Big Money Sentiment About Nucor Corp (NYSE:NUE) Dropped to 0.9

June 27, 2018 - By Rebecca Betts

Nucor Corporation (NYSE:NUE) Corporate Logo

“Big money” Positions

In Q1 2018 Nucor Corp (NYSE:NUE) big money sentiment decreased to 0.9, according to SEC.gov filings. So its down -0.03, from 2017Q4’s 0.93. 257 investment managers increased or started new stock positions, while 286 sold and reduced stakes in Nucor Corp so the sentiment is negative. These funds own 242.18 million shares, that’s down from 244.43 million shares in 2017Q4. Funds holding Nucor Corp in top 10 changed to 5 from 8 for a decrease of 3. In total 57 funds closed positions, 229 reduced and 172 increased. Also 85 funds bought new Nucor Corp stakes.

Most Nucor Corp Shareholders

As of Q1 2018 Rr Partners Lp has 7.31% invested in Nucor Corp. Nucor Corp’s shareholder Wilsey Asset Management Inc owns 141,791 shares as of Q1 2018. Mader & Shannon Wealth Management Inc. reported 60,166 shares. Beech Hill Advisors Inc. revealed 90,446 shares position in Nucor Corp. The New York-based fund Grace & White Inc Ny holds 210,257 shares or 2.64% of their equity exposure.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally.The company has $20.45 billion market cap. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials.15.71 is the P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

The stock increased 0.27% or $0.17 during the last trading session, reaching $64.29.Nucor Corporation has volume of 500,277 shares. Since June 27, 2017 NUE has risen 9.59% and is uptrending. NUE underperformed by 2.98% the S&P 500.

Earnings report for Nucor Corporation (NYSE:NUE) is anticipated on July, 19., as reported by Faxor. Analysts forecast 69.00 % diference or $1.69 from the $1 EPS from 2017. If EPS of $1.69 is revealed the profit of NUE could hit $537.57M giving it 9.51 P/E. Last quarter $1.17 EPS was reported. Analysts forecasts 44.44 % EPS growth this quarter.

Moreover, Tompkins Corporation has 0.01% invested in Nucor Corporation (NYSE:NUE). 47,872 were accumulated by Axa. United Automobile Association has invested 0.02% in Nucor Corporation (NYSE:NUE). Central Bankshares &, a Kentucky-based fund reported 1,381 shs. Gsa Cap Ptnrs Limited Liability Partnership has 0.05% invested in Nucor Corporation (NYSE:NUE) for 14,774 shs. Jump Trading Llc reported 5,357 shs. Verition Fund Management stated it has 39,139 shs or 0.18% of all its holdings. Fisher Asset Mgmt Ltd Com invested in 110,101 shs. Ledyard Bancorp invested in 4,920 shs or 0.04% of the stock. Destination Wealth Management stated it has 5,714 shs. Illinois-based Magnetar Finance Ltd Liability Co has invested 0.02% in Nucor Corporation (NYSE:NUE). Robeco Institutional Asset Bv holds 180,972 shs or 0.05% of its capital. Kingfisher Ltd Liability Corporation, North Carolina-based fund reported 16,446 shs. Pub Employees Retirement Association Of Colorado reported 57,586 shs. Meeder Asset invested in 7,209 shs or 0.04% of the stock.

Nucor Corporation registered $8.25 million net activity with 0 insider purchases and 8 sales since February 13, 2018. Shares for $2.66M were sold by HALL LADD R on Monday, February 19. On Tuesday, February 13 the insider FERRIOLA JOHN J sold $917,719. On Wednesday, March 7 the insider HAYNES VICTORIA F sold $207,347. NAPOLITAN RAYMOND S JR sold 8,000 shs worth $520,880. Another trade for 39,037 shs valued at $2.67 million was sold by Frias James D. Topalian Leon J had sold 3,115 shs worth $202,411.

Nucor Corporation (NYSE:NUE) Ratings Coverage

In total 9 analysts cover Nucor Corp (NYSE:NUE). “Buy” rating has 5, “Sell” are 0, while 4 are “Hold”. 56% are bullish. With $78 highest and $65 lowest target price Nucor Corp has $71.44 average target price or 11.12% above the current ($64.29) price. 12 are the (NYSE:NUE)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Wednesday, January 31 the stock has “Buy” rating by Credit Suisse. The stock rating was maintained by Jefferies with “Buy” on Tuesday, January 9. On Thursday, May 17 the stock has “Outperform” rating by Macquarie Research. On Tuesday, February 6 the stock has “Equal-Weight” rating by Morgan Stanley. On Monday, January 8 the firm earned “Buy” rating by Bank of America. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 17. On Wednesday, February 7 Credit Suisse upgraded the shares of NUE in report to “Buy” rating. The stock rating was maintained by BMO Capital Markets with “Hold” on Tuesday, January 30. On Thursday, January 4 Cowen & Co maintained the shares of NUE in report with “Hold” rating. On Wednesday, January 31 the rating was maintained by Jefferies with “Buy”.

There’s an important Nucor Corporation (NYSE:NUE) news brought out by Fool.com. It’s an item titled: “Is United States Steel Corporation a Buy?” on June 27, 2018.

Nucor Corporation (NYSE:NUE) Institutional Investors Chart

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