Nucor (NUE)

• Market cap: $29.2B
• 1 day: 0.95%
• 5 days: 5.21%
• 1 month: 2.93%
• 3 months: -21.23%
• 6 months: -24.07%
• Year to date: 8.78%
• 1 year: -26.34%
• 5 years: 131.43%
• 10 years: 182.44%
• Sector: Materials
• Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

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 Q3 regulatory filings by fund managers ($100M+ AUM)

42% more call options, than puts

Call options by funds: $845M | Put options by funds: $596M

2.2% less ownership

Funds ownership: 78.85% [Q2] → 76.65% (-2.2%) [Q3]

3% less funds holding

Funds holding: 1,214 [Q2] → 1,174 (-40) [Q3]

9% less capital invested

Capital invested by funds: $29.9B [Q2] → $27.3B (-$2.62B) [Q3]

9% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 10 (-1) [Q3]

18% less repeat investments, than reductions

Existing positions increased: 394 | Existing positions reduced: 480

19% less first-time investments, than exits

New positions opened: 105 | Existing positions closed: 130

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $125 0% upside
• Avg. target: $158 27% upside
• High target: $190 53% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

JP Morgan Bill Peterson 45% 1-year accuracy 14 / 31 met price target	22% upside $152	Overweight Maintained	17 Jan 2025
Jefferies Christopher LeFemina 40% 1-year accuracy 2 / 5 met price target	0% upside $125	Hold Maintained	6 Jan 2025
Citigroup Alexander Hacking 50% 1-year accuracy 5 / 10 met price target	28% upside $160	Buy Maintained	19 Dec 2024
UBS Curt Woodworth 80% 1-year accuracy 8 / 10 met price target	25% upside $156	Neutral Downgraded	12 Dec 2024
Goldman Sachs Mike Harris 0% 1-year accuracy 0 / 3 met price target	53% upside $190	Buy Initiated	2 Dec 2024