Nucor Corp Big Money Sentiment Dropped in Q1 2018 touching 0.9

June 27, 2018 - By Gregory Tomko

Nucor Corporation (NYSE:NUE) Corporate Logo

“Big money” Positions

In 2018 Q1 Nucor Corp (NYSE:NUE) big money sentiment decreased to 0.9, according to SEC.gov filings. That’s down -0.03, from 2017Q4’s 0.93. 257 hedge funds started new and increased holdings, while 286 sold and reduced equity positions in Nucor Corp so the sentiment fall. 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. 57 Investors Sold All; 229 Reduced Holdings; 172 increased holdings while 85 hedge funds bought holdings.

Most Nucor Corp Shareholders

Rr Partners Lp owns 1.55 million shares in Nucor Corp as of 2018 Q1. As of 2018 Q1, 141,791 shares of Nucor Corp are owned by Wilsey Asset Management Inc. 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 institutional investor’s stock portfolio in Nucor Corp. The New York-based fund Grace & White Inc Ny holds 210,257 shares or 2.64% of their US long equity exposure.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally.The firm is valued at $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.

Ticker’s shares touched $64.29 during the last trading session after 0.27% change.Nucor Corporation has volume of 500,277 shares. Since June 27, 2017 NUE has risen 9.59% and is uptrending. The stock underperformed the S&P 500 by 2.98%.

Nucor Corporation (NYSE:NUE)’s earnings report is expected on July, 19., according to Zacks. Analysts have expectation on stock’s earnings per share of $1.69. That’s up 69.00 % from last year’s $1 earnings per share. NUE’s profit could reach $537.57 million if the current earnings per share of $1.69 is accurate. Analysts at Wall Street see Nucor Corporation’s 44.44 % EPS growth compared to $1.17 earnings per share for previous quarter.

Raab Moskowitz Asset Ltd Liability holds 3,592 shs. New York-based Alpine Woods Capital Invsts Ltd Liability Co has invested 0.08% in Nucor Corporation (NYSE:NUE). Moreover, Northeast Finance Consultants Inc has 0.17% invested in Nucor Corporation (NYSE:NUE). Hudock Cap Grp Limited Liability Corporation invested in 0% or 89 shs. Bronson Point Mngmt Limited Liability Co reported 40,000 shs. World Asset owns 22,978 shs for 0.07% of their capital. Fairfield Bush Com invested in 0.1% or 5,475 shs. 73,921 were accumulated by Envestnet Asset Incorporated. Dnb Asset As holds 43,798 shs. Quantbot Techs Limited Partnership holds 32,476 shs. Deltec Asset Mngmt Ltd Liability Company invested in 6,000 shs. Pictet Asset Mngmt reported 189,786 shs. Timber Hill Ltd Liability Corporation holds 15,568 shs or 0.15% of its capital. Mader And Shannon Wealth Management Inc holds 60,166 shs. Art Advisors Lc owns 5,400 shs.

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

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. On Tuesday, January 30 BMO Capital Markets maintained Nucor Corporation (NYSE:NUE) rating. BMO Capital Markets has “Hold” rating and $72.0 target. On Tuesday, January 9 Jefferies maintained the shares of NUE in report with “Buy” rating. On Wednesday, January 31 the company was maintained by Credit Suisse. On Thursday, May 17 the stock has “Outperform” rating by Macquarie Research. On Wednesday, February 7 the rating was upgraded by Credit Suisse to “Buy”. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, February 6. On Monday, January 8 the firm earned “Buy” rating by Bank of America. In Thursday, January 4 report Cowen & Co maintained the stock with “Hold” rating. On Tuesday, April 17 the company was maintained by Morgan Stanley. On Wednesday, January 31 the company was maintained by Jefferies.

There’s a substantial Nucor Corporation (NYSE:NUE) news posted 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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