Nucor Corporation (NUE) : Secor Capital Advisors Lp scooped up 92,220 additional shares in Nucor Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 120,369 shares of Nucor Corporation which is valued at $6,301,317.Nucor Corporation makes up approximately 0.89% of Secor Capital Advisors Lp’s portfolio.
Other Hedge Funds, Including , Investment Centers Of America Inc reduced its stake in NUE by selling 19,902 shares or 31.41% in the most recent quarter. The Hedge Fund company now holds 43,461 shares of NUE which is valued at $2,325,598. Nucor Corporation makes up approx 0.16% of Investment Centers Of America Inc’s portfolio.Quantitative Investment Management boosted its stake in NUE in the latest quarter, The investment management firm added 18,200 additional shares and now holds a total of 47,600 shares of Nucor Corporation which is valued at $2,547,076. Nucor Corporation makes up approx 0.11% of Quantitative Investment Management’s portfolio.Trillium Asset Management boosted its stake in NUE in the latest quarter, The investment management firm added 699 additional shares and now holds a total of 8,807 shares of Nucor Corporation which is valued at $472,407. Nucor Corporation makes up approx 0.03% of Trillium Asset Management’s portfolio.Lmr Partners Llp boosted its stake in NUE in the latest quarter, The investment management firm added 15,843 additional shares and now holds a total of 21,917 shares of Nucor Corporation which is valued at $1,175,628. Nucor Corporation makes up approx 0.18% of Lmr Partners Llp’s portfolio.Conning reduced its stake in NUE by selling 90 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 28,953 shares of NUE which is valued at $1,547,827. Nucor Corporation makes up approx 0.06% of Conning’s portfolio.
Nucor Corporation closed down -0.21 points or -0.41% at $50.52 with 23,78,732 shares getting traded on Wednesday. Post opening the session at $50.55, the shares hit an intraday low of $50.275 and an intraday high of $50.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.