This morning we watched Nucor drop -5.9% to a price of $115.82 per share. The Large-Cap Steel company is now trading -24.38% below its average target price of $153.15. Analysts have set target prices ranging from $135.0 to $175.0 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 2.6%. The stock's short ratio is 1.75. The company's insiders own 0.55% 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 79.8%. In conclusion, we believe there is mixed market sentiment regarding Nucor.
Institutions Invested in Nucor
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 12% | 28,213,656 | $3,267,705,629 |
| 2024-12-31 | State Farm Mutual Automobile Insurance Co | 11% | 24,496,294 | $2,837,160,763 |
| 2024-12-31 | Blackrock Inc. | 9% | 20,268,086 | $2,347,449,714 |
| 2024-12-31 | State Street Corporation | 5% | 11,680,136 | $1,352,793,347 |
| 2024-12-31 | Geode Capital Management, LLC | 3% | 5,967,254 | $691,127,356 |
| 2024-12-31 | Morgan Stanley | 2% | 3,910,625 | $452,928,586 |
| 2024-12-31 | Dimensional Fund Advisors LP | 2% | 3,533,894 | $409,295,602 |
| 2024-12-31 | NORGES BANK | 1% | 3,410,825 | $395,041,750 |
| 2024-12-31 | Northern Trust Corporation | 1% | 3,333,344 | $386,067,901 |
| 2024-12-31 | Capital World Investors | 1% | 3,064,332 | $354,910,931 |
