5 Cheap Jim Cramer Stocks to Buy Now

4. Nucor Corporation (NYSE:NUE)

Number of Hedge Fund Holders: 39

PE Ratio (TTM) as of March 28: 5.15

At the close of the fourth quarter of 2022, 39 hedge funds were bullish on Nucor Corporation (NYSE:NUE) and disclosed collective positions worth $551.3 million in the company. This is compared to 41 hedge funds in the previous quarter with stakes worth $402.9 million.

Cramer likes Nucor Corporation (NYSE:NUE), however he noted that “there’s a lot of pressure on the steel companies at this point of the business cycle” and he wants to buy when “the group goes lower”. As of March 28, Nucor Corporation (NYSE:NUE) is trading at a PE multiple of 5x and is offering a forward dividend yield of 1.37%.

As of December 31, Marshall Wace LLP is the top stockholder in Nucor Corporation (NYSE:NUE) and has a stake worth $146.5 million.