Nucor (NUE)

• Market cap: $31.8B
• 1 day: -3.37%
• 5 days: -0.73%
• 1 month: 8.12%
• 3 months: -9.84%
• 6 months: -7.67%
• Year to date: 18.13%
• 1 year: -26.65%
• 5 years: 178.42%
• 10 years: 181.73%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

70% more call options, than puts

Call options by funds: $806M | Put options by funds: $475M

0.67% less ownership

Funds ownership: 76.65% [Q3] → 75.98% (-0.67%) [Q4]

6% less first-time investments, than exits

New positions opened: 145 | Existing positions closed: 154

5% less funds holding

Funds holding: 1,176 [Q3] → 1,115 (-61) [Q4]

22% less capital invested

Capital invested by funds: $27.3B [Q3] → $21.2B (-$6.05B) [Q4]

30% less repeat investments, than reductions

Existing positions increased: 324 | Existing positions reduced: 463

50% less funds holding in top 10

Funds holding in top 10: 10 [Q3] → 5 (-5) [Q4]

Research analyst outlook

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

• Low target: $135 0% upside
• Avg. target: $158 16% upside
• High target: $190 41% upside

6 analyst ratings

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

Morgan Stanley Carlos De Alba 38% 1-year accuracy 9 / 24 met price target	14% upside $154	Overweight Maintained	3 Feb 2025
JP Morgan Bill Peterson 44% 1-year accuracy 14 / 32 met price target	11% upside $150	Overweight Maintained	29 Jan 2025
Jefferies Christopher LeFemina 67% 1-year accuracy 4 / 6 met price target	0% downside $135	Hold Maintained	29 Jan 2025
Citigroup Alexander Hacking 67% 1-year accuracy 6 / 9 met price target	18% upside $160	Buy Maintained	19 Dec 2024
UBS Curt Woodworth 80% 1-year accuracy 8 / 10 met price target	15% upside $156	Neutral Downgraded	12 Dec 2024