Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Reduces Stock Holdings in Nucor Co. (NYSE:NUE)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its holdings in Nucor Co. (NYSE:NUE) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,439 shares of the basic materials company’s stock after selling 108 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Nucor were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in Nucor during the third quarter valued at $26,000. Coastline Trust Co purchased a new position in Nucor during the third quarter valued at $29,000. Crews Bank & Trust purchased a new position in Nucor during the fourth quarter valued at $29,000. New Wave Wealth Advisors LLC purchased a new position in Nucor during the fourth quarter valued at $33,000. Finally, Versant Capital Management Inc lifted its position in Nucor by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

NUE has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. JPMorgan Chase & Co. raised their price target on Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group raised their price target on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Nucor Price Performance

NYSE NUE opened at $131.21 on Thursday. Nucor Co. has a one year low of $112.25 and a one year high of $203.00. The stock has a 50-day moving average of $129.12 and a 200 day moving average of $138.76. The company has a market capitalization of $30.25 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.96 and a beta of 1.58. 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 quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period in the prior year, the business posted $3.16 earnings per share. On average, sell-side analysts forecast that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.68%. Nucor’s payout ratio is 26.16%.

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.