Rep. Jefferson Shreve Sells Off Shares of Nucor Co. (NYSE:NUE)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Nucor Co. NYSE: NUE. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Nucor stock on March 31st. 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

NUE traded up $1.67 during trading on Friday, hitting $110.62. The company's stock had a trading volume of 2,125,581 shares, compared to its average volume of 2,072,918. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.96 and a beta of 1.67. Nucor Co. has a twelve month low of $97.59 and a twelve month high of $193.61. The business's fifty day simple moving average is $125.13 and its 200 day simple moving average is $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.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating 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 previous year, the company posted $3.16 EPS. On average, equities research analysts forecast that Nucor Co. will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued 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 yield of 1.99%. Nucor's payout ratio is 26.16%.

Hedge Funds Weigh In On Nucor

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Nucor by 15.8% during the third quarter. Wellington Management Group LLP now owns 249,984 shares of the basic materials company's stock worth $37,583,000 after purchasing an additional 34,149 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Nucor by 82.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,523 shares of the basic materials company's stock worth $680,000 after buying an additional 2,045 shares in the last quarter. Geode Capital Management LLC boosted its position in Nucor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company's stock valued at $883,732,000 after buying an additional 74,569 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of Nucor by 4.0% in the third quarter. Coldstream Capital Management Inc. now owns 4,677 shares of the basic materials company's stock worth $704,000 after acquiring an additional 181 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Nucor by 76.2% in the third quarter. Sunbelt Securities Inc. now owns 2,589 shares of the basic materials company's stock valued at $389,000 after acquiring an additional 1,120 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $164.00 price objective on Nucor in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their price target on Nucor from $156.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday. Argus set a $155.00 price objective on Nucor in a research note on Wednesday, March 5th. Jefferies Financial Group lifted their target price on shares of Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nucor presently has an average rating of "Moderate Buy" and a consensus target price of $160.33.

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.