Nucor Corporation (NUE) : Rfg Advisory Group reduced its stake in Nucor Corporation by 1.64% during the most recent quarter end. The investment management company now holds a total of 9,308 shares of Nucor Corporation which is valued at $498,071 after selling 155 shares in Nucor Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Nucor Corporation makes up approximately 0.42% of Rfg Advisory Group’s portfolio.
Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in NUE in the latest quarter, The investment management firm added 255,320 additional shares and now holds a total of 317,740 shares of Nucor Corporation which is valued at $17,002,267. Nucor Corporation makes up approx 0.21% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Proficio Capital Partners boosted its stake in NUE in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 49 shares of Nucor Corporation which is valued at $2,628.Welch Group reduced its stake in NUE by selling 184 shares or 7.54% in the most recent quarter. The Hedge Fund company now holds 2,256 shares of NUE which is valued at $121,012. Nucor Corporation makes up approx 0.02% of Welch Group’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in NUE by selling 4,573 shares or 6.45% in the most recent quarter. The Hedge Fund company now holds 66,371 shares of NUE which is valued at $3,560,140. Nucor Corporation makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.Horrell Capital Management reduced its stake in NUE by selling 138 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 26,862 shares of NUE which is valued at $1,436,043. Nucor Corporation makes up approx 0.90% of Horrell Capital Management’s portfolio.
Nucor Corporation closed down -0.04 points or -0.07% at $53.51 with 18,49,180 shares getting traded on Monday. Post opening the session at $53.71, the shares hit an intraday low of $53.03 and an intraday high of $53.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Nucor Corporation reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.69. The company had revenue of $4246.00 million for the quarter, compared to analysts expectations of $4508.36 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Nucor Corporation. Company shares were Reiterated by Cowen on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Nucor Corporation was Downgraded by Berenberg to ” Hold” on Jul 22, 2016. Nucor Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 20, 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.