Sei Investments Co. Decreases Holdings in Nucor Co. (NYSE:NUE)

Sei Investments Co. lowered its stake in shares of Nucor Co. ( NYSE:NUE – Free Report ) by 45.

7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,956 shares of the basic materials company’s stock after selling 32,727 shares during the period. Sei Investments Co.



’s holdings in Nucor were worth $4,546,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds have also recently modified their holdings of NUE. Crews Bank & Trust purchased a new stake in Nucor during the 4th quarter worth approximately $29,000.

New Wave Wealth Advisors LLC acquired a new stake in shares of Nucor in the fourth quarter valued at about $33,000. Versant Capital Management Inc lifted its stake in shares of Nucor by 60.3% in the fourth quarter.

Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock worth $35,000 after buying an additional 114 shares in the last quarter. Beacon Capital Management LLC lifted its stake in shares of Nucor by 29.1% in the fourth quarter.

Beacon Capital Management LLC now owns 417 shares of the basic materials company’s stock worth $49,000 after buying an additional 94 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Nucor during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 76.

48% of the company’s stock. Wall Street Analyst Weigh In A number of brokerages recently commented on NUE. Jefferies Financial Group lifted their price objective on Nucor from $125.

00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. StockNews.

com upgraded Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price target on shares of Nucor from $150.

00 to $156.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Citigroup lowered their price objective on Nucor from $240.

00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, UBS Group upgraded Nucor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $156.

00 to $160.00 in a research report on Monday, March 24th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company.

According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.44.

Nucor Stock Up 3.0 % Shares of NYSE:NUE opened at $123.29 on Thursday.

Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.

00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.

51 and a quick ratio of 1.48. The stock has a market cap of $28.

42 billion, a P/E ratio of 14.66, a P/E/G ratio of 0.96 and a beta of 1.

58. The firm has a fifty day moving average price of $130.82 and a 200 day moving average price of $136.

86. Nucor ( NYSE:NUE – Get Free Report ) last posted 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 in the previous year, the business posted $3.16 earnings per share. Sell-side analysts predict that Nucor Co.

will post 7.64 EPS for the current year. Nucor Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th.

Shareholders of record on Monday, March 31st will be paid a $0.55 dividend. The ex-dividend date is Monday, March 31st.

This represents a $2.20 annualized dividend and a yield of 1.78%.

Nucor’s dividend payout ratio is currently 26.16%. About Nucor ( Free Report ) 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. See Also Five stocks we like better than Nucor 2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Homebuilders in Freefall: Bargain Opportunity or Falling Knife? How to Use the MarketBeat Dividend Calculator The 3 Most Talked About Investments on WallStreetBets Right Now Health Care Stocks Explained: Why You Might Want to Invest Analyst Targets Signal More Growth in CrowdStrike Stock Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.

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