Nucor
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: 481
19% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 129
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Morgan Stanley Carlos De Alba 38% 1-year accuracy 9 / 24 met price target | 12%upside $154 | Overweight Maintained | 3 Feb 2025 |
JP Morgan Bill Peterson 48% 1-year accuracy 15 / 31 met price target | 9%upside $150 | Overweight Maintained | 29 Jan 2025 |
Jefferies Christopher LeFemina 67% 1-year accuracy 4 / 6 met price target | 2%downside $135 | Hold Maintained | 29 Jan 2025 |
Citigroup Alexander Hacking 56% 1-year accuracy 5 / 9 met price target | 16%upside $160 | Buy Maintained | 19 Dec 2024 |
UBS Curt Woodworth 90% 1-year accuracy 9 / 10 met price target | 13%upside $156 | Neutral Downgraded | 12 Dec 2024 |
Financial journalist opinion
Based on 39 articles about NUE published over the past 30 days









