WINTON GROUP Ltd Invests $1.26 Million in Nucor Co. (NYSE:NUE)

WINTON GROUP Ltd purchased a new stake in Nucor Co. (NYSE:NUE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,771 shares of the basic materials company’s stock, valued at approximately $1,257,000.

A number of other hedge funds have also added to or reduced their stakes in NUE. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Nucor by 7.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 417,695 shares of the basic materials company’s stock valued at $48,223,000 after purchasing an additional 30,432 shares during the period. Heritage Wealth Advisors grew its stake in shares of Nucor by 6.4% in the fourth quarter. Heritage Wealth Advisors now owns 2,269 shares of the basic materials company’s stock worth $265,000 after acquiring an additional 136 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Nucor by 2.2% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,721 shares of the basic materials company’s stock valued at $2,885,000 after purchasing an additional 527 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of Nucor by 70.8% during the fourth quarter. Modern Wealth Management LLC now owns 2,976 shares of the basic materials company’s stock valued at $347,000 after buying an additional 1,234 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of Nucor in the fourth quarter worth $372,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Trading Up 0.2 %

NUE stock opened at $127.57 on Friday. Nucor Co. has a twelve month low of $112.25 and a twelve month high of $203.00. 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 firm’s fifty day simple moving average is $131.03 and its two-hundred day simple moving average is $137.42. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same period in the previous year, the business posted $3.16 earnings per share. As a group, analysts anticipate that Nucor Co. will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.72%. Nucor’s dividend payout ratio is currently 26.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on NUE. The Goldman Sachs Group started coverage on shares of Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective for the company. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley boosted their price target on Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, UBS Group upgraded shares of Nucor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $156.00 to $160.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.78.

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.