Nucor Corp (NYSE:NUE) Sentiment Change Report at 0.9

June 27, 2018 - By Edith Ladford

Nucor Corporation (NYSE:NUE) Corporate Logo

Positions for Nucor Corp (NYSE:NUE)

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

Biggest Nucor Corp Shareholders

As of 2018 Q1 Rr Partners Lp has 7.31% invested in Nucor Corp. Nucor Corp’s shareholder Wilsey Asset Management Inc owns 141,791 shares as of 2018 Q1. Mader & Shannon Wealth Management Inc. reported 60,166 shares. The New York-based fund Beech Hill Advisors Inc. have invested about 2.91% of the investment manager’s stock portfolio in Nucor Corp. The New York-based fund Grace & White Inc Ny holds 210,257 shares or 2.64% of their fund portfolio.

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.The P/E ratio is 15.71. 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.

NUE is hitting $64.29 during the last trading session, after increased 0.27%.Nucor Corporation has volume of 500,277 shares. Since June 27, 2017 NUE has risen 9.59% and is uptrending. NUE underperformed the S&P500 by 2.98%.

Investors wait Nucor Corporation (NYSE:NUE)’s quarterly earnings on July, 19., as reported by RTT. earnings per share of $1.69 is 69.00 % up from 2017’s $1 EPS. This could reach $537.57M profit for NUE assuming the current $1.69 earnings per share will become reality. Analysts at Wall Street see Nucor Corporation’s 44.44 % EPS growth compared to $1.17 earnings per share for previous quarter.

Quantbot Tech L P stated it has 0.17% in Nucor Corporation (NYSE:NUE). Bender Robert And stated it has 0.18% in Nucor Corporation (NYSE:NUE). Willingdon Wealth reported 30,464 shs. Mcmillion Cap Incorporated has invested 1.75% in Nucor Corporation (NYSE:NUE). Glenmede Com Na has invested 0.02% in Nucor Corporation (NYSE:NUE). Sigma Planning accumulated 0.02% or 3,686 shs. North Star Invest Mgmt holds 0.01% or 1,594 shs. Stephens Ar stated it has 0.05% of its capital in Nucor Corporation (NYSE:NUE). Kingfisher Lc owns 16,446 shs or 0.64% of their US capital. Verity Asset Mngmt invested in 0.43% or 7,806 shs. Catawba Mgmt Va accumulated 53,578 shs. Moreover, Ntv Asset Mgmt Limited Liability has 0.07% invested in Nucor Corporation (NYSE:NUE). Northern Trust has 0.08% invested in Nucor Corporation (NYSE:NUE). Norinchukin Savings Bank The has 29,131 shs for 0.03% of their capital. Numerixs Inv Techs reported 4,185 shs.

Nucor Corporation registered $8.25 million net activity with 0 insider purchases and 8 selling transactions since February 13, 2018. Shares for $917,719 were sold by FERRIOLA JOHN J. On Monday, February 19 39,037 shs were sold by HALL LADD R, worth $2.66 million. $202,411 worth of Nucor Corporation (NYSE:NUE) shs were sold by Topalian Leon J. On Monday, February 19 Frias James D also sold $2.67M worth of Nucor Corporation (NYSE:NUE). HAYNES VICTORIA F sold $207,347 worth of Nucor Corporation (NYSE:NUE) or 3,000 shs on Wednesday, March 7. On Friday, June 22 Keller Michael D sold $961,405 worth of Nucor Corporation (NYSE:NUE).

Nucor Corporation (NYSE:NUE) Ratings Coverage

A total of 9 analysts rate Nucor Corp (NYSE:NUE) as follows: 5 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 56% are bullish. The firm has $78 highest and $65 lowest target. The avg target $71.44 is 11.12% above the last ($64.29) price. (NYSE:NUE) has 12 ratings reports on 27 Jun 2018 according to StockzIntelligence. The stock rating was maintained by BMO Capital Markets with “Hold” on Tuesday, January 30. In Tuesday, February 6 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Wednesday, February 7 Credit Suisse upgraded the shares of NUE in report to “Buy” rating. On Wednesday, January 31 the company was maintained by Jefferies. On Thursday, January 4 the company was maintained by Cowen & Co. On Wednesday, January 31 the rating was maintained by Credit Suisse with “Buy”. On Tuesday, January 9 the stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Jefferies. In Monday, January 8 report Bank of America maintained it with “Buy” rating and $75.0 target. On Tuesday, April 17 Morgan Stanley maintained Nucor Corporation (NYSE:NUE) rating. Morgan Stanley has “Equal-Weight” rating and $73 target. On Thursday, May 17 the rating was upgraded by Macquarie Research to “Outperform”.

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

Nucor Corporation (NYSE:NUE) Institutional Investors Chart

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