Fidelis Capital Partners LLC Has $197,000 Position in Nucor Co. (NYSE:NUE)

Fidelis Capital Partners LLC reduced its position in shares of Nucor Co. (NYSE:NUE) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,687 shares of the basic materials company’s stock after selling 178 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Nucor were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NUE. DJE Kapital AG acquired a new position in Nucor in the 4th quarter valued at $302,000. SBI Securities Co. Ltd. acquired a new position in Nucor in the 4th quarter valued at $64,000. Jones Financial Companies Lllp raised its holdings in Nucor by 50.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,419 shares of the basic materials company’s stock valued at $632,000 after acquiring an additional 1,826 shares in the last quarter. Modera Wealth Management LLC raised its holdings in Nucor by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 9,979 shares of the basic materials company’s stock valued at $1,165,000 after acquiring an additional 242 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Nucor by 7.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,263 shares of the basic materials company’s stock valued at $381,000 after acquiring an additional 226 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group reaffirmed a “neutral” rating and issued a $156.00 price objective (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Citigroup dropped their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Jefferies Financial Group lifted their price target on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Nucor from $152.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Nucor has a consensus rating of “Moderate Buy” and an average target price of $163.13.

Nucor Trading Up 2.3 %

Shares of NUE stock opened at $132.51 on Thursday. The firm has a market capitalization of $31.11 billion, a P/E ratio of 15.76, a P/E/G 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 stock’s fifty day simple moving average is $127.75 and its 200 day simple moving average is $139.27.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share 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 quarter last year, the company posted $3.16 EPS. As a group, sell-side analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors 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 dividend on an annualized basis and a yield of 1.66%. Nucor’s dividend payout ratio is currently 26.16%.

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.