Nucor Com (NUE) Share Value Declined While Mader & Shannon Wealth Management Boosted Stake; Main Street Research Has Decreased Position in Merck & Co (MRK) by $308,896

April 16, 2018 - By Dolores Ford

Merck & Co., Inc. (NYSE:MRK) Logo

Mader & Shannon Wealth Management Inc increased its stake in Nucor Corp Com (NUE) by 134.8% based on its latest 2017Q4 regulatory filing with the SEC. Mader & Shannon Wealth Management Inc bought 34,318 shares as the company’s stock declined 6.71% with the market. The institutional investor held 59,776 shares of the steel and iron ore company at the end of 2017Q4, valued at $3.80M, up from 25,458 at the end of the previous reported quarter. Mader & Shannon Wealth Management Inc who had been investing in Nucor Corp Com for a number of months, seems to be bullish on the $19.77B market cap company. The stock increased 0.84% or $0.52 during the last trading session, reaching $62.15. About 404,535 shares traded. Nucor Corporation (NYSE:NUE) has risen 1.23% since April 16, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.

Main Street Research Llc decreased its stake in Merck & Co Inc (MRK) by 43.15% based on its latest 2017Q4 regulatory filing with the SEC. Main Street Research Llc sold 5,516 shares as the company’s stock declined 4.63% with the market. The institutional investor held 7,268 shares of the health care company at the end of 2017Q4, valued at $409,000, down from 12,784 at the end of the previous reported quarter. Main Street Research Llc who had been investing in Merck & Co Inc for a number of months, seems to be less bullish one the $157.48 billion market cap company. The stock increased 2.30% or $1.3149 during the last trading session, reaching $58.4849. About 10.63M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 16, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Among 20 analysts covering Nucor Corporation (NYSE:NUE), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Nucor Corporation had 81 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 4 by Jefferies. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. Jefferies maintained Nucor Corporation (NYSE:NUE) rating on Wednesday, July 19. Jefferies has “Buy” rating and $6800 target. The rating was maintained by Jefferies on Tuesday, October 17 with “Buy”. The stock has “Buy” rating by Jefferies on Wednesday, January 31. On Friday, November 17 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was upgraded on Friday, June 24 by Argus Research. Deutsche Bank maintained it with “Buy” rating and $73 target in Monday, December 5 report. Morgan Stanley upgraded Nucor Corporation (NYSE:NUE) on Monday, February 13 to “Overweight” rating. Jefferies maintained the stock with “Buy” rating in Monday, June 26 report.

Since October 23, 2017, it had 0 buys, and 7 selling transactions for $8.43 million activity. 9,003 shares were sold by Utermark D. Chad, worth $537,659 on Friday, October 27. Shares for $207,347 were sold by HAYNES VICTORIA F. On Monday, March 19 NAPOLITAN RAYMOND S JR sold $520,880 worth of Nucor Corporation (NYSE:NUE) or 8,000 shares. Frias James D sold $2.67 million worth of Nucor Corporation (NYSE:NUE) on Monday, February 19. HALL LADD R had sold 39,037 shares worth $2.66 million on Monday, February 19.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.04, from 0.89 in 2017Q3. It is positive, 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. Security Financial Bank Of So Dak stated it has 1.03% in Nucor Corporation (NYSE:NUE). Flippin Bruce & Porter accumulated 1.11% or 82,233 shares. Lombard Odier Asset Mngmt (Europe) holds 3,966 shares or 0.02% of its portfolio. 20,660 were reported by Eqis Mgmt. Alpine Woods Capital Investors Limited Liability, a New York-based fund reported 27,200 shares. Midas Mngmt Corp reported 0.09% stake. 4,168 are owned by Karpus Mgmt. Nordea Management reported 0.01% stake. Capital Finance Advisers Lc holds 0.02% or 36,312 shares. Department Mb Comml Bank N A holds 0% of its portfolio in Nucor Corporation (NYSE:NUE) for 182 shares. 50 were reported by Focused Wealth. Pacific Heights Asset Management Limited Liability Company stated it has 0.67% of its portfolio in Nucor Corporation (NYSE:NUE). Tortoise Mngmt Limited Liability reported 0.01% in Nucor Corporation (NYSE:NUE). Segment Wealth Management Limited Liability Company holds 4,377 shares. Hellman Jordan Ma invested in 0.41% or 4,100 shares.

Mader & Shannon Wealth Management Inc, which manages about $143.46 million and $136.79M US Long portfolio, decreased its stake in Ishares Iboxx $ Invmnt Grd Corp Bd Etf (LQD) by 3,517 shares to 35,563 shares, valued at $4.32 million in 2017Q4, according to the filing.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on May, 1. They expect $0.99 EPS, up 12.50% or $0.11 from last year’s $0.88 per share. MRK’s profit will be $2.67 billion for 14.77 P/E if the $0.99 EPS becomes a reality. After $0.98 actual EPS reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts 1.02% EPS growth.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.12, from 1.06 in 2017Q3. It worsened, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Blume Cap Mgmt invested in 0.04% or 1,400 shares. Riggs Asset Managment has invested 0.03% in Merck & Co., Inc. (NYSE:MRK). Torch Wealth Management stated it has 25,141 shares or 0.86% of all its holdings. Ny State Common Retirement Fund has 0.56% invested in Merck & Co., Inc. (NYSE:MRK). Sprucegrove Mgmt owns 104,200 shares. Truepoint Inc invested in 0.03% or 5,170 shares. Davis R M has invested 0.55% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Prospector Prns Limited Liability Company invested in 1.42% or 172,848 shares. Glg Ltd Liability Corp invested 0.58% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Karpas Strategies Ltd Liability holds 3.36% in Merck & Co., Inc. (NYSE:MRK) or 139,388 shares. Daiwa Sb reported 145,960 shares. United Cap Advisers Ltd Limited Liability Company stated it has 679,700 shares or 0.3% of all its holdings. Cambridge accumulated 17,659 shares. Choate Investment holds 68,895 shares or 0.2% of its portfolio. 5.58M are held by Primecap Mngmt Company Ca.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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