Commercial Metals Company (NYSE:CMC) Stock Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Commercial Metals Company (NYSE:CMC - Free Report) by 460.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,383 shares of the basic materials company's stock after purchasing an additional 10,172 shares during the quarter. SG Americas Securities LLC's holdings in Commercial Metals were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC increased its stake in Commercial Metals by 5.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,528 shares of the basic materials company's stock valued at $225,000 after purchasing an additional 229 shares during the last quarter. Mariner LLC increased its stake in Commercial Metals by 0.9% in the fourth quarter. Mariner LLC now owns 24,735 shares of the basic materials company's stock valued at $1,227,000 after purchasing an additional 232 shares during the last quarter. Truist Financial Corp grew its position in Commercial Metals by 3.5% during the fourth quarter. Truist Financial Corp now owns 7,150 shares of the basic materials company's stock valued at $355,000 after acquiring an additional 242 shares during the period. Arizona State Retirement System grew its position in Commercial Metals by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,373 shares of the basic materials company's stock valued at $1,655,000 after acquiring an additional 262 shares during the period. Finally, UMB Bank n.a. grew its position in Commercial Metals by 51.9% during the first quarter. UMB Bank n.a. now owns 784 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 268 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Commercial Metals

In other Commercial Metals news, Director John R. Mcpherson acquired 2,475 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $40.42 per share, with a total value of $100,039.50. Following the acquisition, the director now directly owns 15,141 shares of the company's stock, valued at $611,999.22. This represents a 19.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Commercial Metals in a research report on Friday, May 30th. They set a "neutral" rating and a $52.00 price target for the company. Jefferies Financial Group reissued a "buy" rating on shares of Commercial Metals in a research report on Friday. Morgan Stanley reaffirmed an "equal weight" rating on shares of Commercial Metals in a research report on Friday. BMO Capital Markets decreased their target price on Commercial Metals from $57.00 to $55.00 and set a "market perform" rating for the company in a research report on Tuesday. Finally, Wolfe Research raised Commercial Metals from a "peer perform" rating to an "outperform" rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $58.13.

Commercial Metals Stock Up 1.6%

NYSE CMC traded up $0.79 on Tuesday, hitting $50.06. 1,614,643 shares of the stock traded hands, compared to its average volume of 987,011. The stock has a 50-day moving average of $46.88 and a 200 day moving average of $48.11. Commercial Metals Company has a twelve month low of $37.92 and a twelve month high of $64.53. The company has a market capitalization of $5.66 billion, a P/E ratio of 161.48, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The company has a current ratio of 2.86, a quick ratio of 1.94 and a debt-to-equity ratio of 0.32.

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 (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.11). Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts expect that Commercial Metals Company will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, June 30th. 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.