Intech Investment Management LLC Purchases 6,144 Shares of Commercial Metals Company $CMC

Key Points

• Intech Investment Management LLC increased its stake in Commercial Metals Company (NYSE: CMC) by **11.8%**, owning approximately **0.05%** of the company worth **$2.67 million** after the purchase of 6,144 shares.
• Several other institutional investors have also boosted their holdings in Commercial Metals, with **American Century Companies Inc.** leading with an **86.1%** increase during the first quarter.
• Commercial Metals Company recently declared a quarterly dividend of **$0.18** per share, representing a **1.2% yield** and a payout ratio of **232.26%**.

Intech Investment Management LLC boosted its stake in shares of Commercial Metals Company (NYSE:CMC - Free Report) by 11.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 57,994 shares of the basic materials company's stock after purchasing an additional 6,144 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Commercial Metals worth $2,668,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CMC. BNP Paribas Financial Markets lifted its stake in Commercial Metals by 11.5% in the 4th quarter. BNP Paribas Financial Markets now owns 33,198 shares of the basic materials company's stock valued at $1,647,000 after buying an additional 3,426 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Commercial Metals by 36.0% during the 4th quarter. Cetera Investment Advisers now owns 6,567 shares of the basic materials company's stock valued at $326,000 after buying an additional 1,738 shares during the period. Deutsche Bank AG increased its holdings in Commercial Metals by 44.2% in the 4th quarter. Deutsche Bank AG now owns 106,005 shares of the basic materials company's stock valued at $5,258,000 after purchasing an additional 32,473 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Commercial Metals by 124.5% in the fourth quarter. Focus Partners Wealth now owns 17,742 shares of the basic materials company's stock worth $880,000 after acquiring an additional 9,838 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Commercial Metals by 12.1% in the fourth quarter. Nuveen Asset Management LLC now owns 964,438 shares of the basic materials company's stock worth $47,836,000 after acquiring an additional 104,071 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Stock Down 0.3%

Shares of NYSE:CMC traded down $0.19 during midday trading on Tuesday, hitting $58.26. 803,905 shares of the company's stock traded hands, compared to its average volume of 817,885. Commercial Metals Company has a twelve month low of $37.92 and a twelve month high of $64.53. The company has a market cap of $6.52 billion, a PE ratio of 187.94, a P/E/G ratio of 1.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 2.86. The firm's fifty day moving average price is $55.16 and its two-hundred day moving average price is $49.56.

Commercial Metals (NYSE:CMC - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The basic materials company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.11). Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company earned $1.02 EPS. Commercial Metals's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Commercial Metals Company 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, July 9th. Shareholders of record on Monday, June 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, June 30th. Commercial Metals's dividend payout ratio is currently 232.26%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CMC shares. JPMorgan Chase & Co. lifted their price objective on shares of Commercial Metals from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. BMO Capital Markets reissued a "market perform" rating and issued a $55.00 price target (down from $57.00) on shares of Commercial Metals in a research report on Tuesday, June 24th. UBS Group boosted their price target on shares of Commercial Metals from $48.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised shares of Commercial Metals to a "strong-buy" rating in a research report on Thursday, August 14th. Finally, Bank of America boosted their price target on shares of Commercial Metals from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.06.

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.