Nucor
NUE
Market cap $34.1B

143.70 USD

-12.41

7.95%

Updated Oct 22, 10:48 AM EDT

1 day

-7.95%

5 days

-5.67%

1 month

-2.24%

3 months

-12.02%

6 months

-25.01%

Year to date

-18.09%

1 year

2.28%

5 years

170.42%

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

Materials Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Funds holding %

of 6,740 funds

Analysts bullish %

of 5 analysts

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

See Fund Rankings

Research analyst outlook

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

Low target

$160

11%

upside

Avg. target

$170

18%

upside

High target

$176

22%

upside

5 analyst ratings

4 positive

80%

1 neutral

20%

0 negative

JP Morgan Bill Peterson 30% 1-year accuracy 3 / 10 met price target	18%upside $170	Overweight Maintained	9 Oct 2024
BMO Capital Katja Jancic 14% 1-year accuracy 1 / 7 met price target	11%upside $160	Market Perform Maintained	18 Sept 2024
Morgan Stanley Carlos De Alba 57% 1-year accuracy 8 / 14 met price target	18%upside $170	Overweight Maintained	18 Sept 2024
JP Morgan Bill Peterson 30% 1-year accuracy 3 / 10 met price target	21%upside $174	Overweight Upgraded	9 Sept 2024
Morgan Stanley Carlos De Alba 57% 1-year accuracy 8 / 14 met price target	22%upside $176	Overweight Upgraded	15 Aug 2024