Economy

Nucor Corporation (NYSE:NUE) Short Interest Decreased By 4.31%

Nucor Corporation (NYSE:NUE) Short Interest Decreased By 4.31%

94 funds opened positions while 224 raised stakes. (NYSE:NUE) by 6.8% in the 3rd quarter, according to its most recent filing with the SEC.

ATR remains at 1.16 while Beta component of the stock stands at 1.39. Institutional investors own 76.41% of the company's stock. The investor is now holding $9.25 million shares due in part to a decrease of 122632 new shares in their portfolio. The company's Market capitalization is $19.72B with the total Outstanding Shares of 534.99M. State Street stated it has 0.09% of its portfolio in Nucor Corporation (NYSE:NUE). Toronto Dominion Bank raised its holdings in shares of Nucor by 12.0% in the 3rd quarter. Smith Shellnut Wilson LLC ADV acquired a new position in shares of Nucor in the 3rd quarter valued at about $229,000. Oppenheimer And Communication reported 26,579 shares stake. Finally, QCI Asset Management Inc. QCI Asset Management Inc.

Nucor Corporation has a ROA of 8.10%, measuring the amount of profit the company earns on the value of its shares. Manufacturers Life Ins Co The accumulated 374,198 shares. Its share price has risen 4.34% in three months and is up 2.40% for the last five trades. The company now has an average rating of "Buy" and a consensus target price of $67.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The stock has "Neutral" rating by Longbow on Monday, October 2.

Whereas its latest closing price kept its distance from the SMA20 at 1.84% and 1.29% from SMA 50 while it was knocked up -1.18% from the simple moving average price of 200 days. Following the sale, the insider now directly owns 73,883 shares in the company, valued at approximately $4,412,292.76. The disclosure for this sale can be found here. 23,402 are owned by Bb&T Corporation.

Shares of Nucor Co.

Nucor Corporation (NYSE:NUE), stock is trading $68.00 above the 52-week high and has displayed a high EPS growth of 0.30% in last 5 years. Following the sale, the director now directly owns 33,703 shares in the company, valued at $2,073,408.56. Nucor Co. has a one year low of $51.67 and a one year high of $68.00.

Nucor Corporation holds a quick ratio of 1.1 with a current ratio of 2.1.

Nucor (NYSE:NUE) last released its quarterly earnings data on Thursday, October 19th. After $0.79 actual EPS reported by Nucor Corporation for the previous quarter, Wall Street now forecasts -3.80% negative EPS growth. Nucor had a net margin of 4.53% and a return on equity of 9.32%. The business's revenue for the quarter was up 29.6% compared to the same quarter past year.

More news: Owens Corning Inc (NYSE:OC) VP Ava Harter Sells 487 Shares

The EPS of Nucor Corporation is strolling at 3.59, measuring its EPS growth this year at 904.60%.

On the other hand Shares of Kennedy-Wilson Holdings, Inc., (NYSE: KW), showed a change of 0.26% and closed at $19.3 in the last trading session.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, September 29th were issued a $0.3775 dividend.

JPMorganJPM.N climbed 1.9 percent and Bank of AmericaBAC.N rose 2.2 percent, making the S&P financial index.SPSY the biggest gainer among S&P 500 sectors. The ex-dividend date of this dividend was Thursday, September 28th. Nucor's dividend payout ratio (DPR) is presently 43.90%.

Several equities research analysts have recently weighed in on the stock. The South Africa-based Old Mutual Customised Solutions (Proprietary) has invested 0.11% in Nucor Corporation (NYSE:NUE). Flippin Bruce & Porter Inc. boosted its stake in Nucor by 5.7% in the third quarter. Jefferies maintained it with "Buy" rating and $6800 target in Wednesday, July 19 report. Morgan Stanley downgraded the stock to "Equal-Weight" rating in Tuesday, September 12 report. Marathon Petroleum Corporation has 7 buy ratings, 5 holds and 0 sells even after the stock tumbled -1.23% from its high of $63.41 to a $30.58 billion market value through last close. Jefferies has "Buy" rating and $6800 target.

ILLEGAL ACTIVITY WARNING: "Teacher Retirement System of Texas Boosts Position in Nucor Co". The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/12/02/macquarie-group-ltd-trims-stake-in-nucor-co-nue.html. If you are reading this report on another publication, it was stolen and reposted in violation of U.S. and worldwide copyright & trademark laws. KeyBanc Capital Markets maintained Nucor Corporation (NYSE:NUE) on Monday, September 18 with "Hold" rating.

Nucor Company Profile Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).


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