Universal Beteiligungs und Servicegesellschaft mbH Has $6.05 Million Holdings in Commercial Metals Company $CMC

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Commercial Metals by 33.7% in Q4 to 87,228 shares, now worth about $6.05 million (roughly 0.08% of the company).
• Commercial Metals reported quarterly EPS of $1.16 (missing estimates of $1.28) on revenue of $2.13 billion, up 21.5% year-over-year, and raised its quarterly dividend to $0.20 (an $0.80 annualized payout, ~1.2% yield).
• Insider Jennifer J. Durbin sold 25,050 shares (about $2.00 million), reducing her holdings by 32.14%, while institutional investors own 86.90% of the stock and analysts hold a consensus "Moderate Buy" with a $71.50 target (Citigroup at $85).

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Commercial Metals Company (NYSE:CMC - Free Report) by 33.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,228 shares of the basic materials company's stock after purchasing an additional 21,983 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Commercial Metals worth $6,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Commercial Metals by 2.6% during the 3rd quarter. State Street Corp now owns 6,270,373 shares of the basic materials company's stock worth $359,167,000 after purchasing an additional 161,195 shares in the last quarter. Boston Partners raised its position in Commercial Metals by 1.9% in the 3rd quarter. Boston Partners now owns 3,641,930 shares of the basic materials company's stock valued at $208,629,000 after purchasing an additional 67,139 shares during the last quarter. American Century Companies Inc. raised its position in Commercial Metals by 6.6% in the 3rd quarter. American Century Companies Inc. now owns 1,823,923 shares of the basic materials company's stock valued at $104,474,000 after purchasing an additional 112,267 shares during the last quarter. Invesco Ltd. raised its position in Commercial Metals by 4.8% in the 3rd quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company's stock valued at $95,144,000 after purchasing an additional 76,365 shares during the last quarter. Finally, UBS Group AG raised its position in Commercial Metals by 41.8% in the 3rd quarter. UBS Group AG now owns 1,521,130 shares of the basic materials company's stock valued at $87,130,000 after purchasing an additional 448,083 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Buying and Selling at Commercial Metals

In other news, insider Jennifer J. Durbin sold 25,050 shares of the company's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the completion of the transaction, the insider directly owned 52,880 shares of the company's stock, valued at $4,228,813.60. This represents a 32.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

Commercial Metals Trading Up 0.5%

NYSE CMC opened at $69.56 on Tuesday. The stock has a 50-day simple moving average of $66.66 and a 200 day simple moving average of $67.61. The company has a market capitalization of $7.71 billion, a PE ratio of 15.49, a P/E/G ratio of 0.40 and a beta of 1.47. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75. Commercial Metals Company has a 12 month low of $43.01 and a 12 month high of $84.87.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.12). Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm's revenue was up 21.5% on a year-over-year basis. Research analysts forecast that Commercial Metals Company will post 6.75 EPS for the current year.

Commercial Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were given a dividend of $0.20 per share. This is an increase from Commercial Metals's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, April 6th. Commercial Metals's payout ratio is currently 16.04%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CMC shares. Citigroup lifted their price objective on Commercial Metals from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, January 12th. Zacks Research downgraded Commercial Metals from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 3rd. Wells Fargo & Company dropped their target price on Commercial Metals from $80.00 to $77.00 and set an "overweight" rating for the company in a research report on Friday, March 27th. KeyCorp started coverage on shares of Commercial Metals in a research report on Wednesday, March 25th. They set a "sector weight" rating on the stock. Finally, The Goldman Sachs Group started coverage on shares of Commercial Metals in a research report on Wednesday, April 1st. They set a "neutral" rating and a $74.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Commercial Metals has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

Commercial Metals Profile

Commercial Metals Company NYSE: CMC is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.

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