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

Park Capital Management LLC WI bought a new position in Nucor Co. (NYSE:NUE) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,732 shares of the basic materials company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in shares of Nucor during the 3rd quarter worth $26,000. Coastline Trust Co bought a new position in shares of Nucor during the 3rd quarter worth $29,000. Crews Bank & Trust bought a new position in shares of Nucor during the 4th quarter worth $29,000. Brown Lisle Cummings Inc. bought a new position in shares of Nucor during the 3rd quarter worth $30,000. Finally, New Wave Wealth Advisors LLC bought a new position in shares of Nucor during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Trading Down 3.2 %

Nucor stock opened at $133.63 on Thursday. The stock has a 50-day moving average of $125.50 and a two-hundred day moving average of $140.71. 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 Co. has a one year low of $112.25 and a one year high of $203.00. The stock has a market cap of $31.38 billion, a PE ratio of 15.89 and a beta of 1.60.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping 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 period last year, the firm earned $3.16 EPS. On average, research analysts anticipate that Nucor Co. will post 7.88 EPS for the current fiscal year.

Nucor Increases Dividend

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

Wall Street Analysts Forecast Growth

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