Nucor Corporation (NYSE:NUE) is now up 23.86% compared to a 12-month low of $44.81. We have seen the price to move 0.71% higher and get settled at $55.5 on 9/1/2017. At recent session, it appeared stuck in a range of $55.17 to $55.83. This company shares are 25.64% off its target price of $69.73 and the current market capitalization stands at $17.69B. The recent change has given its price a -3.33% deficit over SMA 50 and -18.38% deficit over its 52-week high. The stock witnessed -2.82% declines, -5.88% declines and -11.64% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NUE’s volatility during a week at 2.1% and during a month it has been found around 1.82%.
Nucor Corporation (NUE) Top Holders
Institutional investors currently hold around $13.84 billion or 79.4% in NUE stock. Look at its top three institutional owners. State Farm Mutual Automobile Insurance Co owns $1.69 billion in Nucor Corporation, which represents roughly 9.55% of the company’s market cap and approximately 12.21% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 25,573,754 shares of the stock are valued at $1.42 billion. The third largest holder is Blackrock Inc., which currently holds $1.17 billion worth of this stock and that ownership represents nearly 6.61% of its market capitalization.
Nucor Corporation 13F Filings
At the end of June reporting period, 361 institutional holders increased their position in Nucor Corporation (NYSE:NUE) by some 22,265,969 shares, 334 decreased positions by 22,995,788 and 113 held positions by 204,083,291. That puts total institutional holdings at 249,345,048 shares, according to SEC filings. The stock grabbed 92 new institutional investments totaling 5,030,603 shares while 71 institutional investors sold out their entire positions totaling 3,260,497 shares.
Nucor Corporation (NYSE:NUE) Insider Trades
Multiple company employees have indulged in significant insider trading. Nucor Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Sumoski David A has sold 2,537 shares of Nucor Corporation (NUE) in trading session dated Jul. 25, 2017. These shares are worth $156,431 and were traded at $61.66 each. The SEC filing shows that Topalian Leon J performed a sale of 2,626 shares. The Executive Vice President disposed these shares by way of transaction on Jul. 24, 2017. The company’s shares were given away at $60.23 per share worth to an income of some $158,164 on account of Topalian Leon J.
Chairman, President and CEO, Ferriola John J, sold 14,941 common shares of Nucor Corporation (NUE) in the open market. In a transaction dated Jul. 24, 2017, the shares were put up for sale at an average price of $60.17, raking in a sum of $899,000. After this sale, 349,706 common shares of NUE are directly owned by the insider, with total stake valued at $19,408,683.
In the transaction dated Apr. 27, 2017, the great number of shares disposed came courtesy the Director; Haynes Victoria F disposed a total of 3,000 shares at an average price of $61.52, amounting to approximately $184,560. The insider now directly owns 33,953 shares worth $1,884,392.
Nucor Corporation (NUE) Analyst Guide
Several analysts have released their opinion on Nucor Corporation (NYSE:NUE), with 9 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation.