Nomura Holdings Inc. Buys Shares of 15,086 Commercial Metals (NYSE:CMC)

Nomura Holdings Inc. bought a new position in Commercial Metals (NYSE:CMC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,086 shares of the basic materials company's stock, valued at approximately $748,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CMC. Assenagon Asset Management S.A. increased its stake in Commercial Metals by 66.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 71,151 shares of the basic materials company's stock valued at $3,529,000 after acquiring an additional 28,297 shares during the last quarter. First Dallas Securities Inc. increased its position in shares of Commercial Metals by 41.5% during the 4th quarter. First Dallas Securities Inc. now owns 30,079 shares of the basic materials company's stock valued at $1,492,000 after purchasing an additional 8,828 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of Commercial Metals by 24.2% during the 4th quarter. Hodges Capital Management Inc. now owns 290,942 shares of the basic materials company's stock valued at $14,431,000 after purchasing an additional 56,666 shares during the last quarter. KBC Group NV raised its holdings in shares of Commercial Metals by 57.6% during the 4th quarter. KBC Group NV now owns 4,884 shares of the basic materials company's stock valued at $242,000 after buying an additional 1,785 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Commercial Metals by 9.5% in the 4th quarter. Bank of Montreal Can now owns 15,801 shares of the basic materials company's stock worth $784,000 after buying an additional 1,369 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Insider Buying and Selling

In related news, Director John R. Mcpherson bought 2,475 shares of the business's stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $40.42 per share, with a total value of $100,039.50. Following the completion of the purchase, the director now owns 15,141 shares in the company, valued at approximately $611,999.22. The trade was a 19.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group reduced their price target on shares of Commercial Metals from $54.00 to $49.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. BMO Capital Markets lowered 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 research note on Friday, March 21st. Finally, 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 research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Commercial Metals presently has a consensus rating of "Hold" and an average target price of $60.33.

Commercial Metals Trading Down 1.1%

Commercial Metals stock traded down $0.52 during trading hours on Monday, reaching $46.19. The stock had a trading volume of 880,918 shares, compared to its average volume of 961,275. Commercial Metals has a 52 week low of $37.92 and a 52 week high of $64.53. The stock has a market cap of $5.22 billion, a PE ratio of 41.61, a PEG ratio of 2.62 and a beta of 1.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. The company has a fifty day simple moving average of $45.00 and a 200-day simple moving average of $49.95.

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

Commercial Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a $0.18 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.72 annualized dividend and a yield of 1.56%. Commercial Metals's payout ratio 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.