Nucor Corporation (NUE) continues to garner attention as it makes significant
HR leadership changes, including the promotion of a 35-year veteran and the addition of an industry expert to its executive team. On the financial front, the company is predominantly
owned by institutional owners, who hold 79% and later 77% of the shares, revealing a significant concentration of ownership. Despite this,
investor confidence has been rocked with the company's shares dipping 14% due to an EVP retirement, and falling another 20% over three months. Additionally,
Wall Street projections suggest a potential decline in earnings, and the company itself expects a first-quarter profit below estimates due to lower steel pricing. This negative financial outlook is further fueled by reports of insiders selling US$12m in stock. However, renowned analyst
Jim Cramer remains bullish on NUE, stressing his belief in its strength as a
steel giant, even amid potential market problems. There is also hope as Nucor prepares to report its Q1 2025 Financial Results and its new executive additions could potentially steer the company toward a more profitable path.
Nucor Corporation NUE News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Fri, 25 Apr 2025 17:28:52 GMT -
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- Innovation 4
- Information 7
- Rumor -3
