Nucor Corporation (NUE) Analysts See $1.69 EPS

June 15, 2018 - By Julie Dion

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment decreased to 0.9 in Q1 2018. Its down 0.03, from 0.93 in 2017Q4. It is negative, as 57 investors sold Nucor Corporation shares while 229 reduced holdings. 85 funds opened positions while 172 raised stakes. 242.18 million shares or 0.92% less from 244.43 million shares in 2017Q4 were reported.
Retirement System Of Alabama has 219,167 shares for 0.07% of their portfolio. Suntrust Banks accumulated 0.01% or 27,923 shares. Oakbrook Invests Ltd Liability Com invested 0.1% in Nucor Corporation (NYSE:NUE). Guardian Trust Communication accumulated 23,963 shares. New York State Common Retirement Fund reported 640,400 shares or 0.05% of all its holdings. 120,059 are owned by Van Eck Assoc Corporation. Atlantic Tru Group reported 0% in Nucor Corporation (NYSE:NUE). Conning accumulated 484,317 shares. Sandy Spring Comml Bank owns 0% invested in Nucor Corporation (NYSE:NUE) for 714 shares. Delta Asset Mgmt Ltd Liability Corporation Tn has 947 shares. Central Bankshares Trust holds 0.02% or 1,381 shares in its portfolio. Robeco Institutional Asset Mgmt Bv has invested 0.05% in Nucor Corporation (NYSE:NUE). Cibc Asset Management holds 0.01% of its portfolio in Nucor Corporation (NYSE:NUE) for 29,464 shares. Verition Fund Lc holds 39,139 shares or 0.18% of its portfolio. Osborne Prns Cap Management Limited Co has 51,038 shares.

Since February 13, 2018, it had 0 insider buys, and 6 insider sales for $7.08 million activity. HALL LADD R also sold $2.66 million worth of Nucor Corporation (NYSE:NUE) on Monday, February 19. On Monday, February 19 the insider Frias James D sold $2.67M. 1,800 shares valued at $109,646 were sold by HAYNES VICTORIA F on Tuesday, May 1. 14,313 shares were sold by FERRIOLA JOHN J, worth $917,719.

Analysts expect Nucor Corporation (NYSE:NUE) to report $1.69 EPS on July, 19.They anticipate $0.69 EPS change or 69.00 % from last quarter’s $1 EPS. NUE’s profit would be $537.58 million giving it 10.14 P/E if the $1.69 EPS is correct. After having $1.17 EPS previously, Nucor Corporation’s analysts see 44.44 % EPS growth. The stock increased 2.64% or $1.76 during the last trading session, reaching $68.53. About 3.85M shares traded or 63.35% up from the average. Nucor Corporation (NYSE:NUE) has risen 9.59% since June 15, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 10 analysts covering Nucor (NYSE:NUE), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Nucor had 13 analyst reports since December 20, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 7 by Credit Suisse. The firm earned “Buy” rating on Wednesday, January 31 by Jefferies. The stock of Nucor Corporation (NYSE:NUE) has “Outperform” rating given on Thursday, May 17 by Macquarie Research. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, January 30 report. The firm has “Hold” rating given on Thursday, January 4 by Cowen & Co. Bank of America maintained it with “Buy” rating and $75.0 target in Monday, January 8 report. Morgan Stanley maintained it with “Equal-Weight” rating and $73 target in Tuesday, April 17 report. The rating was maintained by Jefferies on Tuesday, January 9 with “Buy”. The rating was maintained by Credit Suisse on Wednesday, January 31 with “Buy”. The rating was upgraded by Longbow to “Buy” on Wednesday, December 20.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $21.80 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.73 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

More notable recent Nucor Corporation (NYSE:NUE) news were published by: which released: “5 Top Stock Trades for Wednesday Morning” on June 12, 2018, also with their article: “Nuevolution Approved for Listing on Nasdaq Stockholm” published on June 14, 2018, published: “Buffett And Dimon Play The Long Ball” on June 11, 2018. More interesting news about Nucor Corporation (NYSE:NUE) were released by: and their article: “If Tariffs Are So Bad Why Are Steel Stocks Still Red Hot?” published on June 12, 2018 as well as‘s news article titled: “US Steel Corporation Is Primed for a Massive Breakout” with publication date: June 13, 2018.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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