Nucor Corporation Just Recorded A Sigfniciant Bearish Options Activity


 Nucor Corporation Just Recorded A Sigfniciant Bearish Options Activity

In today’s session Nucor Corporation (NUE) recorded an unusually high (320) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious NUE decrease. With 320 contracts traded and 564 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: NUE161118P00049000 closed last at: $1.8 or 15.1% down. The stock decreased 2.44% or $1.19 during the last trading session, hitting $47.62. About 2.64M shares traded hands. Nucor Corporation (NYSE:NUE) has risen 12.74% since March 2, 2016 and is uptrending. It has outperformed by 3.49% the S&P500.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on October, 27. They expect $1.10 earnings per share, up 54.93% or $0.39 from last year’s $0.71 per share. NUE’s profit will be $345.80 million for 10.82 P/E if the $1.10 EPS becomes a reality. After $0.73 actual earnings per share reported by Nucor Corporation for the previous quarter, Wall Street now forecasts 50.68% EPS growth.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Out of 14 analysts covering Nucor Corporation (NYSE:NUE), 7 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 50% are positive. Nucor Corporation has been the topic of 30 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Wednesday, July 6. The company was initiated on Monday, December 28 by Standpoint Research. Macquarie Research maintained the shares of NUE in a report on Tuesday, December 22 with “Neutral” rating. Bank of America downgraded the stock to “Neutral” rating in Wednesday, July 20 report. The rating was maintained by Rosenblatt with “Neutral” on Tuesday, May 10. On Friday, October 16 the stock rating was initiated by Rosenblatt with “Neutral”. The stock has “Overweight” rating given by Barclays Capital on Tuesday, January 12. On Wednesday, June 8 the stock rating was maintained by Credit Suisse with “Neutral”. The firm earned “Overweight” rating on Monday, October 5 by Barclays Capital. The company was maintained on Monday, October 26 by Cowen & Co.

Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.03, from 1.07 in 2016Q1. The ratio improved, as 43 funds sold all Nucor Corporation shares owned while 216 reduced positions. 75 funds bought stakes while 211 increased positions. They now own 243.85 million shares or 4.24% less from 254.64 million shares in 2016Q1.
Pittenger Anderson Inc accumulated 3,625 shares or 0.02% of the stock. Blair William & Company Il holds 4,701 shares or 0% of its portfolio. The Vermont-based Hanson And Doremus Investment Mgmt has invested 0.02% in Nucor Corporation (NYSE:NUE). Kimelman Baird Limited Liability accumulated 45,910 shares or 0.41% of the stock. Winslow Evans & Crocker holds 0% of its portfolio in Nucor Corporation (NYSE:NUE) for 100 shares. Sii Inc Wi owns 51,013 shares or 0.21% of their US portfolio. Capital International Sarl last reported 0.03% of its portfolio in the stock. Hartford Mngmt reported 3,516 shares or 0.1% of all its holdings. Springbok Capital Mngmt Ltd Liability Corporation last reported 6,279 shares in the company. Moreover, Point72 Asia (Hong Kong) Ltd has 0.02% invested in Nucor Corporation (NYSE:NUE) for 300 shares. Clinton Gru reported 226,479 shares or 0.49% of all its holdings. Northern has 5.48 million shares for 0.09% of their US portfolio. Moreover, Brookfield Asset Mngmt Inc has 0% invested in Nucor Corporation (NYSE:NUE) for 6,200 shares. Bank & Trust Of Montreal Can reported 450,440 shares or 0.03% of all its holdings. Sg Americas Secs Limited Liability Corp, a New York-based fund reported 45,232 shares.

Insider Transactions: Since April 28, 2016, the stock had 0 insider purchases, and 7 insider sales for $12.97 million net activity. 2,050 shares were sold by Utermark D. Chad, worth $103,822 on Thursday, April 28. HALL LADD R sold $4.84M worth of stock. $478,269 worth of Nucor Corporation (NYSE:NUE) was sold by Frias James D. The insider DARSEY JAMES R sold 71,465 shares worth $3.75 million. 12,128 shares were sold by FERRIOLA JOHN J, worth $656,345. On Monday, July 25 the insider NAPOLITAN RAYMOND S JR sold $523,899. Stratman Robert J had sold 52,631 shares worth $2.63M on Friday, April 29.

Nucor Corporation manufactures steel and steel products. The company has a market cap of $14.97 billion. The Firm also produces direct reduced iron (DRI) for use in the Company’s steel mills. It has a 32.58 P/E ratio. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI.

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