How Analysts Feel About Nucor Corporation (NYSE:NUE)?

February 23, 2018 - By Adrian Erickson

 How Analysts Feel About Nucor Corporation (NYSE:NUE)?
Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.35, from 1.24 in 2017Q2. It dropped, as 62 investors sold Nucor Corporation shares while 223 reduced holdings. 59 funds opened positions while 196 raised stakes. 232.46 million shares or 1.40% less from 235.76 million shares in 2017Q2 were reported.
Valley Advisers accumulated 0.07% or 3,550 shares. Fisher Asset Management Limited Liability reported 87,646 shares. Investment Centers Of America invested in 0.4% or 96,767 shares. M&T Retail Bank Corp holds 0.03% of its portfolio in Nucor Corporation (NYSE:NUE) for 114,121 shares. Employees Retirement Sys Of Texas holds 194,000 shares. Tiverton Asset Mngmt Limited, Delaware-based fund reported 2,829 shares. Beacon Fincl Gp has invested 0.07% in Nucor Corporation (NYSE:NUE). Old Second Savings Bank Of Aurora accumulated 0.01% or 433 shares. Ubs Oconnor Llc stated it has 0.19% in Nucor Corporation (NYSE:NUE). Old Mutual Customised Solutions (Proprietary) Ltd has 15,345 shares. Hartford, Connecticut-based fund reported 69,754 shares. Perella Weinberg Ptnrs Cap Mngmt L P invested in 24,550 shares. Mader & Shannon Wealth Mgmt Inc holds 25,458 shares. Fmr Lc reported 864,698 shares. Griffin Asset Mngmt reported 49,965 shares.

Since September 19, 2017, it had 0 insider purchases, and 6 sales for $7.83 million activity. The insider HAYNES VICTORIA F sold $137,912. $537,659 worth of stock was sold by Utermark D. Chad on Friday, October 27. Shares for $2.67M were sold by Frias James D. $2.66M worth of Nucor Corporation (NYSE:NUE) was sold by HALL LADD R on Monday, February 19.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Nucor Corporation had 80 analyst reports since July 22, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of NUE in report on Thursday, January 4 with “Hold” rating. Barclays Capital maintained Nucor Corporation (NYSE:NUE) rating on Monday, October 5. Barclays Capital has “Overweight” rating and $50 target. Cowen & Co maintained the stock with “Hold” rating in Monday, October 23 report. The firm earned “Buy” rating on Tuesday, December 6 by Berenberg. The firm has “Buy” rating given on Monday, December 12 by Argus Research. The rating was upgraded by Longbow on Monday, June 19 to “Buy”. Credit Suisse upgraded Nucor Corporation (NYSE:NUE) rating on Wednesday, February 7. Credit Suisse has “Buy” rating and $77.0 target. Barclays Capital maintained Nucor Corporation (NYSE:NUE) on Friday, April 21 with “Buy” rating. The stock of Nucor Corporation (NYSE:NUE) earned “Hold” rating by Cowen & Co on Friday, September 22. The company was downgraded on Tuesday, November 29 by Macquarie Research. Below is a list of Nucor Corporation (NYSE:NUE) latest ratings and price target changes.

07/02/2018 Broker: Credit Suisse Rating: Buy New Target: $77.0 Upgrade
06/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $70 New Target: $68 Maintain
31/01/2018 Broker: Jefferies Rating: Buy New Target: $76.0 Maintain
31/01/2018 Broker: Credit Suisse Rating: Buy New Target: $73.0 Maintain
30/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $72.0 Maintain
09/01/2018 Broker: Jefferies Rating: Buy New Target: $77.0 Maintain
08/01/2018 Broker: Bank of America Rating: Buy New Target: $75.0 Maintain
04/01/2018 Broker: Cowen & Co Rating: Hold New Target: $70.0 Maintain
20/12/2017 Broker: Longbow Old Rating: Neutral New Rating: Buy Upgrade
17/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $62.0 Maintain

The stock decreased 0.84% or $0.56 during the last trading session, reaching $66.39. About 535,216 shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since February 23, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $21.11 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.19 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.

Another recent and important Nucor Corporation (NYSE:NUE) news was published by Seekingalpha.com which published an article titled: “Nucor: Buy On Further Weakness” on January 31, 2018.

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