Tectonic Advisors LLC Increases Stock Holdings in Commercial Metals Company (NYSE:CMC)

Tectonic Advisors LLC lifted its position in Commercial Metals Company (NYSE:CMC - Free Report) by 53.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,655 shares of the basic materials company's stock after acquiring an additional 10,018 shares during the quarter. Tectonic Advisors LLC's holdings in Commercial Metals were worth $1,318,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Isthmus Partners LLC raised its position in Commercial Metals by 3.2% in the 1st quarter. Isthmus Partners LLC now owns 7,381 shares of the basic materials company's stock worth $340,000 after buying an additional 226 shares during the last quarter. Mariner LLC increased its stake in shares of Commercial Metals by 0.9% during the fourth quarter. Mariner LLC now owns 24,735 shares of the basic materials company's stock valued at $1,227,000 after buying an additional 232 shares during the period. UMB Bank n.a. grew its stake in Commercial Metals by 51.9% in the first quarter. UMB Bank n.a. now owns 784 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 268 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Commercial Metals by 21.2% during the first quarter. Fifth Third Bancorp now owns 1,595 shares of the basic materials company's stock worth $73,000 after acquiring an additional 279 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Commercial Metals by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 14,923 shares of the basic materials company's stock worth $687,000 after purchasing an additional 297 shares during the period. Institutional investors own 86.90% of the company's stock.

Commercial Metals Stock Up 0.2%

NYSE:CMC traded up $0.13 on Friday, reaching $52.63. 734,538 shares of the stock traded hands, compared to its average volume of 995,915. The company's fifty day simple moving average is $49.46 and its 200 day simple moving average is $47.86. The company has a current ratio of 2.86, a quick ratio of 2.00 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 169.77, a PEG ratio of 2.13 and a beta of 1.26. Commercial Metals Company has a 12 month low of $37.92 and a 12 month high of $64.53.

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

Commercial Metals Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group restated a "buy" rating on shares of Commercial Metals in a report on Friday, June 20th. JPMorgan Chase & Co. upped their target price on Commercial Metals from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Morgan Stanley set a $57.50 price target on Commercial Metals in a research report on Wednesday, June 25th. BMO Capital Markets reissued a "market perform" rating and set a $55.00 price objective (down previously from $57.00) on shares of Commercial Metals in a research report on Tuesday, June 24th. Finally, UBS Group reissued a "neutral" rating on shares of Commercial Metals in a research report on Friday, June 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Commercial Metals has a consensus rating of "Hold" and an average price target of $57.50.

Commercial Metals Company 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.