Teza Capital Management LLC Purchases 14,907 Shares of Commercial Metals (NYSE:CMC)

Teza Capital Management LLC lifted its position in shares of Commercial Metals (NYSE:CMC - Free Report) by 135.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,946 shares of the basic materials company's stock after purchasing an additional 14,907 shares during the period. Teza Capital Management LLC's holdings in Commercial Metals were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. State of Wyoming increased its stake in shares of Commercial Metals by 237.4% during the fourth quarter. State of Wyoming now owns 5,652 shares of the basic materials company's stock worth $280,000 after purchasing an additional 3,977 shares during the period. Systematic Financial Management LP increased its stake in shares of Commercial Metals by 1.4% during the fourth quarter. Systematic Financial Management LP now owns 557,366 shares of the basic materials company's stock worth $27,645,000 after purchasing an additional 7,431 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of Commercial Metals during the fourth quarter worth approximately $308,000. ProShare Advisors LLC increased its stake in shares of Commercial Metals by 39.2% during the fourth quarter. ProShare Advisors LLC now owns 37,417 shares of the basic materials company's stock worth $1,856,000 after purchasing an additional 10,534 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of Commercial Metals during the fourth quarter worth approximately $748,000. Institutional investors own 86.90% of the company's stock.

Commercial Metals Trading Up 0.0%

Shares of CMC opened at $48.04 on Monday. Commercial Metals has a 52-week low of $37.92 and a 52-week high of $64.53. The business's fifty day moving average is $44.86 and its 200-day moving average is $50.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 2.62 and a beta of 1.29.

Commercial Metals (NYSE:CMC - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company's revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts anticipate that Commercial Metals will post 3.09 EPS for the current fiscal year.

Commercial Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, March 31st. Commercial Metals's dividend payout ratio (DPR) is 120.00%.

Insider Activity at Commercial Metals

In other news, Director John R. Mcpherson acquired 2,475 shares of the business's stock in a transaction that occurred 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 acquisition, the director now directly owns 15,141 shares in the company, valued at $611,999.22. The trade was a 19.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group lowered their price objective on Commercial Metals from $54.00 to $49.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Morgan Stanley lowered their price objective on Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Finally, BMO Capital Markets lowered their price objective on Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a research note on Friday, March 21st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $60.33.

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.

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