First Hawaiian Bank lessened its position in Commercial Metals (NYSE:CMC – Get Rating) by 19.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,205 shares of the basic materials company’s stock after selling 3,014 shares during the period. First Hawaiian Bank’s holdings in Commercial Metals were worth $590,000 as of its most recent filing with the SEC.
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Several other institutional investors and hedge funds also recently made changes to their positions in CMC. Natixis Advisors L.P. boosted its stake in shares of Commercial Metals by 12.5% in the 1st quarter. Natixis Advisors L.P. now owns 12,638 shares of the basic materials company’s stock valued at $526,000 after purchasing an additional 1,402 shares in the last quarter. Bank of Montreal Can lifted its position in Commercial Metals by 14.9% during the 1st quarter. Bank of Montreal Can now owns 13,282 shares of the basic materials company’s stock worth $547,000 after buying an additional 1,727 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Commercial Metals by 11.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,522 shares of the basic materials company’s stock worth $1,853,000 after buying an additional 4,540 shares in the last quarter. APG Asset Management N.V. acquired a new position in Commercial Metals during the 1st quarter worth about $2,188,000. Finally, Great West Life Assurance Co. Can lifted its position in Commercial Metals by 9.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 69,545 shares of the basic materials company’s stock worth $2,980,000 after buying an additional 6,259 shares in the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.
Insider Activity
In related news, CEO Barbara Smith sold 150,000 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $48.11, for a total transaction of $7,216,500.00. Following the completion of the sale, the chief executive officer now directly owns 227,651 shares of the company’s stock, valued at approximately $10,952,289.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.
Commercial Metals Stock Performance
Shares of CMC stock opened at $45.91 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.99 and a quick ratio of 1.97. The stock has a market cap of $5.39 billion, a PE ratio of 4.47 and a beta of 1.31. The stock has a 50-day moving average of $52.76 and a 200-day moving average of $47.49. Commercial Metals has a one year low of $31.47 and a one year high of $58.09.
Commercial Metals (NYSE:CMC – Get Rating) last announced its quarterly earnings results on Thursday, March 23rd. The basic materials company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.16). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.94 billion. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. The business’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. As a group, sell-side analysts expect that Commercial Metals will post 7.64 earnings per share for the current year.
Commercial Metals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Stockholders of record on Monday, April 3rd will be paid a $0.16 dividend. The ex-dividend date is Friday, March 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.39%. Commercial Metals’s dividend payout ratio (DPR) is presently 6.24%.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Commercial Metals in a research report on Wednesday, January 4th. They set a “neutral” rating and a $55.00 price target on the stock. The Goldman Sachs Group upped their price target on shares of Commercial Metals from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 10th. Citigroup boosted their price objective on Commercial Metals from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, February 15th. BMO Capital Markets boosted their price objective on Commercial Metals from $49.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 10th. Finally, StockNews.com began coverage on Commercial Metals in a report on Thursday, March 16th. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Commercial Metals currently has an average rating of “Hold” and a consensus price target of $52.86.
Commercial Metals Company Profile
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Bank of New York Mellon Corp boosted its position in shares of Commercial Metals (NYSE:CMC – Get Rating) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,729,892 shares of the basic materials company’s stock after purchasing an additional 19,628 shares during the period. Bank of New York Mellon Corp owned about 1.47% of Commercial Metals worth $61,378,000 at the end of the most recent quarter.
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Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Commercial Metals by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 13,226,374 shares of the basic materials company’s stock valued at $550,481,000 after purchasing an additional 142,062 shares during the last quarter. FMR LLC increased its position in Commercial Metals by 5.1% in the 2nd quarter. FMR LLC now owns 10,124,695 shares of the basic materials company’s stock valued at $335,128,000 after acquiring an additional 493,455 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Commercial Metals by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,645,358 shares of the basic materials company’s stock valued at $271,260,000 after acquiring an additional 140,355 shares in the last quarter. State Street Corp increased its position in Commercial Metals by 22.3% in the 1st quarter. State Street Corp now owns 7,494,116 shares of the basic materials company’s stock valued at $312,971,000 after acquiring an additional 1,367,997 shares in the last quarter. Finally, Berkley W R Corp increased its position in Commercial Metals by 14.4% in the 2nd quarter. Berkley W R Corp now owns 2,869,104 shares of the basic materials company’s stock valued at $94,967,000 after acquiring an additional 361,600 shares in the last quarter. 84.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on CMC shares. BMO Capital Markets raised their price objective on shares of Commercial Metals from $49.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 10th. The Goldman Sachs Group lifted their price target on shares of Commercial Metals from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 10th. StockNews.com assumed coverage on shares of Commercial Metals in a research report on Thursday, March 16th. They set a “hold” rating for the company. Citigroup lifted their price target on shares of Commercial Metals from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Finally, Bank of America assumed coverage on shares of Commercial Metals in a research report on Wednesday, January 4th. They set a “neutral” rating and a $55.00 price target for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $52.86.
Commercial Metals Stock Performance
Shares of CMC opened at $44.53 on Thursday. Commercial Metals has a 12 month low of $31.47 and a 12 month high of $58.09. The firm has a fifty day simple moving average of $53.00 and a 200 day simple moving average of $47.51. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 4.34 and a beta of 1.31. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30.
Commercial Metals (NYSE:CMC – Get Rating) last announced its earnings results on Monday, January 9th. The basic materials company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.99 by $0.25. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Research analysts forecast that Commercial Metals will post 7.64 EPS for the current fiscal year.
Commercial Metals Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Shareholders of record on Thursday, January 19th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, January 18th. Commercial Metals’s dividend payout ratio is currently 6.24%.
Insider Buying and Selling at Commercial Metals
In other Commercial Metals news, CEO Barbara Smith sold 150,000 shares of the stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $48.11, for a total value of $7,216,500.00. Following the completion of the sale, the chief executive officer now owns 227,651 shares in the company, valued at $10,952,289.61. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Commercial Metals Company Profile
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
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Want to see what other hedge funds are holding CMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Metals (NYSE:CMC – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
North Star Investment Management Corp. acquired a new stake in Commercial Metals (NYSE:CMC – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,980 shares of the basic materials company’s stock, valued at approximately $868,000.
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Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. acquired a new position in shares of Commercial Metals in the 2nd quarter worth approximately $30,000. Accurate Wealth Management LLC acquired a new position in Commercial Metals in the fourth quarter worth $33,000. CWM LLC raised its holdings in shares of Commercial Metals by 40.3% during the third quarter. CWM LLC now owns 1,169 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Commercial Metals by 920.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,020 shares of the basic materials company’s stock worth $42,000 after buying an additional 920 shares during the last quarter. Finally, FourThought Financial LLC boosted its holdings in shares of Commercial Metals by 1,370.9% in the 3rd quarter. FourThought Financial LLC now owns 1,265 shares of the basic materials company’s stock valued at $45,000 after buying an additional 1,179 shares during the period. Institutional investors and hedge funds own 84.30% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Barbara Smith sold 150,000 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $48.11, for a total transaction of $7,216,500.00. Following the completion of the sale, the chief executive officer now owns 227,651 shares in the company, valued at approximately $10,952,289.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CMC shares. The Goldman Sachs Group increased their price objective on shares of Commercial Metals from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 10th. Bank of America initiated coverage on Commercial Metals in a research note on Wednesday, January 4th. They issued a “neutral” rating and a $55.00 target price on the stock. KeyCorp increased their price objective on shares of Commercial Metals from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, January 11th. BMO Capital Markets boosted their target price on shares of Commercial Metals from $49.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 10th. Finally, StockNews.com began coverage on shares of Commercial Metals in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.86.
Commercial Metals Price Performance
Shares of NYSE:CMC opened at $44.82 on Tuesday. The stock’s 50 day moving average price is $53.14 and its 200 day moving average price is $47.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.99 and a quick ratio of 1.97. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 4.37 and a beta of 1.31. Commercial Metals has a 12 month low of $31.47 and a 12 month high of $58.09.
Commercial Metals (NYSE:CMC – Get Rating) last announced its quarterly earnings data on Monday, January 9th. The basic materials company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.25. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.16 billion. Commercial Metals had a return on equity of 33.19% and a net margin of 13.61%. Equities research analysts anticipate that Commercial Metals will post 7.64 earnings per share for the current fiscal year.
Commercial Metals Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 2nd. Investors of record on Thursday, January 19th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.43%. The ex-dividend date was Wednesday, January 18th. Commercial Metals’s dividend payout ratio is presently 6.24%.
Commercial Metals Profile
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
CHURCHILL MANAGEMENT Corp cut its holdings in shares of Commercial Metals (NYSE:CMC – Get Rating) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,806 shares of the basic materials company’s stock after selling 14,558 shares during the period. CHURCHILL MANAGEMENT Corp owned about 0.09% of Commercial Metals worth $5,352,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors L.P. grew its holdings in shares of Commercial Metals by 12.5% during the first quarter. Natixis Advisors L.P. now owns 12,638 shares of the basic materials company’s stock worth $526,000 after purchasing an additional 1,402 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Commercial Metals by 14.9% in the first quarter. Bank of Montreal Can now owns 13,282 shares of the basic materials company’s stock valued at $547,000 after purchasing an additional 1,727 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Commercial Metals by 11.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,522 shares of the basic materials company’s stock worth $1,853,000 after purchasing an additional 4,540 shares during the last quarter. APG Asset Management N.V. acquired a new position in Commercial Metals during the 1st quarter worth $2,188,000. Finally, Great West Life Assurance Co. Can boosted its position in Commercial Metals by 9.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 69,545 shares of the basic materials company’s stock valued at $2,980,000 after buying an additional 6,259 shares during the last quarter. 84.30% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Barbara Smith sold 150,000 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $48.11, for a total value of $7,216,500.00. Following the sale, the chief executive officer now owns 227,651 shares in the company, valued at approximately $10,952,289.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on CMC shares. Bank of America started coverage on Commercial Metals in a research note on Wednesday, January 4th. They set a “neutral” rating and a $55.00 price target on the stock. StockNews.com began coverage on shares of Commercial Metals in a report on Thursday. They set a “hold” rating for the company. BMO Capital Markets raised their price target on Commercial Metals from $49.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 10th. KeyCorp increased their target price on Commercial Metals from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, January 11th. Finally, The Goldman Sachs Group boosted their target price on Commercial Metals from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.86.
Commercial Metals Stock Down 2.2 %
NYSE:CMC traded down $0.99 during trading hours on Friday, reaching $43.35. 439,849 shares of the stock were exchanged, compared to its average volume of 1,158,770. The firm has a 50 day moving average of $53.38 and a 200 day moving average of $47.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.99 and a quick ratio of 1.97. The stock has a market cap of $5.09 billion, a PE ratio of 4.32 and a beta of 1.31. Commercial Metals has a twelve month low of $31.47 and a twelve month high of $58.09.
Commercial Metals (NYSE:CMC – Get Rating) last issued its quarterly earnings results on Monday, January 9th. The basic materials company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.99 by $0.25. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. On average, equities analysts expect that Commercial Metals will post 7.64 earnings per share for the current year.
Commercial Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Investors of record on Thursday, January 19th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, January 18th. Commercial Metals’s payout ratio is currently 6.24%.
Commercial Metals Profile
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
Read More
Want to see what other hedge funds are holding CMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Metals (NYSE:CMC – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Investment analysts at StockNews.com initiated coverage on shares of Commercial Metals (NYSE:CMC – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the basic materials company’s stock.
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A number of other brokerages also recently issued reports on CMC. The Goldman Sachs Group increased their price target on shares of Commercial Metals from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 10th. BMO Capital Markets increased their price target on shares of Commercial Metals from $49.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 10th. Bank of America started coverage on shares of Commercial Metals in a report on Wednesday, January 4th. They set a “neutral” rating and a $55.00 price target on the stock. Citigroup upped their price objective on shares of Commercial Metals from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Finally, KeyCorp upped their price objective on shares of Commercial Metals from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 11th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.86.
Commercial Metals Stock Down 6.9 %
CMC stock opened at $43.24 on Thursday. The firm’s fifty day simple moving average is $53.59 and its 200-day simple moving average is $47.36. Commercial Metals has a 12 month low of $31.47 and a 12 month high of $58.09. The company has a market capitalization of $5.07 billion, a P/E ratio of 4.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.99 and a quick ratio of 1.97.
Commercial Metals (NYSE:CMC – Get Rating) last announced its quarterly earnings results on Monday, January 9th. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.25. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities research analysts forecast that Commercial Metals will post 7.64 earnings per share for the current year.
Insider Activity
In other news, CEO Barbara Smith sold 150,000 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $48.11, for a total value of $7,216,500.00. Following the completion of the sale, the chief executive officer now directly owns 227,651 shares in the company, valued at $10,952,289.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.
Institutional Investors Weigh In On Commercial Metals
Hedge funds have recently modified their holdings of the business. Accurate Wealth Management LLC acquired a new stake in shares of Commercial Metals in the fourth quarter valued at about $33,000. CI Investments Inc. acquired a new stake in shares of Commercial Metals in the fourth quarter valued at about $32,000. Lindbrook Capital LLC increased its position in Commercial Metals by 41.2% during the fourth quarter. Lindbrook Capital LLC now owns 689 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 201 shares during the last quarter. Ronald Blue Trust Inc. acquired a new stake in Commercial Metals during the second quarter worth about $30,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Commercial Metals during the fourth quarter worth about $35,000. 84.30% of the stock is currently owned by institutional investors and hedge funds.
Commercial Metals Company Profile
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Bank of New York Mellon Corp boosted its position in shares of Commercial Metals (NYSE:CMC – Get Rating) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,729,892 shares of the basic materials company’s stock after buying an additional 19,628 shares during the period. Bank of New York Mellon Corp owned 1.47% of Commercial Metals worth $61,378,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new position in shares of Commercial Metals in the 2nd quarter valued at $30,000. CWM LLC increased its stake in Commercial Metals by 40.3% in the third quarter. CWM LLC now owns 1,169 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Commercial Metals by 920.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,020 shares of the basic materials company’s stock valued at $42,000 after buying an additional 920 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Commercial Metals during the second quarter worth about $51,000. Finally, Assetmark Inc. grew its holdings in shares of Commercial Metals by 18.8% during the third quarter. Assetmark Inc. now owns 1,653 shares of the basic materials company’s stock worth $59,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 84.30% of the company’s stock.
Commercial Metals Stock Down 3.4 %
CMC stock opened at $50.56 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $53.67 and its 200 day moving average price is $47.21. Commercial Metals has a 52 week low of $31.47 and a 52 week high of $58.09. The company has a market cap of $5.93 billion, a P/E ratio of 4.93 and a beta of 1.31.
Commercial Metals (NYSE:CMC – Get Rating) last posted its quarterly earnings results on Monday, January 9th. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.25. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.16 billion. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. On average, research analysts expect that Commercial Metals will post 7.64 earnings per share for the current fiscal year.
Commercial Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 2nd. Shareholders of record on Thursday, January 19th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, January 18th. This represents a $0.64 dividend on an annualized basis and a yield of 1.27%. Commercial Metals’s payout ratio is 6.24%.
Insider Buying and Selling at Commercial Metals
In other news, CEO Barbara Smith sold 150,000 shares of Commercial Metals stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $48.11, for a total transaction of $7,216,500.00. Following the completion of the transaction, the chief executive officer now owns 227,651 shares of the company’s stock, valued at approximately $10,952,289.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Bank of America began coverage on Commercial Metals in a research report on Wednesday, January 4th. They set a “neutral” rating and a $55.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Commercial Metals from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 10th. KeyCorp raised their target price on shares of Commercial Metals from $50.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 11th. Citigroup lifted their target price on shares of Commercial Metals from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, February 15th. Finally, BMO Capital Markets increased their price target on shares of Commercial Metals from $49.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.86.
About Commercial Metals
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
AlphaCrest Capital Management LLC lessened its position in Commercial Metals (NYSE:CMC – Get Rating) by 29.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,387 shares of the basic materials company’s stock after selling 7,791 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Commercial Metals were worth $652,000 at the end of the most recent reporting period.
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Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Commercial Metals by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 13,226,374 shares of the basic materials company’s stock valued at $550,481,000 after buying an additional 142,062 shares in the last quarter. FMR LLC lifted its holdings in Commercial Metals by 5.1% during the 2nd quarter. FMR LLC now owns 10,124,695 shares of the basic materials company’s stock valued at $335,128,000 after buying an additional 493,455 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Commercial Metals by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,645,358 shares of the basic materials company’s stock valued at $271,260,000 after buying an additional 140,355 shares in the last quarter. State Street Corp lifted its holdings in Commercial Metals by 22.3% during the 1st quarter. State Street Corp now owns 7,494,116 shares of the basic materials company’s stock valued at $312,971,000 after buying an additional 1,367,997 shares in the last quarter. Finally, Berkley W R Corp lifted its holdings in Commercial Metals by 14.4% during the 2nd quarter. Berkley W R Corp now owns 2,869,104 shares of the basic materials company’s stock valued at $94,967,000 after buying an additional 361,600 shares in the last quarter. Institutional investors own 84.30% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on CMC shares. BMO Capital Markets lifted their price objective on shares of Commercial Metals from $49.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 10th. Citigroup boosted their price target on shares of Commercial Metals from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, February 15th. Bank of America started coverage on shares of Commercial Metals in a report on Wednesday, January 4th. They issued a “neutral” rating and a $55.00 price target for the company. StockNews.com lowered shares of Commercial Metals from a “buy” rating to a “hold” rating in a report on Wednesday, February 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Commercial Metals from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Commercial Metals currently has a consensus rating of “Hold” and an average price target of $52.86.
Insider Transactions at Commercial Metals
In other Commercial Metals news, CEO Barbara Smith sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $48.11, for a total transaction of $7,216,500.00. Following the sale, the chief executive officer now owns 227,651 shares of the company’s stock, valued at approximately $10,952,289.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
Commercial Metals Stock Up 1.5 %
Shares of Commercial Metals stock opened at $52.35 on Thursday. The firm’s 50 day moving average price is $53.63 and its 200-day moving average price is $47.18. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.30. Commercial Metals has a 52-week low of $31.47 and a 52-week high of $58.09. The company has a market cap of $6.14 billion, a P/E ratio of 5.10 and a beta of 1.31.
Commercial Metals (NYSE:CMC – Get Rating) last issued its quarterly earnings data on Monday, January 9th. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.25. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, sell-side analysts predict that Commercial Metals will post 7.64 EPS for the current fiscal year.
Commercial Metals Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 2nd. Stockholders of record on Thursday, January 19th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, January 18th. Commercial Metals’s payout ratio is currently 6.24%.
Commercial Metals Company Profile
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
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Want to see what other hedge funds are holding CMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Metals (NYSE:CMC – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
BlackRock Inc. lessened its holdings in Commercial Metals (NYSE:CMC – Get Rating) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,027,414 shares of the basic materials company’s stock after selling 618,670 shares during the quarter. BlackRock Inc. owned 11.95% of Commercial Metals worth $497,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Commercial Metals by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 13,226,374 shares of the basic materials company’s stock valued at $550,481,000 after purchasing an additional 142,062 shares during the period. FMR LLC grew its stake in Commercial Metals by 5.1% in the 2nd quarter. FMR LLC now owns 10,124,695 shares of the basic materials company’s stock valued at $335,128,000 after purchasing an additional 493,455 shares during the period. Dimensional Fund Advisors LP grew its stake in Commercial Metals by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,645,358 shares of the basic materials company’s stock valued at $271,260,000 after purchasing an additional 140,355 shares during the period. State Street Corp grew its stake in Commercial Metals by 22.3% in the 1st quarter. State Street Corp now owns 7,494,116 shares of the basic materials company’s stock valued at $312,971,000 after purchasing an additional 1,367,997 shares during the period. Finally, Berkley W R Corp grew its stake in shares of Commercial Metals by 14.4% during the 2nd quarter. Berkley W R Corp now owns 2,869,104 shares of the basic materials company’s stock worth $94,967,000 after acquiring an additional 361,600 shares during the period. Institutional investors own 84.30% of the company’s stock.
Insider Buying and Selling at Commercial Metals
In other Commercial Metals news, CEO Barbara Smith sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $48.11, for a total value of $7,216,500.00. Following the sale, the chief executive officer now owns 227,651 shares of the company’s stock, valued at approximately $10,952,289.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Bank of America assumed coverage on Commercial Metals in a research note on Wednesday, January 4th. They set a “neutral” rating and a $55.00 price target for the company. BMO Capital Markets increased their price target on Commercial Metals from $49.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 10th. Citigroup increased their price target on Commercial Metals from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 15th. KeyCorp increased their price target on Commercial Metals from $50.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 11th. Finally, The Goldman Sachs Group increased their price target on Commercial Metals from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Commercial Metals currently has a consensus rating of “Hold” and an average target price of $52.86.
Commercial Metals Stock Performance
Shares of CMC opened at $51.59 on Wednesday. The stock’s 50-day simple moving average is $53.55 and its 200 day simple moving average is $47.15. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 5.03 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.97 and a current ratio of 2.99. Commercial Metals has a 52-week low of $31.47 and a 52-week high of $58.09.
Commercial Metals (NYSE:CMC – Get Rating) last released its quarterly earnings results on Monday, January 9th. The basic materials company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.25. Commercial Metals had a return on equity of 33.19% and a net margin of 13.61%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Research analysts forecast that Commercial Metals will post 7.64 EPS for the current fiscal year.
Commercial Metals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Shareholders of record on Thursday, January 19th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, January 18th. This represents a $0.64 annualized dividend and a dividend yield of 1.24%. Commercial Metals’s payout ratio is currently 6.24%.
About Commercial Metals
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Guggenheim Capital LLC trimmed its stake in Commercial Metals (NYSE:CMC – Get Rating) by 22.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,157 shares of the basic materials company’s stock after selling 8,681 shares during the period. Guggenheim Capital LLC’s holdings in Commercial Metals were worth $1,070,000 at the end of the most recent reporting period.
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A number of other institutional investors and hedge funds have also bought and sold shares of CMC. Ronald Blue Trust Inc. acquired a new stake in Commercial Metals in the second quarter valued at $30,000. CWM LLC grew its holdings in Commercial Metals by 40.3% during the 3rd quarter. CWM LLC now owns 1,169 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 336 shares during the period. Geneos Wealth Management Inc. grew its holdings in Commercial Metals by 920.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,020 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 920 shares during the period. CoreCap Advisors LLC acquired a new stake in Commercial Metals during the 2nd quarter worth about $51,000. Finally, Assetmark Inc. grew its holdings in Commercial Metals by 18.8% during the 3rd quarter. Assetmark Inc. now owns 1,653 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 262 shares during the period. 84.30% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Commercial Metals news, CEO Barbara Smith sold 150,000 shares of Commercial Metals stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $48.11, for a total transaction of $7,216,500.00. Following the transaction, the chief executive officer now owns 227,651 shares of the company’s stock, valued at approximately $10,952,289.61. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.
Commercial Metals Price Performance
Shares of NYSE CMC opened at $52.16 on Tuesday. Commercial Metals has a fifty-two week low of $31.47 and a fifty-two week high of $58.09. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 5.08 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.97 and a current ratio of 2.99. The firm’s 50-day simple moving average is $53.51 and its 200 day simple moving average is $47.08.
Commercial Metals (NYSE:CMC – Get Rating) last posted its earnings results on Monday, January 9th. The basic materials company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.99 by $0.25. Commercial Metals had a net margin of 13.61% and a return on equity of 33.19%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, research analysts anticipate that Commercial Metals will post 7.64 earnings per share for the current fiscal year.
Commercial Metals Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 2nd. Shareholders of record on Thursday, January 19th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, January 18th. This represents a $0.64 annualized dividend and a dividend yield of 1.23%. Commercial Metals’s dividend payout ratio is currently 6.24%.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. BMO Capital Markets increased their price target on Commercial Metals from $49.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, January 10th. Citigroup raised their target price on Commercial Metals from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th. StockNews.com downgraded Commercial Metals from a “buy” rating to a “hold” rating in a research note on Wednesday, February 22nd. KeyCorp raised their target price on Commercial Metals from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, January 11th. Finally, The Goldman Sachs Group raised their target price on Commercial Metals from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Commercial Metals has an average rating of “Hold” and a consensus price target of $52.86.
About Commercial Metals
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
Featured Articles
Want to see what other hedge funds are holding CMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Metals (NYSE:CMC – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Edgestream Partners L.P. increased its holdings in Commercial Metals (NYSE:CMC – Get Rating) by 297.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,949 shares of the basic materials company’s stock after buying an additional 65,064 shares during the period. Edgestream Partners L.P. owned 0.07% of Commercial Metals worth $3,085,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fairholme Capital Management LLC raised its position in shares of Commercial Metals by 3.8% in the third quarter. Fairholme Capital Management LLC now owns 2,377,800 shares of the basic materials company’s stock worth $84,364,000 after buying an additional 86,800 shares in the last quarter. First Trust Advisors LP raised its position in shares of Commercial Metals by 8.1% in the third quarter. First Trust Advisors LP now owns 392,219 shares of the basic materials company’s stock worth $13,916,000 after buying an additional 29,245 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Commercial Metals by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 1,729,892 shares of the basic materials company’s stock worth $61,378,000 after buying an additional 19,628 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Commercial Metals by 143.7% in the third quarter. Commonwealth Equity Services LLC now owns 19,015 shares of the basic materials company’s stock worth $674,000 after buying an additional 11,212 shares in the last quarter. Finally, Delphia USA Inc. purchased a new stake in shares of Commercial Metals in the third quarter worth $447,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.
Commercial Metals Trading Up 1.4 %
Shares of NYSE:CMC traded up $0.72 on Friday, reaching $53.28. 200,881 shares of the company traded hands, compared to its average volume of 1,101,874. The business’s 50-day simple moving average is $53.33 and its 200 day simple moving average is $46.89. Commercial Metals has a 52 week low of $31.47 and a 52 week high of $58.09. The stock has a market capitalization of $6.25 billion, a P/E ratio of 5.12 and a beta of 1.31. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30.
Commercial Metals (NYSE:CMC – Get Rating) last announced its quarterly earnings data on Monday, January 9th. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.25. Commercial Metals had a return on equity of 33.19% and a net margin of 13.61%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, equities analysts anticipate that Commercial Metals will post 7.47 EPS for the current fiscal year.
Commercial Metals Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 2nd. Stockholders of record on Thursday, January 19th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, January 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.20%. Commercial Metals’s dividend payout ratio is currently 6.24%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Bank of America assumed coverage on Commercial Metals in a research report on Wednesday, January 4th. They issued a “neutral” rating and a $55.00 price objective on the stock. StockNews.com cut Commercial Metals from a “buy” rating to a “hold” rating in a research note on Wednesday, February 22nd. BMO Capital Markets increased their target price on Commercial Metals from $49.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 10th. The Goldman Sachs Group increased their target price on Commercial Metals from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 10th. Finally, Citigroup increased their target price on Commercial Metals from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Commercial Metals currently has a consensus rating of “Hold” and an average target price of $52.86.
Insider Transactions at Commercial Metals
In other news, CEO Barbara Smith sold 150,000 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $48.11, for a total transaction of $7,216,500.00. Following the completion of the sale, the chief executive officer now directly owns 227,651 shares in the company, valued at $10,952,289.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.
About Commercial Metals
Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Metals wasn’t on the list.
While Commercial Metals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
