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 Stock Down 0.3 %

Shares of Nucor stock traded down $0.28 during midday trading on Tuesday, reaching $110.54. 1,364,864 shares of the company’s stock traded hands, compared to its average volume of 2,060,729. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The company has a market cap of $25.48 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The company’s 50 day simple moving average is $127.09 and its 200 day simple moving average is $134.17. Nucor Co. has a 52 week low of $97.59 and a 52 week high of $195.96.

Nucor (NYSE:NUE) last posted its 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 last year, the firm posted $3.16 EPS. Equities analysts expect that Nucor Co. will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed 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 dividend payout ratio is currently 26.16%.

Institutional Investors Weigh In On Nucor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Nucor in the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in Nucor during the 4th quarter worth approximately $29,000. Putney Financial Group LLC bought a new stake in shares of Nucor in the fourth quarter worth $29,000. New Wave Wealth Advisors LLC bought a new stake in Nucor during the 4th quarter worth about $33,000. Finally, MV Capital Management Inc. boosted its position in Nucor by 73.5% during the first quarter. MV Capital Management Inc. now owns 281 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Nucor from a “hold” rating to a “sell” rating in a report on Monday, April 7th. Morgan Stanley set a $164.00 price target on Nucor in a research note on Monday, March 24th. Argus set a $155.00 price target on shares of Nucor in a research report on Wednesday, March 5th. Jefferies Financial Group raised their price target on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Finally, UBS Group raised shares of Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $156.00 to $160.00 in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.11.

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.