Nucor stock is trading -15.3% below its average target price of $169.52 after marking a 2.1% during today's afternoon session. Analysts are giving the Large-Cap Steel company an average rating of buy and target prices ranging from $39.0 to $240.0 per share.
The stock has an average amount of shares sold short at 2.5%, and a short ratio of 3.32. The company's insiders own 0.51% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 79.8% of Nucor's shares being owned by this investor type.
Institutions Invested in Nucor
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 12% | 28,599,035 | $4,106,535,330 |
| 2024-06-30 | State Farm Mutual Automobile Insurance Co | 10% | 24,692,111 | $3,545,540,128 |
| 2024-06-30 | Blackrock Inc. | 9% | 20,446,345 | $2,935,890,603 |
| 2024-06-30 | State Street Corporation | 5% | 11,101,718 | $1,594,095,646 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 5,787,376 | $831,009,298 |
| 2024-06-30 | FMR, LLC | 2% | 5,583,249 | $801,698,703 |
| 2024-06-30 | Dimensional Fund Advisors LP | 2% | 3,909,388 | $561,349,008 |
| 2024-06-30 | Morgan Stanley | 2% | 3,824,043 | $549,094,320 |
| 2024-06-30 | Capital World Investors | 2% | 3,767,602 | $540,989,957 |
| 2024-06-30 | Northern Trust Corporation | 2% | 3,641,970 | $522,950,458 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Nucor.
