Nucor Corporation (NUE) : Brookstone Capital Management scooped up 7,590 additional shares in Nucor Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 74,284 shares of Nucor Corporation which is valued at $4,018,022.Nucor Corporation makes up approximately 0.52% of Brookstone Capital Management’s portfolio.
Other Hedge Funds, Including , Berkshire Asset Managementpa reduced its stake in NUE by selling 710 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 138,178 shares of NUE which is valued at $7,474,048. Nucor Corporation makes up approx 1.10% of Berkshire Asset Managementpa’s portfolio.Gateway Investment Advisers reduced its stake in NUE by selling 588 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 48,874 shares of NUE which is valued at $2,757,471. Nucor Corporation makes up approx 0.02% of Gateway Investment Advisers’s portfolio.Chevy Chase Trust Holdings boosted its stake in NUE in the latest quarter, The investment management firm added 3,321 additional shares and now holds a total of 271,593 shares of Nucor Corporation which is valued at $14,446,032. Nucor Corporation makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio. Centurylink Investment Management Co sold out all of its stake in NUE during the most recent quarter. The investment firm sold 25,415 shares of NUE which is valued $1,351,824.Bnp Paribas Arbitrage Sa reduced its stake in NUE by selling 34,384 shares or 17.53% in the most recent quarter. The Hedge Fund company now holds 161,727 shares of NUE which is valued at $8,602,259. Nucor Corporation makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.
Nucor Corporation closed down -1.62 points or -2.91% at $54.09 with 55,42,286 shares getting traded on Wednesday. Post opening the session at $54.48, the shares hit an intraday low of $53.51 and an intraday high of $54.54 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. Nucor Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jul 20, 2016. Company shares were Upgraded by Deutsche Bank on Jul 6, 2016 to ” Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .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 .
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.