Economy

Financial Review of Nucor Corporation (NYSE:NUE)

Financial Review of Nucor Corporation (NYSE:NUE)”

It was reported on Sep, 12 by Barchart.com.

Cincinnati Insurance Company decreased Nucor Corp (NUE) stake by 12.35% reported in 2016Q4 SEC filing. The Cincinnati Casualty Company holds 15,000 shares with $893,000 value, down from 22,500 last quarter. NRG Yield, Inc. Class C (NYLD) has $1.17B valuation.

Beta is also an important valuation ratio for analyzing the stock of the company, NUE has its industry and Sector's beta remains at 0.85 and 0.78 respectively. About 638,714 shares traded. Class C (NYSE:NYLD) has risen 16.78% since September 12, 2016 and is uptrending. It has underperformed by 59.52% the S&P500.

Accredited Investors Inc. grew its position in shares of Nucor Corporation by 0.6% during the 1st quarter. The analysts estimated mean EPS at 0.95 while the high and low EPS estimate stand at 1.19 and 0.61 respectively. It dived, as 49 investors sold NUE shares while 230 reduced holdings.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by $0.06.

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Investors has 0.1% invested in Nucor Corporation (NYSE:NUE).

More recent Nucor Corporation (NYSE:NUE) news were published by: Fool.com which released: "Why Long-Term Investors Should Prefer Nucor Corporation over United States ..." on August 28, 2017. Point72 Asset Mngmt Lp has invested 0.14% in Nucor Corporation (NYSE:NUE). Schwab Charles Investment Management Inc. owned 0.36% of Nucor Corporation worth $66,644,000 at the end of the most recent quarter. Reliance Com Of Delaware accumulated 24,425 shares or 0.22% of the stock. Baystate Wealth Mgmt Llc reported 234 shares. Nucor Corporation's dividend payout ratio (DPR) is 94.38%. Moreover, Carroll Financial Associate has 0.19% invested in Nucor Corporation (NYSE:NUE). Ahl Prns Limited Liability Partnership reported 118,552 shares.

NUE has been the subject of a number of other research reports. Beacon Trust Co. boosted its stake in Nucor Corporation by 0.4% in the second quarter. Amp Limited has 214,140 shares for 0.08% of their portfolio.

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Jefferies Group LLC reaffirmed a "buy" rating on shares of Nucor Corporation in a research report on Saturday, October 1st. The stock of Nucor Corporation (NYSE:NUE) earned "Buy" rating by Berenberg on Wednesday, November 2. As per Wednesday, September 16, the company rating was maintained by Jefferies. The firm earned "Buy" rating on Monday, October 10 by Chardan Capital Markets. Oppenheimer maintained the shares of HRB in report on Tuesday, August 29 with "Hold" rating.

07/27/2017 - Nucor Corporation had its "buy" rating reiterated by analysts at Longbow Research. Cowen & Co maintained the stock with "Hold" rating in Thursday, July 20 report.

05/24/2017 - Nucor Corporation was upgraded to "outperform" by analysts at Credit Suisse. The company's net profit margin has achieved the current level of 6.4 percent and possesses 14.6 percent gross margin. The Company produces direct reduced iron (DRI) for use in its steel mills. It has a 14.46 P/E ratio. It operates in three divisions: steel mills, steel products and raw materials. Therefore 40% are positive. The analysts estimated sales for the higher end at 5691 million and lower end at 4833 million while the year ago reported sale was 4534.52 million. Note the stock price at publication ($54.5), since the technical rating is based on intraday stock prices. The firm has "Hold" rating given on Tuesday, September 5 by BMO Capital Markets. The company was maintained on Thursday, July 13 by Stifel Nicolaus. BMO Capital Markets has "Market Perform" rating and $50.0 target. Barclays Capital maintained it with "Buy" rating and $68 target in Friday, April 21 report. The rating was downgraded by Morgan Stanley on Thursday, August 25 to "Underweight". The company was downgraded on Wednesday, April 13 by Standpoint Research.

04/20/2017 - Nucor Corporation had its "overweight" rating reiterated by analysts at Barclays. Its down 0.26, from 1 in 2016Q3. Rfg Advisory Gru Ltd Liability Corp invested in 9,150 shares. 83 funds opened positions while 237 raised stakes.

V3 Capital Management Lp increased its stake in Retail Pptys Amer Inc (RPAI) by 2.19% based on its latest 2016Q4 regulatory filing with the SEC. 39,214 are held by Neuberger Berman Grp Ltd Co. First Interstate Comml Bank accumulated 46,547 shares. Cambridge Advsrs accumulated 0.02% or 18,163 shares. Davis R M Inc reported 10,762 shares. Hartford Financial Management Inc. now owns 3,585 shares of the company's stock worth $177,000 after buying an additional 69 shares during the last quarter. Commerzbank Aktiengesellschaft Fi owns 27,738 shares. Tarbox Group owns 0.01% invested in Apache Corporation (NYSE:APA) for 295 shares. The original version of this report can be accessed at https://stocknewstimes.com/2017/09/11/nucor-corporation-nue-shares-bought-by-schwab-charles-investment-management-inc.html.



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