Nucor Corp (NUE) Market Valuation Declined While Grace & White INC Trimmed by $3.77 Million Its Holding

September 16, 2018 - By Anthony Romero

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment increased to 1.22 in Q2 2018. Its up 0.32, from 0.9 in 2018Q1. It increased, as 36 investors sold NUE shares while 199 reduced holdings. 72 funds opened positions while 214 raised stakes. 239.36 million shares or 1.17% less from 242.18 million shares in 2018Q1 were reported. Moreover, Shell Asset Mgmt has 0.03% invested in Nucor Corporation (NYSE:NUE) for 23,549 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 32,128 shares. Farmers Tru holds 68,048 shares or 1.29% of its portfolio. Moreover, Washington Trust Retail Bank has 0.02% invested in Nucor Corporation (NYSE:NUE). Brookfield Asset holds 0% or 7,804 shares in its portfolio. Northwestern Mutual Wealth Mngmt holds 0% of its portfolio in Nucor Corporation (NYSE:NUE) for 7,190 shares. Barclays Plc invested in 0.01% or 234,157 shares. Hap Trading Ltd Liability reported 16,780 shares. Stephens Incorporated Ar stated it has 23,091 shares. Bancorp Of Ny Mellon Corp holds 4.47 million shares. Verition Fund Mgmt Lc owns 0.04% invested in Nucor Corporation (NYSE:NUE) for 10,567 shares. Cap Investment Counsel Incorporated owns 6,405 shares or 0.16% of their US portfolio. Reilly Fincl Advisors Lc reported 0.01% stake. Washington Tru has 905 shares. Security Natl Bank Of So Dak reported 16,242 shares.

Since March 19, 2018, it had 0 insider purchases, and 8 selling transactions for $16.95 million activity. Another trade for 3,115 shares valued at $202,411 was made by Topalian Leon J on Thursday, June 21. The insider NAPOLITAN RAYMOND S JR sold 8,000 shares worth $520,880. Shares for $996,928 were sold by FERRIOLA JOHN J on Tuesday, July 24. 14,664 shares valued at $961,405 were sold by Keller Michael D on Friday, June 22. 51,238 shares were sold by Sumoski David A, worth $3.42M on Monday, July 23. 1,800 Nucor Corporation (NYSE:NUE) shares with value of $109,646 were sold by HAYNES VICTORIA F.

Grace & White Inc decreased its stake in Nucor Corp (NUE) by 28.94% based on its latest 2018Q2 regulatory filing with the SEC. Grace & White Inc sold 60,840 shares as the company’s stock declined 4.81% while stock markets rallied. The institutional investor held 149,417 shares of the steel and iron ore company at the end of 2018Q2, valued at $9.34M, down from 210,257 at the end of the previous reported quarter. Grace & White Inc who had been investing in Nucor Corp for a number of months, seems to be less bullish one the $19.80B market cap company. The stock decreased 1.45% or $0.92 during the last trading session, reaching $62.58. About 2.48M shares traded or 9.10% up from the average. Nucor Corporation (NYSE:NUE) has risen 18.85% since September 16, 2017 and is uptrending. It has outperformed by 3.23% the S&P500.

Grace & White Inc, which manages about $820.58 million and $467.16 million US Long portfolio, upped its stake in Brighthouse Finl Inc Com by 82,961 shares to 123,429 shares, valued at $4.95 million in 2018Q2, according to the filing.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on October, 18. They expect $2.34 EPS, up 196.20 % or $1.55 from last year’s $0.79 per share. NUE’s profit will be $740.25M for 6.69 P/E if the $2.34 EPS becomes a reality. After $2.07 actual EPS reported by Nucor Corporation for the previous quarter, Wall Street now forecasts 13.04 % EPS growth.

More recent Nucor Corporation (NYSE:NUE) news were published by: which released: “Dividend Champion Spotlight: Nucor Corporation” on September 16, 2018. Also published the news titled: “Nucor to suspend production in Carolina mills ahead of hurricane” on September 12, 2018.‘s news article titled: “Nucor (NUE) Guides Q3 EPS Ahead of Views” with publication date: September 14, 2018 was also an interesting one.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 5 analysts covering Nucor (NYSE:NUE), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Nucor had 5 analyst reports since March 20, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Tuesday, April 17 with “Equal-Weight”. On Tuesday, July 24 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. The firm has “Outperform” rating by Macquarie Research given on Thursday, May 17.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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