Nucor (NUE) Reaches $65.92 After 5.00% Up Move; Acuity Brands Has 0.95 Sentiment

April 18, 2018 - By Richard Conner

Nucor Corporation (NYSE:NUE) Logo

The stock of Nucor Corporation (NYSE:NUE) is a huge mover today! The stock increased 2.79% or $1.79 during the last trading session, reaching $65.92. About 1.24M shares traded. Nucor Corporation (NYSE:NUE) has risen 1.23% since April 18, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.The move comes after 8 months positive chart setup for the $20.97B company. It was reported on Apr, 18 by Barchart.com. We have $69.22 PT which if reached, will make NYSE:NUE worth $1.05 billion more.

Acuity Brands Inc (AYI) investors sentiment increased to 0.95 in Q4 2017. It’s up 0.11, from 0.84 in 2017Q3. The ratio increased, as 159 hedge funds increased or started new equity positions, while 168 decreased and sold their holdings in Acuity Brands Inc. The hedge funds in our database now hold: 42.13 million shares, up from 41.52 million shares in 2017Q3. Also, the number of hedge funds holding Acuity Brands Inc in top ten equity positions was flat from 4 to 4 for the same number . Sold All: 34 Reduced: 134 Increased: 102 New Position: 57.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.04, from 0.89 in 2017Q3. It improved, as 53 investors sold Nucor Corporation shares while 231 reduced holdings. 92 funds opened positions while 173 raised stakes. 244.43 million shares or 5.15% more from 232.46 million shares in 2017Q3 were reported. Boston Private Wealth Ltd Limited Liability Company holds 0.03% or 11,275 shares in its portfolio. Proshare Limited Company accumulated 1.22M shares. Parkside Retail Bank And invested in 98 shares or 0% of the stock. Walleye Trading Ltd Liability Co, a Minnesota-based fund reported 76,926 shares. Cubist Systematic Strategies Ltd stated it has 13,570 shares. Stephens Ar owns 24,533 shares. Sfe Counsel owns 0.37% invested in Nucor Corporation (NYSE:NUE) for 14,580 shares. Ibm Retirement Fund owns 8,138 shares or 0.1% of their US portfolio. Capital Ca stated it has 1,800 shares or 0.02% of all its holdings. Sandy Spring Bancshares invested in 714 shares or 0% of the stock. 21,184 are owned by Bb&T Corporation. Dekabank Deutsche Girozentrale reported 0.06% in Nucor Corporation (NYSE:NUE). Eaton Vance has invested 0.06% in Nucor Corporation (NYSE:NUE). 1,594 were accumulated by Barrett Asset Management Ltd Liability. Accredited Invsts invested in 0.07% or 3,970 shares.

Since October 23, 2017, it had 0 buys, and 7 insider sales for $8.43 million activity. 14,313 shares were sold by FERRIOLA JOHN J, worth $917,719 on Tuesday, February 13. 3,000 shares were sold by HAYNES VICTORIA F, worth $207,347. Utermark D. Chad sold $537,659 worth of stock or 9,003 shares. $2.66M worth of Nucor Corporation (NYSE:NUE) shares were sold by HALL LADD R. Frias James D had sold 39,037 shares worth $2.67 million. NAPOLITAN RAYMOND S JR had sold 8,000 shares worth $520,880.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $20.97 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.09 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.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on April, 19 before the open. They expect $1.10 earnings per share, down 0.90% or $0.01 from last year’s $1.11 per share. NUE’s profit will be $349.91 million for 14.98 P/E if the $1.10 EPS becomes a reality. After $0.65 actual earnings per share reported by Nucor Corporation for the previous quarter, Wall Street now forecasts 69.23% EPS growth.

Among 20 analysts covering Nucor Corporation (NYSE:NUE), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Nucor Corporation had 82 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Nucor Corporation (NYSE:NUE) has “Buy” rating given on Tuesday, January 9 by Jefferies. BB&T Capital initiated Nucor Corporation (NYSE:NUE) on Tuesday, November 24 with “Buy” rating. The stock of Nucor Corporation (NYSE:NUE) earned “Neutral” rating by Macquarie Research on Monday, April 24. The stock of Nucor Corporation (NYSE:NUE) has “Buy” rating given on Monday, October 5 by Deutsche Bank. The firm has “Buy” rating by Jefferies given on Monday, June 26. Barclays Capital maintained it with “Overweight” rating and $48.0 target in Tuesday, January 12 report. On Wednesday, September 16 the stock rating was maintained by Jefferies with “Buy”. On Thursday, September 15 the stock rating was maintained by Jefferies with “Buy”. The rating was downgraded by Berenberg to “Hold” on Friday, July 22. As per Friday, October 20, the company rating was maintained by Bank of America.

Generation Investment Management Llp holds 6.42% of its portfolio in Acuity Brands, Inc. for 3.77 million shares. Bronson Point Management Llc owns 136,251 shares or 6.29% of their US portfolio. Moreover, Domini Impact Investments Llc has 5.39% invested in the company for 1,497 shares. The Wisconsin-based Jacobson & Schmitt Advisors Llc has invested 3.54% in the stock. Villere St Denis J & Co Llc, a Louisiana-based fund reported 298,876 shares.

Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has market cap of $5.39 billion. The firm offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, daylighting, special-us, street and roadway, parking garage, and underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It has a 16.43 P/E ratio. It also provides modular wiring products, light emitting diode drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

Analysts await Acuity Brands, Inc. (NYSE:AYI) to report earnings on July, 5. They expect $2.02 earnings per share, down 0.49% or $0.01 from last year’s $2.03 per share. AYI’s profit will be $81.92M for 16.45 P/E if the $2.02 EPS becomes a reality. After $1.72 actual earnings per share reported by Acuity Brands, Inc. for the previous quarter, Wall Street now forecasts 17.44% EPS growth.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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