WINTON GROUP Ltd Acquires New Holdings in Nucor Co. (NYSE:NUE)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in NUE. Cerity Partners LLC lifted its holdings in Nucor by 52.6% in the third quarter. Cerity Partners LLC now owns 19,985 shares of the basic materials company’s stock valued at $3,005,000 after buying an additional 6,885 shares during the period. Private Trust Co. NA increased its stake in Nucor by 29.1% in the third quarter. Private Trust Co. NA now owns 2,840 shares of the basic materials company’s stock valued at $427,000 after purchasing an additional 641 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of Nucor by 5.8% during the third quarter. Townsquare Capital LLC now owns 4,622 shares of the basic materials company’s stock valued at $695,000 after purchasing an additional 255 shares during the period. Cynosure Group LLC boosted its position in shares of Nucor by 7.7% during the 3rd quarter. Cynosure Group LLC now owns 2,573 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 185 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Nucor in the 3rd quarter valued at about $46,731,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Performance

NYSE:NUE 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 stock has a market cap of $29.41 billion, a P/E ratio of 15.17, a PEG ratio of 0.96 and a beta of 1.58. 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 business’s 50-day moving average price is $131.03 and its two-hundred day moving average price is $137.42.

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 analysts’ consensus estimates 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 in the prior year, the business earned $3.16 EPS. As a group, equities analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given 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 yield of 1.72%. Nucor’s payout ratio is 26.16%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NUE. The Goldman Sachs Group assumed coverage on shares of Nucor in a research note on Monday, December 2nd. They set a “buy” rating and a $190.00 price target for the company. JPMorgan Chase & Co. increased their price target on Nucor from $150.00 to $156.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. UBS Group upgraded 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. Citigroup lowered their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Argus set a $155.00 price target on shares of Nucor in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.78.

Nucor 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.