Commercial Metals Company (NYSE:CMC) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Commercial Metals Company (NYSE:CMC - Free Report) by 460.1% during the 1st quarter, according to the company in 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 period. SG Americas Securities LLC's holdings in Commercial Metals were worth $570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new position in shares of Commercial Metals in the fourth quarter worth $33,000. Heck Capital Advisors LLC bought a new position in Commercial Metals in the 4th quarter valued at approximately $34,000. UMB Bank n.a. increased its holdings in Commercial Metals by 51.9% in the 1st quarter. UMB Bank n.a. now owns 784 shares of the basic materials company's stock worth $36,000 after buying an additional 268 shares in the last quarter. South Plains Financial Inc. purchased a new position in shares of Commercial Metals during the fourth quarter valued at approximately $73,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Commercial Metals by 22.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,646 shares of the basic materials company's stock valued at $82,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors own 86.90% of the company's stock.

Commercial Metals Price Performance

CMC traded up $0.94 on Thursday, reaching $50.12. 1,194,833 shares of the company's stock were exchanged, compared to its average volume of 988,864. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.86 and a quick ratio of 1.94. The stock's fifty day moving average price is $47.19 and its 200-day moving average price is $48.03. The stock has a market cap of $5.61 billion, a PE ratio of 161.69, a P/E/G ratio of 2.03 and a beta of 1.27. Commercial Metals Company has a twelve month low of $37.92 and a twelve month high of $64.53.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its earnings results on Monday, June 23rd. The basic materials company reported $0.74 earnings per share 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 analyst estimates of $2.04 billion. Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Sell-side analysts expect that Commercial Metals Company will post 3.09 EPS for the current year.

Commercial Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, June 30th. Commercial Metals's dividend payout ratio (DPR) is presently 232.26%.

Insider Buying and Selling

In related news, Director John R. Mcpherson bought 2,475 shares of the firm's stock in a transaction on Friday, April 4th. The shares were bought at an average price of $40.42 per share, with a total value of $100,039.50. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMC. BMO Capital Markets reiterated a "market perform" rating and set a $55.00 price target (down previously from $57.00) on shares of Commercial Metals in a research note on Tuesday. Morgan Stanley set a $57.50 target price on shares of Commercial Metals in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on Commercial Metals in a report on Friday, May 30th. They set a "neutral" rating and a $52.00 price target for the company. Jefferies Financial Group restated a "buy" rating on shares of Commercial Metals in a report on Friday, June 20th. Finally, UBS Group restated a "neutral" rating on shares of Commercial Metals in a report on Friday, June 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $58.69.

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.