EMC Capital Management Has $258,000 Stake in Commercial Metals (NYSE:CMC)

EMC Capital Management lowered its holdings in Commercial Metals (NYSE:CMCFree Report) by 75.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,193 shares of the basic materials company’s stock after selling 16,013 shares during the quarter. EMC Capital Management’s holdings in Commercial Metals were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. nVerses Capital LLC bought a new stake in Commercial Metals during the third quarter worth $66,000. GAMMA Investing LLC grew its stake in shares of Commercial Metals by 56.6% in the 4th quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 944 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Commercial Metals by 10.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 254 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Commercial Metals during the fourth quarter valued at about $134,000. Finally, KBC Group NV boosted its holdings in Commercial Metals by 15.9% during the third quarter. KBC Group NV now owns 3,099 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Commercial Metals Stock Performance

Shares of CMC stock opened at $49.09 on Friday. The firm’s 50 day moving average is $53.74 and its 200 day moving average is $54.50. The stock has a market capitalization of $5.58 billion, a P/E ratio of 44.22, a PEG ratio of 2.59 and a beta of 1.19. Commercial Metals has a 12 month low of $45.50 and a 12 month high of $64.53. The company has a current ratio of 2.76, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29.

Commercial Metals (NYSE:CMCGet Free Report) last posted its earnings results on Monday, January 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.85 billion. Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.49 earnings per share. On average, sell-side analysts anticipate that Commercial Metals will post 3.09 earnings per share for the current year.

Commercial Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, January 16th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, January 16th. Commercial Metals’s payout ratio is 64.86%.

Wall Street Analyst Weigh In

Several research firms have commented on CMC. Jefferies Financial Group decreased their price objective on shares of Commercial Metals from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group initiated coverage on Commercial Metals in a report on Monday, December 2nd. They set a “buy” rating and a $75.00 price target on the stock. Wolfe Research cut Commercial Metals from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 9th. BMO Capital Markets lowered their target price on Commercial Metals from $62.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, January 3rd. Finally, BNP Paribas lowered shares of Commercial Metals from an “outperform” rating to a “neutral” rating in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.83.

Read Our Latest Stock Report on CMC

Commercial Metals Company Profile

(Free Report)

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.

Featured Stories

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:CMCFree Report).

Institutional Ownership by Quarter for Commercial Metals (NYSE:CMC)

Receive News & Ratings for Commercial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals and related companies with MarketBeat.com's FREE daily email newsletter.