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. This week we’ll take a look at:
Nucor Corporation (NYSE: NUE)
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 32% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.64 which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Nucor include:
Jim Simons – 1,268,652 shares
Ken Griffin – 1,152,909 shares
Cliff Asness – 481,148 shares
Ken Fisher – 162,357 shares
Joel Greenblatt – 117,640 shares
Ray Dalio – 70,539 shares
Steve Cohen – 48,522 shares
Paul Tudor Jones – 5,217 shares
Mario Gabelli – 3,690 shares
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