Jump Financial LLC Has $12.29 Million Position in Nucor Co. (NYSE:NUE)

Jump Financial LLC lifted its position in shares of Nucor Co. (NYSE:NUE) by 308.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,319 shares of the basic materials company’s stock after purchasing an additional 79,519 shares during the quarter. Jump Financial LLC’s holdings in Nucor were worth $12,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Nucor by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 5,967,254 shares of the basic materials company’s stock worth $701,255,000 after acquiring an additional 105,309 shares during the period. Norges Bank acquired a new stake in Nucor during the fourth quarter valued at approximately $398,077,000. Invesco Ltd. grew its stake in shares of Nucor by 18.7% in the 4th quarter. Invesco Ltd. now owns 2,435,265 shares of the basic materials company’s stock valued at $284,220,000 after purchasing an additional 384,205 shares during the period. Nordea Investment Management AB raised its holdings in shares of Nucor by 25.6% in the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock worth $205,282,000 after buying an additional 358,721 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Nucor by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,680,468 shares of the basic materials company’s stock worth $196,127,000 after buying an additional 68,252 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Nucor Price Performance

Shares of NYSE NUE opened at $110.84 on Tuesday. The company has a fifty day moving average price of $127.09 and a 200 day moving average price of $134.17. The firm has a market cap of $25.55 billion, a PE ratio of 13.18, a PEG ratio of 0.96 and a beta of 1.67. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. Nucor Co. has a 1-year low of $97.59 and a 1-year high of $197.79.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $3.16 earnings per share. Research analysts predict that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a $0.55 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.98%. Nucor’s dividend payout ratio is 26.16%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NUE. Jefferies Financial Group upped their target price on shares of Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. UBS Group raised shares of Nucor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $156.00 to $160.00 in a report on Monday, March 24th. StockNews.com downgraded Nucor from a “hold” rating to a “sell” rating in a report on Monday, April 7th. The Goldman Sachs Group cut their price objective on Nucor from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Finally, Argus set a $155.00 target price on Nucor in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.11.

About Nucor

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.