This afternoon we watched Nucor drop -1.7% to a price of $144.68 per share. The Large-Cap Steel company is now trading -16.57% below its average target price of $173.42. Analysts have set target prices ranging from $150.0 to $240.0 per share for Nucor, and have given the stock an average rating of buy.
Nucor's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.7%. The stock's short ratio is 2.67. The company's insiders own 0.52% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 79.4%. In conclusion, we believe there is mixed market sentiment regarding Nucor.
Institutions Invested in Nucor
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 12% | 28,414,557 | $4,111,017,898 |
| 2024-09-30 | State Farm Mutual Automobile Insurance Co | 10% | 24,561,799 | $3,553,600,899 |
| 2024-09-30 | Blackrock Inc. | 9% | 21,016,345 | $3,040,644,640 |
| 2024-09-30 | State Street Corporation | 5% | 11,427,899 | $1,653,388,343 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 5,861,945 | $848,106,159 |
| 2024-09-30 | Morgan Stanley | 2% | 3,882,927 | $561,781,849 |
| 2024-09-30 | Capital World Investors | 2% | 3,783,729 | $547,429,884 |
| 2024-09-30 | Dimensional Fund Advisors LP | 2% | 3,556,484 | $514,552,079 |
| 2024-09-30 | Northern Trust Corporation | 1% | 3,482,946 | $503,912,601 |
| 2024-09-30 | Pacer Advisors, Inc. | 1% | 3,456,484 | $500,084,079 |
