How Analysts Rated Nucor Corporation (NYSE:NUE) Last Week?

May 27, 2018 - By Winifred Garcia

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It is positive, as 53 investors sold Nucor Corporation shares while 231 reduced holdings. 92 funds opened positions while 173 raised stakes. 244.43 million shares or 5.15% more from 232.46 million shares in 2017Q3 were reported.
First Corporation In holds 0.31% or 7,585 shares. Bw Gestao De Investimentos Ltda has invested 2.97% in Nucor Corporation (NYSE:NUE). Central National Bank Tru reported 25,468 shares. The Colorado-based Alps Advsr has invested 0.35% in Nucor Corporation (NYSE:NUE). Westpac Banking Corp has invested 0.03% of its portfolio in Nucor Corporation (NYSE:NUE). Palestra Capital Management Lc invested in 865,000 shares. Morgan Stanley owns 0.05% invested in Nucor Corporation (NYSE:NUE) for 2.87M shares. The New York-based Tompkins has invested 0.01% in Nucor Corporation (NYSE:NUE). Bnp Paribas Arbitrage Sa reported 163,026 shares. Adage Prtn Limited Liability Company reported 0.18% of its portfolio in Nucor Corporation (NYSE:NUE). Pointstate Capital Limited Partnership holds 430,900 shares. Point72 Asset Mngmt Ltd Partnership accumulated 18,200 shares. Mariner Wealth Advisors Limited has invested 0.03% in Nucor Corporation (NYSE:NUE). Rnc Cap Limited reported 83,194 shares or 0.37% of all its holdings. Endurance Wealth Mngmt holds 0.01% of its portfolio in Nucor Corporation (NYSE:NUE) for 500 shares.

Since February 13, 2018, it had 0 insider buys, and 6 selling transactions for $7.08 million activity. Frias James D had sold 39,037 shares worth $2.67M on Monday, February 19. HAYNES VICTORIA F had sold 3,000 shares worth $207,347 on Wednesday, March 7. FERRIOLA JOHN J also sold $917,719 worth of Nucor Corporation (NYSE:NUE) shares. The insider NAPOLITAN RAYMOND S JR sold 8,000 shares worth $520,880.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 10 analysts covering Nucor (NYSE:NUE), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Nucor had 13 analyst reports since December 20, 2017 according to SRatingsIntel. The stock of Nucor Corporation (NYSE:NUE) has “Hold” rating given on Tuesday, January 30 by BMO Capital Markets. Cowen & Co maintained the shares of NUE in report on Thursday, January 4 with “Hold” rating. As per Wednesday, December 20, the company rating was upgraded by Longbow. The stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Bank of America on Monday, January 8. As per Wednesday, January 31, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Buy” rating in Tuesday, January 9 report. The rating was upgraded by Credit Suisse on Wednesday, February 7 to “Buy”. Morgan Stanley maintained the shares of NUE in report on Tuesday, February 6 with “Equal-Weight” rating. Credit Suisse maintained Nucor Corporation (NYSE:NUE) rating on Wednesday, January 31. Credit Suisse has “Buy” rating and $73.0 target. The rating was maintained by Morgan Stanley on Tuesday, April 17 with “Equal-Weight”. Below is a list of Nucor Corporation (NYSE:NUE) latest ratings and price target changes.

17/05/2018 Broker: Macquarie Research Old Rating: Neutral New Rating: Outperform Old Target: $57 Upgrade
18/04/2018 Broker: UBS Rating: Neutral New Target: $65 Initiates Coverage On
17/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $68 New Target: $73 Maintain
20/03/2018 Broker: Goldman Sachs Rating: Buy New Target: $78 Initiates Coverage On
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

The stock decreased 0.99% or $0.64 during the last trading session, reaching $63.97. About 1.27 million shares traded. Nucor Corporation (NYSE:NUE) has risen 1.23% since May 27, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $20.35 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 15.61 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: “Wall Street Breakfast: Zuckerberg Testifies In Brussels” on May 22, 2018.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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