Nucor Corporation (NUE) is experiencing numerous investment actions and earning fluctuations. Institutional shareholders, who control 79-80% of the company, along with various financial institutions, continue to adjust their stakes. For instance,
Gulf International Bank, Optimum Investment Advisors, First Hawaiian Bank, and Banque Cantonale Vaudoise have increased their stakes, while Nomura Holdings Inc, SageView Advisory Group LLC, and Vanguard Group Inc have trimmed theirs. The company is also drawing new investments from HighPoint Advisor Group LLC and Rise Advisors LLC. Some noteworthy transactions include Allen Behr selling 10,000 shares and Kenneth Query unloading 5,500 shares. The company’s Q1 and Q2 earnings, as well as 2024 outlook, have had mixed receptions. Earnings target for Q2 2024 has been trimmed by BMO Capital, with the corporation itself announcing guidance for lower Q2 earnings amidst weaker steel prices. Nonetheless, Nucor's attractive dividends continue to draw interest, and it remains a top 5 dividend aristocrat stock. Nucor's profile is further boosted by strategic business movements like the $565M acquisition of Rytec and prospective $860M Rebar micro mill in Quincy. However, the stock has had some performance dips in the current market conditions.
Nucor Corporation NUE News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 13:18:19 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -2
