News

$360,000 of NUCOR CORPORATION lobbying was just disclosed, from Q4 of 2024, in a new Lobbying Disclosure Act filing.

This included lobbying on issues like:

"Affordable and reliable energy supply through development of all resources including clean coal, natural gas, nuclear, wind, solar, and other renewable sources; U.S. supply chain for renewable energy infrastructure.
S. 1411, Prove It Act of 2023 Sustainability of steel produced in the United States in terms of recycled content, recyclability, and emissions and energy intensity reductions; EPA regulatory activities; PM2.5 NAAQS Review; science-based green steel standard focused on reducing GHG emissions regardless of technology; industrial decarbonization in the U.S. through R&D and investment; Federal Buy Clean programs; carbon border policies; permitting reform; EAF slag treatment.
Non-unionized workplace and cooperative workplace safety programs.
H.R. 9334, Steel Modernization Act of 2024 U.S. manufacturing strategy; domestic supply chains; national security; and job creation.
H.R. 8812, Water Resources Development Act of 2024 Infrastructure investments; Buy America provisions and waivers; implementation of Infrastructure Investment and Jobs Act.
H.R. 3882/S. 1856, Leveling the Playing Field 2.0 Act H.R. 7638/S. 3917 Stop Mexico's Steel Surge Act Trade remedy laws and enforcement; industrial subsidies and global markets; disciplines on state-owned enterprises; enhanced enforcement of trade remedy orders by government agencies; excess global steel capacity; trade rules for non-market economies; non-tariff barriers to exports; global arrangement with EU; the Section 232 program regarding steel imports impacting national security; scrap export restrictions.
H.R. 7024, Tax Relief for American Families and Workers Act of 2024; Support innovation, investment, and growth in the manufacturing sector"

You can find more data on corporate lobbying on Quiver Quantitative.

NUE Insider Trading Activity

NUE insiders have traded $NUE stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $NUE stock by insiders over the last 6 months:

• LEON J TOPALIAN (Chair, President and CEO) sold 11,000 shares for an estimated $1,860,239
• DANIEL R. NEEDHAM (Executive Vice President) sold 8,624 shares for an estimated $1,379,840
• KENNETH REX QUERY (Executive Vice President) has made 0 purchases and 2 sales selling 9,000 shares for an estimated $1,321,159.
• GREGORY J MURPHY (Executive Vice President) sold 6,191 shares for an estimated $1,038,973
• STEPHEN D LAXTON (CFO, Treasurer and EVP) sold 4,712 shares for an estimated $798,814
• ALLEN C BEHR (Executive Vice President) sold 4,968 shares for an estimated $793,469

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

NUE Hedge Fund Activity

We have seen 468 institutional investors add shares of NUE stock to their portfolio, and 629 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• FMR LLC removed 3,316,617 shares (-59.4%) from their portfolio in Q3 2024, for an estimated $498,620,199
• MIZUHO SECURITIES USA LLC added 1,576,695 shares (+8530.1%) to their portfolio in Q3 2024, for an estimated $237,040,326
• PACER ADVISORS, INC. added 571,682 shares (+19.8%) to their portfolio in Q3 2024, for an estimated $85,946,671
• BLACKROCK, INC. added 570,000 shares (+2.8%) to their portfolio in Q3 2024, for an estimated $85,693,800
• CEREDEX VALUE ADVISORS LLC added 495,963 shares (+inf%) to their portfolio in Q3 2024, for an estimated $74,563,077
• D. E. SHAW & CO., INC. added 430,568 shares (+136.0%) to their portfolio in Q3 2024, for an estimated $64,731,593
• HOLOCENE ADVISORS, LP removed 411,242 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $61,826,122

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

This article was originally published on Quiver News, read the full story.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.