Big Money Not In Nucor Corp (NYSE:NUE), Sentiment at 0.9

June 27, 2018 - By Sarah North

Nucor Corporation (NYSE:NUE) Corporate Logo

Nucor Corp’s Sentiment

“Big money sentiment for Nucor Corp (NYSE:NUE) in Q1 2018 decreased to 0.9, revealed SEC filings. That’s down -0.03, from 2017Q4’s 0.93. 257 funds opened new or increased positions, while 286 sold and decreased stakes in Nucor Corp so the sentiment worsened. Funds own 242.18 million shares, 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.

Significant Nucor Corp Investors

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 looks positive on Nucor Corp, owning 210,257 shares.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally.The firm is worth $20.45 billion. 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 hit $64.29 during the last trading session after $0.17 change.Nucor Corporation has volume of 500,277 shares. Since June 27, 2017 NUE has risen 9.59% and is uptrending. NUE underperformed the S&P 500 by 2.98%.

Nucor Corporation (NYSE:NUE) is awaited to report earnings on July, 19., Faxor reports. The earnings per share diference is $0.69 or 69.00 % up from last years number. Previous year: $1; Analysts forcast: $1.69. NUE’s profit could hit $537.57M with 9.51 P/E in case $1.69 earnings per share is announced. Wall Street forecasts 44.44 % EPS growth as of July, 19.

Secor Advsrs L P holds 0.36% in Nucor Corporation (NYSE:NUE) or 72,243 shs. Baystate Wealth Mngmt Ltd Limited Liability Company reported 0% stake. State Of Alaska Department Of Revenue holds 39,817 shs or 0.05% of its capital. 23,700 were reported by Alpine Woods Cap Limited Company. 3,799 are owned by Synovus. Comerica Secs reported 0.69% in Nucor Corporation (NYSE:NUE). Macquarie Limited has 84,262 shs. Evercore Wealth Management Limited Liability Corporation reported 6,706 shs. San Francisco Sentry (Ca) accumulated 400 shs. Manchester Capital Llc holds 0.04% or 3,799 shs. The Massachusetts-based Panagora Asset Mngmt Incorporated has invested 0.01% in Nucor Corporation (NYSE:NUE). Retail Bank Of Mellon owns 4.52M shs. Paloma Prtnrs Management reported 21,634 shs or 0.02% of all its holdings. Pub Employees Retirement Of Ohio holds 0.04% in Nucor Corporation (NYSE:NUE) or 134,716 shs. National Bank & Trust Of Montreal Can has 0.02% invested in Nucor Corporation (NYSE:NUE) for 364,886 shs.

Nucor Corporation registered $8.25 million net activity with 0 insider purchases and 8 selling transactions since February 13, 2018. On Tuesday, February 13 $917,719 worth of Nucor Corporation (NYSE:NUE) was sold by FERRIOLA JOHN J. HALL LADD R had sold 39,037 shs worth $2.66 million on Monday, February 19. Topalian Leon J had sold 3,115 shs worth $202,411 on Thursday, June 21. 8,000 shs valued at $520,880 were sold by NAPOLITAN RAYMOND S JR on Monday, March 19. On Monday, February 19 Frias James D had sold 39,037 shs worth $2.67 million. On Friday, June 22 $961,405 worth of stock was sold by Keller Michael D.

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 Nucor Corp has $71.44 average target 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 Tuesday, February 6 Morgan Stanley maintained Nucor Corporation (NYSE:NUE) with “Equal-Weight” rating. On Wednesday, January 31 the stock has “Buy” rating by Credit Suisse. On Tuesday, April 17 the stock of Nucor Corporation (NYSE:NUE) earned “Equal-Weight” rating by Morgan Stanley. On Wednesday, February 7 the firm has “Buy” rating by Credit Suisse given. On Wednesday, January 31 the stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Jefferies. In Thursday, January 4 report Cowen & Co maintained the stock with “Hold” rating. On Monday, January 8 Bank of America maintained the shares of NUE in report with “Buy” rating. On Tuesday, January 30 the firm has “Hold” rating given by BMO Capital Markets. On Thursday, May 17 Macquarie Research upgraded Nucor Corporation (NYSE:NUE) to “Outperform” rating. On Tuesday, January 9 Jefferies maintained Nucor Corporation (NYSE:NUE) rating. Jefferies has “Buy” rating and $77.0 target.

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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