Mork Capital Management LLC acquired a new position in shares of Nucor Co. (NYSE:NUE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,500 shares of the basic materials company’s stock, valued at approximately $985,000.
Other large investors have also recently bought and sold shares of the company. Krilogy Financial LLC increased its stake in Nucor by 4,594.6% during the 2nd quarter. Krilogy Financial LLC now owns 1,737 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,700 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Nucor during the 4th quarter worth approximately $131,000. Benjamin F. Edwards & Company Inc. increased its stake in Nucor by 791.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,673 shares of the basic materials company’s stock worth $150,000 after buying an additional 2,373 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Nucor during the 4th quarter worth approximately $176,000. Finally, Checchi Capital Advisers LLC purchased a new stake in Nucor during the 4th quarter worth approximately $200,000. Institutional investors own 74.33% of the company’s stock.
Nucor Co. (NUE) opened at $62.82 on Monday. Nucor Co. has a twelve month low of $51.67 and a twelve month high of $70.48. The company has a market capitalization of $20,420.00, a P/E ratio of 15.67, a P/E/G ratio of 1.07 and a beta of 1.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.42 and a quick ratio of 1.19.
Nucor (NYSE:NUE) last released its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.10. Nucor had a return on equity of 13.03% and a net margin of 6.58%. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue was up 28.7% compared to the same quarter last year. equities analysts anticipate that Nucor Co. will post 5.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.42%. This is a boost from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 28th. Nucor’s dividend payout ratio is 37.07%.
In other Nucor news, EVP Robert J. Stratman sold 39,037 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 233,824 shares in the company, valued at $14,936,677.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.
NUE has been the subject of several research reports. Longbow Research upgraded Nucor from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. ValuEngine upgraded Nucor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Bank of America lowered their target price on Nucor from $73.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, October 20th. Citigroup set a $66.00 target price on Nucor and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Jefferies Group restated a “buy” rating and set a $77.00 target price on shares of Nucor in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.37.
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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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