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

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 Stock Up 0.1 %

Shares of NUE traded up $0.10 during mid-day trading on Wednesday, hitting $110.58. 213,838 shares of the company’s stock were exchanged, compared to its average volume of 2,053,583. Nucor Co. has a 52 week low of $97.59 and a 52 week high of $195.96. The company has a 50-day simple moving average of $126.64 and a 200 day simple moving average of $134.01. The company has a market cap of $25.49 billion, a PE ratio of 13.14, a P/E/G ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period in the previous year, the business posted $3.16 earnings per share. On average, research analysts forecast that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, March 31st. Nucor’s dividend payout ratio is 26.16%.

Institutional Investors Weigh In On Nucor

A number of institutional investors have recently made changes to their positions in NUE. Norges Bank bought a new position in Nucor during the 4th quarter worth approximately $398,077,000. GAMMA Investing LLC lifted its stake in shares of Nucor by 17,785.0% in the 1st quarter. GAMMA Investing LLC now owns 505,789 shares of the basic materials company’s stock valued at $60,867,000 after purchasing an additional 502,961 shares during the period. First Trust Advisors LP boosted its position in shares of Nucor by 24.6% during the 4th quarter. First Trust Advisors LP now owns 2,404,477 shares of the basic materials company’s stock valued at $280,627,000 after purchasing an additional 474,274 shares in the last quarter. Voya Investment Management LLC grew its stake in Nucor by 528.6% during the fourth quarter. Voya Investment Management LLC now owns 507,715 shares of the basic materials company’s stock worth $59,235,000 after purchasing an additional 426,949 shares during the period. Finally, Invesco Ltd. grew its stake in Nucor by 18.7% during the fourth quarter. Invesco Ltd. now owns 2,435,265 shares of the basic materials company’s stock worth $284,220,000 after purchasing an additional 384,205 shares during the period. Institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NUE shares. Citigroup dropped their price target on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group cut their price objective 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. Argus set a $155.00 price target on shares of Nucor in a research note on Wednesday, March 5th. Morgan Stanley set a $164.00 price objective on shares of Nucor in a research note on Monday, March 24th. Finally, Jefferies Financial Group lifted their price objective on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Nucor currently has a consensus 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 [email protected] 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.