Nucor
About: Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.
Employees: 32,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
26% more call options, than puts
Call options by funds: $775M | Put options by funds: $613M
17.73% more ownership
Funds ownership: 58.88% [Q1] → 76.61% (+17.73%) [Q2]
5% less funds holding
Funds holding: 1,265 [Q1] → 1,207 (-58) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 417 | Existing positions reduced: 469
21% less capital invested
Capital invested by funds: $36.9B [Q1] → $29B (-$7.83B) [Q2]
31% less funds holding in top 10
Funds holding in top 10: 16 [Q1] → 11 (-5) [Q2]
37% less first-time investments, than exits
New positions opened: 100 | Existing positions closed: 158
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JP Morgan Bill Peterson 61% 1-year accuracy 11 / 18 met price target | 8%upside $170 | Overweight Maintained | 9 Oct 2024 |
BMO Capital Katja Jancic 14% 1-year accuracy 1 / 7 met price target | 1%upside $160 | Market Perform Maintained | 18 Sept 2024 |
Morgan Stanley Carlos De Alba 52% 1-year accuracy 12 / 23 met price target | 8%upside $170 | Overweight Maintained | 18 Sept 2024 |
JP Morgan Bill Peterson 61% 1-year accuracy 11 / 18 met price target | 10%upside $174 | Overweight Upgraded | 9 Sept 2024 |
Morgan Stanley Carlos De Alba 52% 1-year accuracy 12 / 23 met price target | 11%upside $176 | Overweight Upgraded | 15 Aug 2024 |
Financial journalist opinion
Based on 9 articles about NUE published over the past 30 days