an additional 2,327 shares during the period. Covea Finance bought a new position in Nucor during the fourth quarter worth about $5,836,000. Finally, Grace & White Inc. NY grew its stake in Nucor by 12.0% in the fourth quarter. Grace & White Inc. NY now owns 122,339 shares of the basic materials company's stock valued at $14,278,000 after acquiring an additional 13,100 shares during the period. Institutional investors own 76.48% of the company's stock.

Nucor Stock Down 0.2 %

Shares of NYSE:NUE traded down $0.19 during midday trading on Friday, reaching $115.30. The company had a trading volume of 1,715,212 shares, compared to its average volume of 2,092,643. Nucor Co. has a 1-year low of $97.59 and a 1-year high of $176.59. The stock has a market cap of $26.58 billion, a PE ratio of 13.71, a P/E/G ratio of 0.96 and a beta of 1.73. 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 business's 50 day moving average price is $119.05 and its 200 day moving average price is $129.50.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.15). Nucor had a return on equity of 9.85% and a net margin of 6.60%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the firm earned $3.46 EPS. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. Research analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

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 $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, March 31st. Nucor's dividend payout ratio (DPR) is presently 39.15%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NUE. The Goldman Sachs Group cut their price objective on Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley set a $164.00 price target on shares of Nucor in a report on Monday, March 24th. StockNews.com lowered shares of Nucor from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Argus set a $155.00 price objective on shares of Nucor in a research report on Wednesday, March 5th. Finally, UBS Group upgraded Nucor from a "neutral" rating to a "buy" rating and increased their target price for the stock from $156.00 to $160.00 in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

Insider Transactions at Nucor

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the transaction, the chief executive officer now owns 162,993 shares of the company's stock, valued at $19,590,128.67. The trade was a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

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.