Virtu Financial adds Nucor Corporation (NUE) to its portfolio

Nucor Corporation (NUE) : Virtu Financial added new position in Nucor Corporation during the most recent quarter end. The investment management firm now holds 14,398 shares of Nucor Corporation which is valued at $677,570 , the company said in a statement filed on May 13, 2016 with the SEC.Nucor Corporation makes up approximately 0.09% of Virtu Financial’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department boosted its stake in NUE in the latest quarter, The investment management firm added 3,825 additional shares and now holds a total of 122,179 shares of Nucor Corporation which is valued at $5.7 Million. Nucor Corporation makes up approx 0.03% of State Of Tennessee Treasury Department’s portfolio.Canada Pension Plan Investment Board boosted its stake in NUE in the latest quarter, The investment management firm added 225,700 additional shares and now holds a total of 845,926 shares of Nucor Corporation which is valued at $39.8 Million. Nucor Corporation makes up approx 0.17% of Canada Pension Plan Investment Board’s portfolio. Bienville Capital Management added NUE to its portfolio by purchasing 5,446 company shares during the most recent quarter which is valued at $256,289. Nucor Corporation makes up approx 0.08% of Bienville Capital Management’s portfolio. Engineers Gate Manager Lp added NUE to its portfolio by purchasing 66,683 company shares during the most recent quarter which is valued at $3.1 Million. Nucor Corporation makes up approx 0.25% of Engineers Gate Manager Lp’s portfolio.

Nucor Corporation opened for trading at $47.38 and hit $48.53 on the upside on Wednesday, eventually ending the session at $48.39, with a gain of 2.61% or 1.23 points. The heightened volatility saw the trading volume jump to 23,72,919 shares. Company has a market cap of $15,385 M.

On the company’s financial health, Nucor Corporation reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.27. The company had revenue of $3715.58 million for the quarter, compared to analysts expectations of $3608.95 million. The company’s revenue was down -15.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Nucor Corporation. Company shares were Reiterated by Rosenblatt on May 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 51 from a previous price target of $47 .Company shares were Reiterated by Cowen on Apr 27, 2016 to “Market Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .Nucor Corporation was Downgraded by Credit Agricole to ” Sell” on Apr 22, 2016.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals pig iron hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills steel products and raw materials. In the steel mills segment Nucor produces and distributes sheet steel plate steel structural steel and bar steel. In the steel products segment Nucor produces steel joists and joist girders steel deck fabricated concrete reinforcing steel cold finished steel steel fasteners metal building systems steel grating and expanded metal and wire and wire mesh. In the raw materials segment the Company produces DRI; brokers ferrous and nonferrous metals pig iron HBI and DRI; supplies ferro-alloys and processes ferrous and nonferrous scrap metal.

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