MQS Management LLC Invests $234,000 in Commercial Metals Company (NYSE:CMC)

MQS Management LLC bought a new position in Commercial Metals Company (NYSE:CMC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,077 shares of the basic materials company's stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CMC. Park Square Financial Group LLC bought a new stake in shares of Commercial Metals in the 4th quarter valued at about $33,000. Heck Capital Advisors LLC bought a new stake in shares of Commercial Metals in the 4th quarter valued at about $34,000. UMB Bank n.a. grew its position in shares of Commercial Metals by 51.9% in the 1st quarter. UMB Bank n.a. now owns 784 shares of the basic materials company's stock valued at $36,000 after buying an additional 268 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Commercial Metals in the 1st quarter valued at about $47,000. Finally, South Plains Financial Inc. bought a new stake in shares of Commercial Metals in the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Wall Street Analysts Forecast Growth

CMC has been the topic of a number of analyst reports. Wolfe Research upgraded Commercial Metals from a "peer perform" rating to an "outperform" rating in a research report on Friday, June 20th. Jefferies Financial Group restated a "buy" rating on shares of Commercial Metals in a research report on Friday, June 20th. Morgan Stanley set a $57.50 target price on Commercial Metals in a research report on Wednesday, June 25th. BMO Capital Markets restated 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 restated a "neutral" rating on shares of Commercial Metals in a research report on Friday, June 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Commercial Metals presently has an average rating of "Hold" and a consensus target price of $57.50.

Commercial Metals Stock Up 0.2%

NYSE:CMC traded up $0.13 on Friday, hitting $52.63. The stock had a trading volume of 734,538 shares, compared to its average volume of 995,915. The business's fifty day moving average is $49.46 and its 200 day moving average is $47.86. The company has a market cap of $5.89 billion, a PE ratio of 169.77, a P/E/G ratio of 2.13 and a beta of 1.26. 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 Company has a 52 week low of $37.92 and a 52 week high of $64.53.

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

Commercial Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were issued a $0.18 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.72 annualized dividend and a yield of 1.37%. Commercial Metals's payout ratio is currently 232.26%.

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.