Natixis Has $623,000 Stock Holdings in Nucor Co. (NYSE:NUE)

Natixis raised its position in Nucor Co. (NYSE:NUE) by 1,761.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,146 shares of the basic materials company’s stock after acquiring an additional 2,977 shares during the period. Natixis’ holdings in Nucor were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NUE. Criterion Capital Advisors LLC bought a new position in Nucor in the fourth quarter worth $25,000. Rise Advisors LLC bought a new stake in Nucor in the first quarter valued at about $27,000. Chilton Capital Management LLC raised its position in Nucor by 94.2% in the first quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 65 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Nucor during the first quarter worth about $28,000. Finally, Tompkins Financial Corp boosted its holdings in Nucor by 208.0% during the first quarter. Tompkins Financial Corp now owns 154 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NUE. Jefferies Financial Group started coverage on Nucor in a report on Monday, May 20th. They issued a “hold” rating and a $190.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Nucor from $180.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. BMO Capital Markets dropped their target price on shares of Nucor from $185.00 to $175.00 and set a “market perform” rating for the company in a research report on Monday, June 17th. StockNews.com cut shares of Nucor from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, Bank of America cut their target price on shares of Nucor from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $191.29.

Nucor Trading Up 0.3 %

Shares of NUE stock traded up $0.46 during trading hours on Friday, reaching $157.48. The company had a trading volume of 73,111 shares, compared to its average volume of 1,468,287. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 2.48. Nucor Co. has a 1-year low of $140.07 and a 1-year high of $203.00. The company has a 50 day moving average of $160.69 and a 200 day moving average of $175.66. The firm has a market cap of $37.76 billion, a price-to-earnings ratio of 9.23 and a beta of 1.57.

Nucor (NYSE:NUE) last issued its earnings results on Monday, July 22nd. The basic materials company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.37. The firm had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.69 billion. Nucor had a return on equity of 15.69% and a net margin of 10.45%. The company’s revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.81 earnings per share. On average, equities research analysts anticipate that Nucor Co. will post 10.68 EPS for the current year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, June 28th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, June 28th. Nucor’s payout ratio is presently 12.71%.

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.