Park Capital Management LLC WI Makes New $202,000 Investment in Nucor Co. (NYSE:NUE)

Park Capital Management LLC WI purchased a new position in Nucor Co. (NYSE:NUE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,732 shares of the basic materials company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NUE. Exchange Traded Concepts LLC boosted its stake in Nucor by 1,060.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,390 shares of the basic materials company’s stock worth $359,000 after purchasing an additional 2,184 shares during the period. Creative Planning boosted its stake in Nucor by 0.8% in the 3rd quarter. Creative Planning now owns 109,174 shares of the basic materials company’s stock worth $16,413,000 after purchasing an additional 822 shares during the period. Swedbank AB boosted its stake in Nucor by 14.0% in the 3rd quarter. Swedbank AB now owns 209,925 shares of the basic materials company’s stock worth $31,560,000 after purchasing an additional 25,744 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Nucor by 3.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,480 shares of the basic materials company’s stock worth $974,000 after purchasing an additional 189 shares during the period. Finally, Touchstone Capital Inc. boosted its stake in Nucor by 6.4% in the 3rd quarter. Touchstone Capital Inc. now owns 26,697 shares of the basic materials company’s stock worth $4,014,000 after purchasing an additional 1,615 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Nucor Stock Performance

NYSE:NUE opened at $133.63 on Thursday. The stock’s fifty day moving average is $125.50 and its 200 day moving average is $140.71. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The firm has a market capitalization of $31.38 billion, a PE ratio of 15.89 and a beta of 1.60. 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 results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating 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 quarter last year, the firm posted $3.16 EPS. On average, sell-side analysts anticipate that Nucor Co. will post 7.88 earnings per share for the current year.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st were paid a $0.55 dividend. This is a positive change from Nucor’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.65%. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NUE shares. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group started coverage on Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. Citigroup decreased their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price objective on Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Morgan Stanley decreased their price objective on Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.13.

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.