This afternoon we watched Nucor drop -2.2% to a price of $130.26 per share. The Large-Cap Steel company is now trading -15.44% below its average target price of $154.04. Analysts have set target prices ranging from $135.0 to $177.0 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 1.95. 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 78.2%. 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 | $3,701,280,038 |
| 2024-09-30 | State Farm Mutual Automobile Insurance Co | 10% | 24,561,799 | $3,199,419,802 |
| 2024-09-30 | Blackrock Inc. | 9% | 21,016,345 | $2,737,588,984 |
| 2024-09-30 | State Street Corporation | 5% | 11,427,899 | $1,488,598,060 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 5,861,945 | $763,576,923 |
| 2024-09-30 | Morgan Stanley | 2% | 3,882,927 | $505,790,049 |
| 2024-09-30 | Capital World Investors | 2% | 3,783,729 | $492,868,518 |
| 2024-09-30 | Dimensional Fund Advisors LP | 2% | 3,556,484 | $463,267,586 |
| 2024-09-30 | Northern Trust Corporation | 1% | 3,482,946 | $453,688,526 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 2,794,228 | $363,976,123 |
