Parkwood LLC Boosts Stake in Nucor Co. (NUE)

Ivan Schwartz
May 25, 2017

Ecor1 Capital Llc sold 861,639 shares as the company's stock rose 16.67% with the market. It is down 71.15% since May 24, 2016 and is uptrending.

Shopify Inc. (NYSE:SHOP) is taking advantage of record prices to sell shares and keep up its brisk pace of growth. It closed at $58.64 lastly. (NYSE:NUE) from an underperform rating to a neutral rating in a report issued on Monday, April 24th.

The number of shares now held by investors is 319.05 Million. The stock has earnings growth of 305.60% yoy and showed a high EPS growth of 0.30% over the past five years. Grifols SA, Barcelona (NASDAQ:GRFS) has risen 47.59% since May 24, 2016 and is uptrending.

A look at some of the inputs to technical analysis model shows how Nucor Corporation current price compares to its recent moving averages. The stock of Nucor Corporation (NYSE:NUE) earned "Buy" rating by Argus Research on Friday, June 24. It has outperformed by 5.04% the S&P500.

Nucor (NYSE:NUE) last released its quarterly earnings data on Thursday, April 20th.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Its up 0.06, from 0.97 in 2016Q3. It increased, as 49 investors sold NUE shares while 230 reduced holdings. 106 funds opened positions while 180 raised stakes. Stratos Wealth Prtn Ltd holds 4,436 shares or 0.02% of its portfolio. Deutsche Fincl Bank Ag owns 642,154 shares. Evercore Wealth Ltd Llc, a New York-based fund reported 1,198 shares. Kcg Hldgs reported 0.09% of its portfolio in Nucor Corporation (NYSE:NUE). Bartlett Co Limited Co invested 0% of its portfolio in Nucor Corporation (NYSE:NUE). 9,500 are held by Meiji Yasuda Life Insur Communication. The correct version of this article can be read at https://sportsperspectives.com/2017/05/24/dupont-capital-management-corp-buys-40849-shares-of-nucor-co-nue-updated-updated.html. 46 were accumulated by Brick & Kyle Associates. Therefore 79% are positive. The company has grown -7.27% in past 3 months and in the last five trades has moved up 1.49%.

Since February 22, 2017, it had 0 insider buys, and 2 insider sales for $4.08 million activity. Looking at this figure it suggests that the shares of Nucor Corporation (NUE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Nucor Corporation (NUE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. The firm earned "Hold" rating on Monday, December 28 by Standpoint Research. Giggles N Hugs Inc (OTCMKTS:GIGL) has 0.00% since May 24, 2016 and is.

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Analyst Curt Woodworth raised his rating on U.S. Steel X, +0.83% to outperform from neutral, citing the belief that steel prices have neared an inflection point, with trade policy providing a tailwind, and given attractive valuations. $790,425 worth of Nucor Corporation (NYSE:NUE) was sold by NAPOLITAN RAYMOND S JR. JPMorgan Chase & Co. lifted their price target on shares of Nucor from $70.00 to $75.00 and gave the stock an overweight rating in a research note on Wednesday, March 22nd.

Willis Investment Counsel, which manages about $1.45B and $1.34B US Long portfolio, upped its stake in Philip Morris Intl Inc (NYSE:PM) by 48,800 shares to 216,860 shares, valued at $19.84 million in 2016Q4, according to the filing. The stock of Nucor Corporation (NYSE:NUE) has "Buy" rating given on Wednesday, October 14 by Berenberg.

Among 5 analysts covering BRF S.A. Now Nucor Corporation's current price is $19.36 shy of the official highest sell-side analyst price target on Wall Street. As per Thursday, October 8, the company rating was upgraded by Citigroup.

Nucor Corporation (NUE) now has P/E (Price to Earnings) ratio of 17.1 while the company's industry has 18.33 P/E and the sector P/E is 37.27. Bank of America downgraded the shares of NUE in report on Wednesday, July 20 to "Neutral" rating. The company was upgraded on Tuesday, May 31 by JP Morgan. The analysts estimated EPS for the higher end at 1.48 and lower end at 1.12 while the year ago reported earnings per share was 0.83. Nucor Corporation had 45 analyst reports since July 22, 2015 according to SRatingsIntel. Berenberg Bank cut shares of Nucor from a "buy" rating to a "hold" rating in a research note on Tuesday, January 31st. Therefore 60% are positive. BMO Capital Markets reissued a hold rating and issued a $68.00 price objective on shares of Nucor in a research note on Monday, April 3rd. As per Friday, November 18, the company rating was downgraded by KeyBanc Capital Markets. NUE's profit will be $422.00 million for 11.11 P/E if the $1.32 EPS becomes a reality.

At the end of Mar reporting period, 398 institutional holders increased their position in Nucor Corporation (NYSE:NUE) by some 50,113,701 shares, 315 decreased positions by 23,917,832 and 96 held positions by 199,314,728. The rating was initiated by Ladenburg Thalmann with "Buy" on Tuesday, November 1.

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