UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Commercial Metals (NYSE:CMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Commercial Metals (NYSE:CMC - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 330,054 shares of the basic materials company's stock after acquiring an additional 38,383 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Commercial Metals worth $16,371,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CMC. Heck Capital Advisors LLC purchased a new stake in Commercial Metals during the 4th quarter valued at $34,000. V Square Quantitative Management LLC boosted its stake in shares of Commercial Metals by 60.7% during the fourth quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 267 shares in the last quarter. South Plains Financial Inc. acquired a new stake in Commercial Metals in the fourth quarter valued at approximately $73,000. Jones Financial Companies Lllp increased its position in 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 in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Commercial Metals in the fourth quarter worth $105,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Commercial Metals from a "peer perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a research report on Tuesday. UBS Group decreased their price target on shares of Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. JPMorgan Chase & Co. began coverage on shares of Commercial Metals in a report on Friday. They issued a "neutral" rating and a $52.00 price target for the company. BMO Capital Markets lowered their price objective on shares of 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. Finally, Morgan Stanley decreased their target price on shares of Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Commercial Metals presently has a consensus rating of "Hold" and an average price target of $58.00.

Insider Buying and Selling

In other Commercial Metals news, Director John R. Mcpherson bought 2,475 shares of Commercial Metals stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $40.42 per share, for a total transaction of $100,039.50. Following the completion of the transaction, the director now directly owns 15,141 shares in the company, valued at $611,999.22. This represents a 19.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Commercial Metals Stock Down 1.0%

NYSE CMC traded down $0.49 during trading on Friday, hitting $46.64. The stock had a trading volume of 1,362,153 shares, compared to its average volume of 966,495. Commercial Metals has a 12 month low of $37.92 and a 12 month high of $64.53. The company has a market capitalization of $5.27 billion, a PE ratio of 42.02, a P/E/G ratio of 2.62 and a beta of 1.29. 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 company's 50-day moving average price is $44.95 and its two-hundred day moving average price is $49.60.

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

Commercial Metals Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%. Commercial Metals's dividend payout ratio (DPR) is currently 120.00%.

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.