Huber Capital Management LLC Sells 6,400 Shares of Commercial Metals (NYSE:CMC)

Huber Capital Management LLC lessened its holdings in shares of Commercial Metals (NYSE:CMC - Free Report) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,600 shares of the basic materials company's stock after selling 6,400 shares during the quarter. Huber Capital Management LLC's holdings in Commercial Metals were worth $476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in shares of Commercial Metals during the fourth quarter valued at approximately $34,000. V Square Quantitative Management LLC grew its stake in 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 acquiring an additional 267 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in 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 valued at $82,000 after acquiring an additional 297 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Commercial Metals in the 4th quarter worth $105,000. Finally, Amundi boosted its holdings in shares of Commercial Metals by 29.9% during the 4th quarter. Amundi now owns 2,189 shares of the basic materials company's stock valued at $108,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 86.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMC shares. BMO Capital Markets decreased their target price on Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a research report on Friday, March 21st. UBS Group decreased their price objective on Commercial Metals from $54.00 to $49.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Jefferies Financial Group cut their target price on shares of Commercial Metals from $65.00 to $62.00 and set a "buy" rating for the company in a report on Monday, January 6th. Morgan Stanley decreased their price target on shares of 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, BNP Paribas cut shares of Commercial Metals from an "outperform" rating to a "neutral" rating in a research note on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Commercial Metals has an average rating of "Hold" and an average target price of $60.33.

Insider Activity at Commercial Metals

In other Commercial Metals news, Director John R. Mcpherson bought 2,475 shares of the firm's stock in a transaction dated 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 owns 15,141 shares in the company, valued at $611,999.22. This trade represents a 19.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

Commercial Metals Trading Down 2.7 %

CMC stock traded down $1.10 during mid-day trading on Tuesday, reaching $39.56. 522,925 shares of the stock traded hands, compared to its average volume of 1,266,436. The business has a 50-day moving average price of $47.89 and a two-hundred day moving average price of $52.38. The stock has a market capitalization of $4.47 billion, a PE ratio of 35.60, a PEG ratio of 2.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. Commercial Metals has a one year low of $37.92 and a one year high of $64.53.

Commercial Metals (NYSE:CMC - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The basic materials company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The business's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. Equities research analysts expect that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Monday, March 31st. Commercial Metals's dividend payout ratio is currently 120.00%.

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.