Braun Stacey Associates INC Cut Holding in Nucor Corp (NUE) as Valuation Declined

October 6, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.08, from 1.32 in 2017Q1. It fall, as 57 investors sold NUE shares while 200 reduced holdings. 94 funds opened positions while 224 raised stakes. 235.76 million shares or 1.71% less from 239.86 million shares in 2017Q1 were reported. Abner Herrman Brock Ltd Liability holds 0.58% of its portfolio in Nucor Corporation (NYSE:NUE) for 53,015 shares. Bessemer Gp holds 24,406 shares. Dorsey & Whitney Trust Limited Com reported 3,739 shares. Braun Stacey Assocs Inc owns 0.61% invested in Nucor Corporation (NYSE:NUE) for 162,426 shares. Nbt Natl Bank N A accumulated 19,240 shares. Peregrine Asset Advisers holds 63,141 shares. Neuberger Berman Group Ltd reported 137,789 shares. Ngam Advsr Ltd Partnership reported 130,067 shares stake. Tdam Usa Inc holds 0.02% or 5,784 shares. Bankshares Of The Ozarks invested in 0.42% or 20,240 shares. 561,247 are owned by Asset Mngmt One Com Ltd. First Comml Bank owns 86,951 shares. Farmers & Merchants Invs Incorporated has 79,475 shares. Northwest Invest Counselors Limited Liability Com invested in 206 shares or 0.01% of the stock. First Mercantile Trust Co accumulated 1,627 shares.

Braun Stacey Associates Inc decreased its stake in Nucor Corp (NUE) by 25.51% based on its latest 2017Q2 regulatory filing with the SEC. Braun Stacey Associates Inc sold 55,615 shares as the company’s stock declined 11.33% while stock markets rallied. The institutional investor held 162,426 shares of the steel and iron ore company at the end of 2017Q2, valued at $9.40M, down from 218,041 at the end of the previous reported quarter. Braun Stacey Associates Inc who had been investing in Nucor Corp for a number of months, seems to be less bullish one the $17.90B market cap company. The stock declined 1.09% or $0.62 reaching $56.05 per share. About 913,623 shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since October 6, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Braun Stacey Associates Inc, which manages about $3.55B and $1.54 billion US Long portfolio, upped its stake in American Wtr Wks Co Inc New Co (NYSE:AWK) by 39,085 shares to 106,870 shares, valued at $8.33 million in 2017Q2, according to the filing.

Analysts expect Nucor Corporation (NYSE:NUE) to report $1.06 EPS on October, 19.They anticipate $0.18 EPS change or 20.45 % from last quarter’s $0.88 EPS. NUE’s profit would be $338.52 million giving it 13.22 P/E if the $1.06 EPS is correct. After having $1.00 EPS previously, Nucor Corporation’s analysts see 6.00 % EPS growth.

More important recent Nucor Corporation (NYSE:NUE) news were published by: Nasdaq.com which released: “Nucor Corporation (NUE) Ex-Dividend Date Scheduled for September 28, 2017” on September 20, 2017, also Prnewswire.com published article titled: “Nucor Announces 178th Consecutive Cash Dividend”, Seekingalpha.com published: “Nucor: Potential Catalysts” on September 12, 2017. More interesting news about Nucor Corporation (NYSE:NUE) was released by: Fool.com and their article: “The best is yet to come” with publication date: October 03, 2017.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Nucor Corporation had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Nucor Corporation (NYSE:NUE) has “Overweight” rating given on Tuesday, January 12 by Barclays Capital. The rating was initiated by Rosenblatt with “Neutral” on Friday, October 16. The stock has “Hold” rating by Cowen & Co on Friday, September 22. The rating was maintained by Barclays Capital on Wednesday, July 13 with “Overweight”. Longbow upgraded the shares of NUE in report on Monday, June 19 to “Buy” rating. The firm has “Neutral” rating by Credit Suisse given on Wednesday, March 23. The firm has “Buy” rating given on Thursday, September 14 by Citigroup. Barclays Capital maintained Nucor Corporation (NYSE:NUE) rating on Monday, October 5. Barclays Capital has “Overweight” rating and $50 target. The firm has “Buy” rating given on Thursday, September 15 by Jefferies. On Wednesday, November 9 the stock rating was upgraded by Bank of America to “Buy”.

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