90,222 Shares in Commercial Metals (NYSE:CMC) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Commercial Metals (NYSE:CMC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,222 shares of the basic materials company's stock, valued at approximately $4,475,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Commercial Metals as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new stake in shares of Commercial Metals during the fourth quarter valued at $34,000. V Square Quantitative Management LLC boosted its holdings in shares of Commercial Metals by 60.7% in the 4th quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company's stock worth $35,000 after purchasing an additional 267 shares during the period. South Plains Financial Inc. purchased a new position in shares of Commercial Metals in the 4th quarter worth approximately $73,000. Jones Financial Companies Lllp boosted its holdings in shares of Commercial Metals by 22.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,646 shares of the basic materials company's stock worth $82,000 after purchasing an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Commercial Metals in the 4th quarter worth approximately $105,000. Institutional investors own 86.90% of the company's stock.

Insiders Place Their Bets

In other news, Director John R. Mcpherson acquired 2,475 shares of the company's stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $40.42 per share, with a total value of $100,039.50. Following the completion of the purchase, the director now owns 15,141 shares of the company's stock, valued at $611,999.22. This represents a 19.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

Commercial Metals Trading Up 0.1%

Commercial Metals stock traded up $0.07 during trading on Thursday, reaching $49.21. 149,053 shares of the company were exchanged, compared to its average volume of 970,350. Commercial Metals has a 52-week low of $37.92 and a 52-week high of $64.53. The company has a market capitalization of $5.56 billion, a P/E ratio of 44.21, a PEG ratio of 2.62 and a beta of 1.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. The stock's 50 day simple moving average is $45.03 and its two-hundred day simple moving average is $49.38.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its 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). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. Commercial Metals's revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. On average, equities research analysts expect that Commercial Metals will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a dividend of $0.18 per share. The ex-dividend date was Monday, March 31st. This represents a $0.72 annualized dividend and a yield of 1.46%. Commercial Metals's dividend payout ratio (DPR) is 120.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CMC shares. Morgan Stanley decreased their price target on Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. started coverage on Commercial Metals in a research note on Friday, May 30th. They set a "neutral" rating and a $52.00 price target for the company. Wolfe Research raised Commercial Metals from a "peer perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research note on Tuesday, May 27th. BMO Capital Markets decreased their price target on Commercial Metals from $58.00 to $54.00 and set a "market perform" rating for the company in a research note on Friday, March 21st. Finally, UBS Group decreased their price target on Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Commercial Metals currently has a consensus rating of "Hold" and an average price target of $58.00.

Commercial Metals 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.