Commercial Metals (NYSE:CMC) Stock Holdings Lifted by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its position in shares of Commercial Metals (NYSE:CMC) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,668 shares of the basic materials company’s stock after purchasing an additional 565 shares during the period. Hantz Financial Services Inc.’s holdings in Commercial Metals were worth $861,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CMC. Seizert Capital Partners LLC raised its position in Commercial Metals by 32.5% during the third quarter. Seizert Capital Partners LLC now owns 75,873 shares of the basic materials company’s stock valued at $4,170,000 after acquiring an additional 18,600 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Commercial Metals by 87.8% during the 3rd quarter. Intech Investment Management LLC now owns 36,392 shares of the basic materials company’s stock worth $2,000,000 after purchasing an additional 17,010 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Commercial Metals by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,462,317 shares of the basic materials company’s stock valued at $80,369,000 after purchasing an additional 18,262 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Commercial Metals by 19.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 302,192 shares of the basic materials company’s stock valued at $16,618,000 after purchasing an additional 48,453 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C bought a new stake in Commercial Metals in the second quarter worth $721,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Trading Up 0.5 %

Shares of NYSE:CMC opened at $61.69 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.78 and a current ratio of 3.94. The stock’s 50-day moving average is $56.45 and its 200-day moving average is $54.89. The company has a market cap of $7.03 billion, a P/E ratio of 14.90, a P/E/G ratio of 2.74 and a beta of 1.14. Commercial Metals has a 52-week low of $44.78 and a 52-week high of $63.40.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, October 17th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.07 billion. Commercial Metals had a net margin of 6.13% and a return on equity of 12.20%. Equities research analysts predict that Commercial Metals will post 4.26 earnings per share for the current year.

Commercial Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, October 31st. Commercial Metals’s dividend payout ratio (DPR) is currently 17.39%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMC. Wolfe Research lowered Commercial Metals from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Commercial Metals in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, BMO Capital Markets set a $62.00 target price on Commercial Metals and gave the stock a “market perform” rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.25.

Commercial Metals Company Profile

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.