CoreFirst Bank & Trust Invests $372,000 in Nucor Co. (NYSE:NUE)

CoreFirst Bank & Trust acquired a new stake in Nucor Co. (NYSE:NUE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,184 shares of the basic materials company’s stock, valued at approximately $372,000.

Several other large investors have also bought and sold shares of the business. Widmann Financial Services Inc. lifted its stake in shares of Nucor by 4.0% in the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock valued at $271,000 after buying an additional 70 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Nucor by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company’s stock worth $3,111,000 after acquiring an additional 76 shares during the last quarter. TCI Wealth Advisors Inc. lifted its position in Nucor by 4.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Jessup Wealth Management Inc boosted its stake in Nucor by 0.9% during the 4th quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company’s stock valued at $1,229,000 after purchasing an additional 93 shares during the last quarter. Finally, Redwood Investment Management LLC increased its holdings in Nucor by 1.0% during the 3rd quarter. Redwood Investment Management LLC now owns 9,092 shares of the basic materials company’s stock worth $1,365,000 after purchasing an additional 94 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup dropped their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. UBS Group upgraded Nucor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $156.00 to $160.00 in a research note on Monday. Morgan Stanley upped their target price on shares of Nucor from $154.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nucor from $150.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.78.

Nucor Stock Performance

NYSE NUE opened at $127.54 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The company has a market capitalization of $29.40 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.58. Nucor Co. has a 52-week low of $112.25 and a 52-week high of $203.00. The company has a 50-day simple moving average of $130.75 and a 200 day simple moving average of $137.64.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 firm posted $3.16 EPS. On average, research analysts predict that Nucor Co. will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.73%. 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.