Rothschild Investment LLC Purchases 1,661 Shares of Nucor Co. (NYSE:NUE)

Rothschild Investment LLC raised its position in shares of Nucor Co. (NYSE:NUE) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,439 shares of the basic materials company’s stock after purchasing an additional 1,661 shares during the quarter. Rothschild Investment LLC’s holdings in Nucor were worth $4,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NUE. Ashton Thomas Securities LLC bought a new stake in Nucor during the 3rd quarter valued at about $26,000. Coastline Trust Co bought a new stake in Nucor during the 3rd quarter valued at about $29,000. Crews Bank & Trust bought a new stake in shares of Nucor in the fourth quarter worth approximately $29,000. New Wave Wealth Advisors LLC bought a new stake in shares of Nucor in the fourth quarter worth approximately $33,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 72 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NUE has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 price target for the company. Jefferies Financial Group lifted their price target on shares of Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley reduced their price target on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group reissued a “neutral” rating and issued a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.13.

Nucor Trading Down 3.4 %

NUE stock opened at $135.19 on Monday. The stock has a market capitalization of $31.74 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. 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 $125.19 and its two-hundred day simple moving average is $139.78.

Nucor (NYSE:NUE) last issued its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $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 Announces Dividend

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 paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

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.