Deutsche Bank AG Has $5.26 Million Stake in Commercial Metals (NYSE:CMC)

Deutsche Bank AG lifted its holdings in shares of Commercial Metals (NYSE:CMC - Free Report) by 44.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 106,005 shares of the basic materials company's stock after acquiring an additional 32,473 shares during the period. Deutsche Bank AG owned approximately 0.09% of Commercial Metals worth $5,258,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMC. Norges Bank bought a new position in shares of Commercial Metals during the 4th quarter worth about $69,261,000. Franklin Resources Inc. lifted its holdings in shares of Commercial Metals by 87.0% during the 4th quarter. Franklin Resources Inc. now owns 1,919,445 shares of the basic materials company's stock worth $95,204,000 after acquiring an additional 893,094 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Commercial Metals by 15,350.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 568,095 shares of the basic materials company's stock worth $28,178,000 after acquiring an additional 564,418 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Commercial Metals by 45.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,576,316 shares of the basic materials company's stock worth $78,185,000 after acquiring an additional 495,163 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Commercial Metals by 34.1% during the 4th quarter. First Trust Advisors LP now owns 1,754,840 shares of the basic materials company's stock worth $87,040,000 after acquiring an additional 446,317 shares during the period. 86.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Commercial Metals

In other Commercial Metals news, Director John R. Mcpherson purchased 2,475 shares of the stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $40.42 per share, for a total transaction of $100,039.50. Following the transaction, the director now directly owns 15,141 shares in the company, valued at $611,999.22. This represents a 19.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company's stock.

Commercial Metals Price Performance

CMC traded down $0.76 during midday trading on Wednesday, hitting $46.72. The company had a trading volume of 818,494 shares, compared to its average volume of 957,550. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. The company has a market capitalization of $5.28 billion, a PE ratio of 42.09, a P/E/G ratio of 2.62 and a beta of 1.29. Commercial Metals has a twelve month low of $37.92 and a twelve month high of $64.53. The firm's 50-day simple moving average is $44.99 and its 200-day simple moving average is $50.22.

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

Commercial Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, March 31st. Commercial Metals's payout ratio is presently 120.00%.

Wall Street Analyst Weigh In

CMC has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. BMO Capital Markets cut their price target on shares of Commercial Metals from $58.00 to $54.00 and set a "market perform" rating for the company in a report on Friday, March 21st. Finally, UBS Group cut their price target on shares of Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $60.33.

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.