Capital Fund Management S.A. Makes New $2.65 Million Investment in Commercial Metals (NYSE:CMC)

Capital Fund Management S.A. purchased a new position in shares of Commercial Metals (NYSE:CMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,460 shares of the basic materials company's stock, valued at approximately $2,652,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMC. Heck Capital Advisors LLC bought a new stake in shares of Commercial Metals in the 4th quarter worth about $34,000. V Square Quantitative Management LLC increased its holdings in Commercial Metals by 60.7% in the fourth quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company's stock valued at $35,000 after buying an additional 267 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Commercial Metals by 22.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,646 shares of the basic materials company's stock valued at $82,000 after buying an additional 297 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Commercial Metals during the 4th quarter worth approximately $105,000. Finally, Amundi grew its position in shares of Commercial Metals by 29.9% in the 4th quarter. Amundi now owns 2,189 shares of the basic materials company's stock worth $108,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Insider Buying and Selling at Commercial Metals

In other Commercial Metals news, Director John R. Mcpherson purchased 2,475 shares of the business's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $40.42 per share, with a total value of $100,039.50. Following the acquisition, the director now owns 15,141 shares of the company's stock, valued at $611,999.22. The trade was a 19.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BNP Paribas cut Commercial Metals from an "outperform" rating to a "neutral" rating in a research note on Friday, January 3rd. Jefferies Financial Group lowered 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 report on Monday, January 6th. BMO Capital Markets cut their target price on shares of Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a report on Friday, March 21st. UBS Group dropped their price target on Commercial Metals from $54.00 to $49.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, Morgan Stanley lowered their price objective on Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $60.33.

Commercial Metals Stock Performance

Shares of NYSE:CMC traded up $0.62 on Friday, hitting $42.32. The company's stock had a trading volume of 888,354 shares, compared to its average volume of 953,948. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. Commercial Metals has a 12 month low of $37.92 and a 12 month high of $64.53. The stock's 50-day moving average is $46.23 and its two-hundred day moving average is $51.45.

Commercial Metals (NYSE:CMC - Get Free Report) last announced its earnings results on Thursday, March 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.05). Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The business's quarterly revenue was down 5.1% on a year-over-year basis. On average, equities research analysts forecast that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. Commercial Metals's dividend payout ratio (DPR) is 120.00%.

Commercial Metals 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.