145,270 Shares in Commercial Metals (NYSE:CMC) Bought by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Commercial Metals (NYSE:CMC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 145,270 shares of the basic materials company's stock, valued at approximately $7,205,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Commercial Metals as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CMC. Barclays PLC raised its holdings in shares of Commercial Metals by 67.5% in the third quarter. Barclays PLC now owns 210,769 shares of the basic materials company's stock worth $11,584,000 after buying an additional 84,905 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Commercial Metals by 66.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 71,151 shares of the basic materials company's stock valued at $3,529,000 after acquiring an additional 28,297 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Commercial Metals by 10.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company's stock worth $138,000 after acquiring an additional 254 shares during the last quarter. Covea Finance lifted its stake in Commercial Metals by 44.2% during the 4th quarter. Covea Finance now owns 62,000 shares of the basic materials company's stock valued at $3,075,000 after acquiring an additional 19,000 shares during the period. Finally, Spring Capital Management LLC purchased a new stake in shares of Commercial Metals in the 4th quarter valued at $248,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Trading Up 0.0%

NYSE CMC traded up $0.01 during trading on Friday, hitting $48.04. The stock had a trading volume of 674,855 shares, compared to its average volume of 959,441. The company has a quick ratio of 1.94, a current ratio of 2.76 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.43 billion, a PE ratio of 43.28, a PEG ratio of 2.62 and a beta of 1.29. The firm has a 50 day moving average price of $44.79 and a 200 day moving average price of $50.41. Commercial Metals has a twelve month low of $37.92 and a twelve month high of $64.53.

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 analysts' consensus estimates of $0.31 by ($0.05). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. As a group, equities research analysts forecast that Commercial Metals will post 3.09 earnings per share for the current year.

Commercial Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Monday, March 31st. Commercial Metals's payout ratio is currently 120.00%.

Insider Activity

In related news, Director John R. Mcpherson purchased 2,475 shares of Commercial Metals stock in a transaction 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 transaction, the director now directly owns 15,141 shares of the company's stock, valued at approximately $611,999.22. This trade represents a 19.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

CMC has been the subject of a number of research reports. BMO Capital Markets decreased their target price on shares of Commercial Metals from $58.00 to $54.00 and set a "market perform" rating for the company in a research report on Friday, March 21st. Morgan Stanley decreased their price objective on Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Finally, UBS Group lowered their target price 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $60.33.

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.