Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 3-31-2019). This week we’ll take a look at:
Nucor Corporation (NYSE: NUE)
Nucor is the largest steelmaker in the United States by production volume. Nucor uses electric arc furnaces to produce a wide variety of steel products that service all major end markets. Nucor is involved in every phase of the steelmaking value chain, from collecting and processing scrap to manufacturing value-added fabricated steel products.
A quick look at the price chart below for Nucor shows us that the stock is down 12% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 5.69 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Nucor include:
Ken Griffin – 912,708 total shares
Ray Dalio – 635,546 total shares
Cliff Asness – 500,574 total shares
Jim Simons – 158,900 total shares
Joel Greenblatt – 121,507 total shares
Lee Ainslie – 107,920 total shares
Paul Tudor Jones – 77,866 total shares
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