Universal Beteiligungs und Servicegesellschaft mbH Has $2.08 Million Stock Position in Commercial Metals Company (NYSE:CMC)

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Commercial Metals Company (NYSE:CMC - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,122 shares of the basic materials company's stock after selling 45,100 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Commercial Metals were worth $2,076,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CMC. Park Square Financial Group LLC acquired a new stake in Commercial Metals during the fourth quarter worth approximately $33,000. Heck Capital Advisors LLC purchased a new position in Commercial Metals in the 4th quarter valued at $34,000. UMB Bank n.a. lifted its stake in shares of 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. Wayfinding Financial LLC purchased a new stake in Commercial Metals during the first quarter worth about $47,000. Finally, South Plains Financial Inc. purchased a new stake in Commercial Metals during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Commercial Metals Stock Down 3.2%

Shares of CMC traded down $1.64 during mid-day trading on Friday, reaching $50.22. 904,292 shares of the stock traded hands, compared to its average volume of 806,813. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 162.00, a P/E/G ratio of 2.32 and a beta of 1.28. The stock has a fifty day simple moving average of $50.46 and a 200 day simple moving average of $48.10. Commercial Metals Company has a 12-month low of $37.92 and a 12-month high of $64.53. The company has a quick ratio of 2.00, a current ratio of 2.86 and a debt-to-equity ratio of 0.32.

Commercial Metals (NYSE:CMC - Get Free Report) last released its earnings results on Monday, June 23rd. The basic materials company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.11). The business had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $2.04 billion. Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share. Sell-side analysts expect that Commercial Metals Company will post 3.09 EPS for the current fiscal year.

Commercial Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.72 annualized dividend and a yield of 1.4%. Commercial Metals's dividend payout ratio (DPR) is currently 232.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMC shares. Jefferies Financial Group reiterated a "buy" rating on shares of Commercial Metals in a research report on Friday, June 20th. JPMorgan Chase & Co. upped their price objective on shares of Commercial Metals from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Morgan Stanley set a $57.50 target price on shares of Commercial Metals in a research report on Wednesday, June 25th. BMO Capital Markets reissued a "market perform" rating and set a $55.00 target price (down previously from $57.00) on shares of Commercial Metals in a research report on Tuesday, June 24th. Finally, UBS Group reissued a "neutral" rating on shares of Commercial Metals in a research report on Friday, June 20th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $57.50.

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.