Virtus Investment Advisers INC Has Increased Nucor Corp (NUE) Holding by $4.90 Million as Market Valuation Declined

May 18, 2018 - By Michael Collier

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It improved, as 53 investors sold NUE 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. Comerica Securities holds 0.7% or 87,327 shares. Boys Arnold holds 11,579 shares. Sfe Invest Counsel has 14,580 shares for 0.37% of their portfolio. Grassi Invest Management has invested 0.8% in Nucor Corporation (NYSE:NUE). Chevy Chase Trust Holding reported 360,476 shares stake. Hellman Jordan Ma holds 0.41% of its portfolio in Nucor Corporation (NYSE:NUE) for 4,100 shares. Cambridge Inv Rech Advisors has invested 0.04% of its portfolio in Nucor Corporation (NYSE:NUE). Ledyard Financial Bank holds 0.04% of its portfolio in Nucor Corporation (NYSE:NUE) for 5,095 shares. Veritable Limited Partnership reported 8,241 shares. The Australia-based Commonwealth Commercial Bank Of Aus has invested 0.23% in Nucor Corporation (NYSE:NUE). Hanson Mcclain has 423 shares for 0% of their portfolio. 38,015 are owned by Sigma Investment Counselors. Td Asset Mgmt stated it has 357,588 shares. Tower Capital Limited Liability (Trc) stated it has 4,087 shares or 0.03% of all its holdings. Stevens Mgmt LP accumulated 32,993 shares or 0.08% of the stock.

Since February 13, 2018, it had 0 buys, and 6 sales for $7.08 million activity. 39,037 shares were sold by HALL LADD R, worth $2.66M on Monday, February 19. The insider Frias James D sold 39,037 shares worth $2.67 million. $520,880 worth of stock was sold by NAPOLITAN RAYMOND S JR on Monday, March 19. On Tuesday, February 13 the insider FERRIOLA JOHN J sold $917,719.

Virtus Investment Advisers Inc increased its stake in Nucor Corp (NUE) by 90.28% based on its latest 2017Q4 regulatory filing with the SEC. Virtus Investment Advisers Inc bought 158,064 shares as the company’s stock declined 6.71% with the market. The institutional investor held 333,138 shares of the steel and iron ore company at the end of 2017Q4, valued at $10.48 million, up from 175,074 at the end of the previous reported quarter. Virtus Investment Advisers Inc who had been investing in Nucor Corp for a number of months, seems to be bullish on the $20.82 billion market cap company. The stock decreased 0.49% or $0.325 during the last trading session, reaching $65.435. About 908,551 shares traded. Nucor Corporation (NYSE:NUE) has risen 1.23% since May 18, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.

More recent Nucor Corporation (NYSE:NUE) news were published by: Seekingalpha.com which released: “Nucor Sees Further Growth Acceleration” on April 23, 2018. Also Streetinsider.com published the news titled: “Nucor (NUE), Steel Dynamics (STLD) Should Consider Ramping Capital Returns to ’06-’08 Peak Levels – Citi” on May 18, 2018. Streetinsider.com‘s news article titled: “Macquarie Upgrades Nucor (NUE) to Outperform” with publication date: May 17, 2018 was also an interesting one.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 10 analysts covering Nucor (NYSE:NUE), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Nucor had 13 analyst reports since December 20, 2017 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, January 30 report. Credit Suisse upgraded the stock to “Buy” rating in Wednesday, February 7 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 17. On Monday, January 8 the stock rating was maintained by Bank of America with “Buy”. On Tuesday, February 6 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Jefferies maintained the stock with “Buy” rating in Wednesday, January 31 report. Credit Suisse maintained the stock with “Buy” rating in Wednesday, January 31 report. As per Thursday, May 17, the company rating was upgraded by Macquarie Research. Jefferies maintained Nucor Corporation (NYSE:NUE) on Tuesday, January 9 with “Buy” rating. Cowen & Co maintained the shares of NUE in report on Thursday, January 4 with “Hold” rating.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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