Nucor (NUE)

• Market cap: $27.4B
• 1 day: 0.69%
• 5 days: -5.98%
• 1 month: -21.32%
• 3 months: -20.32%
• 6 months: -25.66%
• Year to date: -33.55%
• 1 year: -33.64%
• 5 years: 104.92%
• 10 years: 138.21%
• 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)

44% more call options, than puts

Call options by funds: $837M | Put options by funds: $583M

2.2% less ownership

Funds ownership: 78.21% [Q2] → 76.01% (-2.2%) [Q3]

3% less funds holding

Funds holding: 1,212 [Q2] → 1,171 (-41) [Q3]

9% less capital invested

Capital invested by funds: $29.6B [Q2] → $27B (-$2.61B) [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: 393 | Existing positions reduced: 479

28% less first-time investments, than exits

New positions opened: 104 | Existing positions closed: 145

Research analyst outlook

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

• Low target: $156 34% upside
• Avg. target: $168 44% upside
• High target: $190 63% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Citigroup Alexander Hacking 50% 1-year accuracy 5 / 10 met price target	37% upside $160	Buy Maintained	19 Dec 2024
UBS Curt Woodworth 50% 1-year accuracy 8 / 16 met price target	34% upside $156	Neutral Downgraded	12 Dec 2024
Goldman Sachs Mike Harris 0% 1-year accuracy 0 / 3 met price target	63% upside $190	Buy Initiated	2 Dec 2024
JP Morgan Bill Peterson 38% 1-year accuracy 10 / 26 met price target	44% upside $168	Overweight Maintained	23 Oct 2024
Morgan Stanley Carlos De Alba 22% 1-year accuracy 5 / 23 met price target	42% upside $166	Overweight Maintained	23 Oct 2024