Commercial Metals Company (NYSE:CMC) Shares Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC raised its holdings in Commercial Metals Company (NYSE:CMC) by 34.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,496 shares of the basic materials company’s stock after purchasing an additional 1,929 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Commercial Metals were worth $346,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Park Square Financial Group LLC purchased a new position in Commercial Metals in the 4th quarter valued at $33,000. Heck Capital Advisors LLC purchased a new position in Commercial Metals during the fourth quarter worth about $34,000. UMB Bank n.a. lifted its position in Commercial Metals by 51.9% in the first quarter. UMB Bank n.a. now owns 784 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 268 shares during the period. South Plains Financial Inc. purchased a new stake in Commercial Metals in the 4th quarter valued at approximately $73,000. Finally, Fifth Third Bancorp increased its position in Commercial Metals by 21.2% during the 1st quarter. Fifth Third Bancorp now owns 1,595 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 279 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. started coverage on Commercial Metals in a report on Friday, May 30th. They issued a “neutral” rating and a $52.00 price target for the company. UBS Group reiterated a “neutral” rating on shares of Commercial Metals in a research report on Friday, June 20th. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 target price (down previously from $57.00) on shares of Commercial Metals in a report on Tuesday, June 24th. Morgan Stanley set a $57.50 target price on shares of Commercial Metals in a research report on Wednesday, June 25th. Finally, Wolfe Research upgraded shares of Commercial Metals from a “peer perform” rating to an “outperform” rating in a report on Friday, June 20th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.21.

Commercial Metals Stock Up 0.9%

CMC opened at $52.41 on Friday. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 169.06, a PEG ratio of 2.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 2.86. Commercial Metals Company has a one year low of $37.92 and a one year high of $64.53. The business’s fifty day moving average is $47.98 and its two-hundred day moving average is $47.75.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Monday, June 23rd. The basic materials company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.11). The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.04 billion. Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS. Analysts anticipate that Commercial Metals Company will post 3.09 EPS for the current fiscal year.

Commercial Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, June 30th. Commercial Metals’s payout ratio is 232.26%.

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.