Jones Financial Companies Lllp Purchases 297 Shares of Commercial Metals (NYSE:CMC)

Jones Financial Companies Lllp lifted its position in shares of Commercial Metals (NYSE:CMC) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,646 shares of the basic materials company’s stock after purchasing an additional 297 shares during the period. Jones Financial Companies Lllp’s holdings in Commercial Metals were worth $82,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in Commercial Metals by 6.4% during the third quarter. Assetmark Inc. now owns 4,602 shares of the basic materials company’s stock worth $253,000 after buying an additional 277 shares during the last quarter. Atria Investments Inc purchased a new stake in Commercial Metals during the third quarter worth about $290,000. KBC Group NV increased 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 buying an additional 425 shares during the last quarter. Seizert Capital Partners LLC increased its holdings 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 worth $4,170,000 after buying an additional 18,600 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Commercial Metals during the third quarter worth about $1,008,000. 86.90% of the stock is owned by institutional investors.

Commercial Metals Stock Performance

Commercial Metals stock opened at $46.33 on Monday. The firm’s 50 day simple moving average is $49.03 and its 200 day simple moving average is $52.95. The company has a current ratio of 2.76, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.26 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.17. Commercial Metals has a 1-year low of $42.62 and a 1-year high of $64.53.

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

Commercial Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Thursday, January 16th were paid a $0.18 dividend. The ex-dividend date was Thursday, January 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. Commercial Metals’s dividend payout ratio is presently 64.86%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a report on Monday, December 2nd. They set a “buy” rating and a $75.00 price objective for the company. UBS Group upgraded shares of Commercial Metals from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $56.00 to $54.00 in a research note on Friday, January 10th. BNP Paribas lowered shares of Commercial Metals from an “outperform” rating to a “neutral” rating in a research report on Friday, January 3rd. Jefferies Financial Group lowered their price target on shares of Commercial Metals from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets lowered their price target on shares of Commercial Metals from $62.00 to $58.00 and set a “market perform” rating on the stock in a research report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Commercial Metals presently has an average rating of “Hold” and an average price target of $61.83.

About Commercial Metals

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.