Big Money Are Not Betting On Nucor Corp (NYSE:NUE), Sentiment at 0.9

June 27, 2018 - By Mary Bollinger

Nucor Corporation (NYSE:NUE) Corporate Logo

Positions for Nucor Corp (NYSE:NUE)

In 2018 Q1 Nucor Corp (NYSE:NUE) big money sentiment decreased to 0.9, SEC.gov filings reveal. That’s down -0.03, from 2017Q4’s 0.93. 257 institutional investors opened new or increased equity positions, while 286 cut down and sold their stock positions in Nucor Corp so the sentiment is negative. 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.

Largest Nucor Corp Investors

Rr Partners Lp owns 1.55 million shares in Nucor Corp as of 2018 Q1. Nucor Corp’s shareholder Wilsey Asset Management Inc owns 141,791 shares as of 2018 Q1. Further, Mader & Shannon Wealth Management Inc. reported 60,166 shares in Nucor Corp equivalent to 4.36% of its fund portfolio. 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 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.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.Currently Nucor Corporation is uptrending after 9.59% change in last June 27, 2017. NUE has 500,277 shares volume. NUE underperformed the S&P 500 by 2.98%.

Nucor Corporation (NYSE:NUE)’s quarterly earnings will be published on July, 19., RTT reports. Analysts predict 69.00 % diference or $1.69 from the $1 EPS from 2017. If earnings per share of $1.69 is published the profit of NUE could be $537.57 million giving it 9.51 P/E. Analysts at Wall Street see Nucor Corporation’s 44.44 % EPS growth compared to $1.17 earnings per share for previous quarter.

Stoneridge Ptnrs Lc reported 5,620 shs. Pnc Svcs Gru holds 179,800 shs or 0.01% of its capital. Liberty Mutual Gru Asset Mngmt holds 12,731 shs. Sigma Inv Counselors holds 37,667 shs or 0.31% of its capital. Chemical Bank & Trust has 9,217 shs for 0.06% of their capital. Fmr Ltd Liability Corporation has invested 0.02% in Nucor Corporation (NYSE:NUE). Huntington State Bank, Ohio-based fund reported 211,393 shs. Plante Moran Ltd invested 0.01% in Nucor Corporation (NYSE:NUE). New York State Teachers Retirement Sys owns 476,868 shs or 0.07% of their US capital. Van Eck Associate Corporation invested in 0.04% or 120,059 shs. Swiss Financial Bank holds 0.08% or 1.02 million shs. Price T Rowe Associate Md reported 0.07% in Nucor Corporation (NYSE:NUE). Fuller Thaler Asset Mgmt holds 1,100 shs or 0% of its capital. Moreover, Amp Capital has 0.04% invested in Nucor Corporation (NYSE:NUE) for 115,285 shs. E&G Advsr L P owns 0.28% invested in Nucor Corporation (NYSE:NUE) for 10,800 shs.

Nucor Corporation registered $8.25 million net activity with 0 insider purchases and 8 selling transactions since February 13, 2018. $2.66 million worth of Nucor Corporation (NYSE:NUE) shs were sold by HALL LADD R. NAPOLITAN RAYMOND S JR sold $520,880 worth of stock or 8,000 shs. $917,719 worth of stock was sold by FERRIOLA JOHN J on Tuesday, February 13. On Tuesday, May 1 HAYNES VICTORIA F sold $109,646 worth of Nucor Corporation (NYSE:NUE) or 1,800 shs. Topalian Leon J sold $202,411 worth of Nucor Corporation (NYSE:NUE) or 3,115 shs on Thursday, June 21. Keller Michael D sold 14,664 shs worth $961,405.

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”. Š¢herefore 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. On Thursday, May 17 the stock has “Outperform” rating by Macquarie Research. On Tuesday, April 17 the company was maintained by Morgan Stanley. On Tuesday, February 6 Morgan Stanley maintained Nucor Corporation (NYSE:NUE) with “Equal-Weight” rating. On Monday, January 8 the stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Bank of America. The stock rating was upgraded by Credit Suisse to “Buy” on Wednesday, February 7. On Tuesday, January 9 Jefferies maintained Nucor Corporation (NYSE:NUE) with “Buy” rating. On Wednesday, January 31 Credit Suisse maintained Nucor Corporation (NYSE:NUE) rating. Credit Suisse has “Buy” rating and $73.0 target. On Thursday, January 4 Cowen & Co maintained the shares of NUE in report with “Hold” rating. On Tuesday, January 30 BMO Capital Markets maintained Nucor Corporation (NYSE:NUE) with “Hold” rating. On Wednesday, January 31 the firm has “Buy” rating by Jefferies given.

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

Nucor Corporation (NYSE:NUE) Institutional Investors Chart

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