NUE stock icon

Nucor
NUE

$161.55
1.1%

Market Cap: 38.7B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 9 analysts
0
News positive %
of 17 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

54% more call options, than puts

Call options by funds: $1.14B | Put options by funds: $737M

25% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 110

9% more capital invested

Capital invested by funds: $33B [Q4 2023] → $36.1B (+$3.11B) [Q1 2024]

7% more funds holding in top 10

Funds holding in top 10: 15 [Q4 2023] → 16 (+1) [Q1 2024]

2% more funds holding

Funds holding: 1,218 [Q4 2023] → 1,246 (+28) [Q1 2024]

10% less repeat investments, than reductions

Existing positions increased: 420 | Existing positions reduced: 465

1.94% less ownership

Funds ownership: 59.55% [Q4 2023] → 57.61% (-1.94%) [Q1 2024]

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$170
5%
upside
Avg. target
$193
20%
upside
High target
$240
49%
upside

9 analyst ratings

positive
22%
neutral
78%
negative
0%
JP Morgan
Bill Peterson
5%upside
$170
Neutral
Maintained
16 Jul 2024
B of A Securities
Lawson Winder
24%upside
$200
Buy
Maintained
26 Jun 2024
BMO Capital
Katja Jancic
8%upside
$175
Market Perform
Maintained
17 Jun 2024
JP Morgan
Bill Peterson
11%upside
$180
Neutral
Maintained
11 Jun 2024
Jefferies
Christopher LeFemina
18%upside
$190
Hold
Initiated
20 May 2024

Financial journalist opinion

Based on 17 articles about NUE published over the past 30 days