Systematic Financial Management LP Has $27.65 Million Holdings in Commercial Metals (NYSE:CMC)

Systematic Financial Management LP boosted its position in Commercial Metals (NYSE:CMC - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 557,366 shares of the basic materials company's stock after purchasing an additional 7,431 shares during the period. Systematic Financial Management LP owned about 0.49% of Commercial Metals worth $27,645,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Commercial Metals by 67.5% during the third quarter. Barclays PLC now owns 210,769 shares of the basic materials company's stock worth $11,584,000 after purchasing an additional 84,905 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Commercial Metals by 66.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 71,151 shares of the basic materials company's stock valued at $3,529,000 after buying an additional 28,297 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Commercial Metals by 10.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,784 shares of the basic materials company's stock valued at $138,000 after buying an additional 254 shares during the period. Spring Capital Management LLC bought a new stake in Commercial Metals in the fourth quarter valued at $248,000. Finally, Ameritas Advisory Services LLC increased its stake in Commercial Metals by 8.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,567 shares of the basic materials company's stock valued at $276,000 after purchasing an additional 443 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Insider Transactions at Commercial Metals

In other Commercial Metals news, Director John R. Mcpherson purchased 2,475 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $40.42 per share, with a total value of $100,039.50. Following the transaction, the director now directly owns 15,141 shares in the company, valued at approximately $611,999.22. The trade was a 19.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMC shares. UBS Group reduced their price objective on shares of Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. BMO Capital Markets decreased their target price on shares of Commercial Metals from $58.00 to $54.00 and set a "market perform" rating on the stock in a report on Friday, March 21st. Finally, Morgan Stanley reduced 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 report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Commercial Metals presently has an average rating of "Hold" and an average price target of $60.33.

Commercial Metals Trading Up 0.0%

NYSE:CMC opened at $48.04 on Friday. The company has a 50-day moving average price of $44.86 and a 200-day moving average price of $50.37. Commercial Metals has a 12 month low of $37.92 and a 12 month high of $64.53. The company has a current ratio of 2.76, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 43.28, a P/E/G ratio of 2.62 and a beta of 1.29.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its 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). Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company's revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts predict that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Dividend Announcement

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

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