Bank of Jackson Hole Trust Invests $53,000 in Nucor Co. (NYSE:NUE)

Bank of Jackson Hole Trust purchased a new position in shares of Nucor Co. (NYSE:NUE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 450 shares of the basic materials company’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NUE. Kentucky Retirement Systems Insurance Trust Fund increased its position in Nucor by 60.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 11,269 shares of the basic materials company’s stock valued at $1,315,000 after acquiring an additional 4,242 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Nucor by 2.3% during the 4th quarter. CIBC Asset Management Inc now owns 35,988 shares of the basic materials company’s stock worth $4,200,000 after acquiring an additional 809 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Nucor by 10.0% during the 4th quarter. Principal Financial Group Inc. now owns 314,037 shares of the basic materials company’s stock worth $36,651,000 after acquiring an additional 28,622 shares in the last quarter. Strategic Advisors LLC boosted its stake in shares of Nucor by 31.2% during the 4th quarter. Strategic Advisors LLC now owns 5,584 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 1,329 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Nucor by 65.9% during the 4th quarter. Allworth Financial LP now owns 1,375 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 546 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Price Performance

NUE opened at $139.85 on Thursday. The stock has a market cap of $32.84 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.95 and a beta of 1.60. Nucor Co. has a 1 year low of $112.25 and a 1 year high of $203.00. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $124.79 and a 200 day moving average price of $139.99.

Nucor (NYSE:NUE) last posted its 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 company earned $3.16 EPS. Analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.57%. Nucor’s dividend payout ratio (DPR) is currently 26.16%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup decreased their target price on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Jefferies Financial Group raised their target price on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on Nucor in a research report on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price for the company. Morgan Stanley decreased their target price on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.13.

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.