Nucor Corp (NYSE:NUE).
Raymond James & Associates says it decreased its ownership in Nucor Corp by 7,320 shares in the last quarter. Its stake stood at $28,735,000 a decrease of 4.5% according to the filing.
These firms have modified their investment in NUE. As of quarter end Great Lakes Advisors, LLC had disposed of 223 shares trimming its stake by 2.1%. The value of the total investment in Nucor Corp decreased from $604,000 to $573,000 a change of $31,000 since the last quarter. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had sold a total of 9,802 shares trimming its position 21.2%. The value of the company’s investment in Nucor Corp went from $2,676,000 to $2,042,000 decreasing 23.7% quarter to quarter.
As of quarter end Tredje Ap-fonden had bought 10,948 shares growing its holdings by 31.3%. The value of the investment in Nucor Corp went from $2,034,000 to $2,588,000 a change of 27.2% quarter over quarter.
Cowen and Company raised the price target on October 23 changing the forecast from $57.00 to $63.00 with a rating of “Market Perform”. Equity analyst Citigroup updated guidance on NUE and giving a rating of “Buy” and price target of $66.00.
Equity analyst Bank of America Corporation lowered the price target of the stock on October 20 changing the price objective from $73.00 to $71.00 and issued a “Buy” rating. Credit Suisse Group raised the price target on October 20 boosting the projection from $63.00 to $67.00 with a “Outperform” recommendation.
October 19 investment analysts at KeyCorp reiterated a “Hold” rating on the company. On October 6 Jefferies Group LLC held the company rating at “Buy” targeting a price of $68.00.
The company is so far trading down since yesterday’s close of 54.86. The P/E ratio is currently 15.18 and market cap is 17.34B. As of the latest earnings report the EPS was $3.59 with 317.92M shares currently outstanding.
Short traders are feeling a little more bearish of late looking at the increase in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 18.94%. Short shares grew 714,217 over that timeframe. With short interest at 4,485,566 and short average daily volume at 2,221,442, days to cover is 2.0 and the percentage of shorted shares was 0.01% on October 13.