Rep. Jefferson Shreve Buys Nucor Co. (NYSE:NUE) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of Nucor Co. NYSE: NUE. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Nucor stock on March 5th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Nucor Price Performance

Shares of Nucor stock traded up $1.67 during trading on Friday, reaching $110.62. The company's stock had a trading volume of 2,125,581 shares, compared to its average volume of 2,072,918. Nucor Co. has a one year low of $97.59 and a one year high of $193.61. The stock has a 50-day moving average price of $125.13 and a two-hundred day moving average price of $133.15. The company has a current ratio of 2.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $25.50 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same period in the prior year, the firm earned $3.16 earnings per share. As a group, sell-side analysts anticipate that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.99%. Nucor's dividend payout ratio (DPR) is presently 26.16%.

Wall Street Analysts Forecast Growth

NUE has been the topic of a number of recent research reports. StockNews.com upgraded Nucor from a "sell" rating to a "hold" rating in a research report on Friday. Jefferies Financial Group lifted their price objective on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Argus set a $155.00 target price on shares of Nucor in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on shares of Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Morgan Stanley set a $164.00 price target on Nucor in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Canal Capital Management LLC lifted its position in Nucor by 2.5% in the 4th quarter. Canal Capital Management LLC now owns 3,075 shares of the basic materials company's stock valued at $359,000 after acquiring an additional 75 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Nucor by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock valued at $3,111,000 after purchasing an additional 76 shares in the last quarter. Highline Wealth Partners LLC boosted its position in shares of Nucor by 2.6% during the first quarter. Highline Wealth Partners LLC now owns 3,512 shares of the basic materials company's stock worth $423,000 after buying an additional 90 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Nucor by 4.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company's stock worth $252,000 after buying an additional 91 shares during the period. Finally, Jessup Wealth Management Inc grew its holdings in shares of Nucor by 0.9% during the fourth quarter. Jessup Wealth Management Inc now owns 10,528 shares of the basic materials company's stock worth $1,229,000 after buying an additional 93 shares in the last quarter. Institutional investors own 76.48% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.