Systematic Financial Management LP Increases Stock Holdings in Commercial Metals (NYSE:CMC)

Systematic Financial Management LP raised its stake in Commercial Metals (NYSE:CMC - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 557,366 shares of the basic materials company's stock after buying an additional 7,431 shares during the period. Systematic Financial Management LP owned 0.49% of Commercial Metals worth $27,645,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in Commercial Metals in the fourth quarter valued at about $34,000. V Square Quantitative Management LLC raised its holdings in 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 valued at $35,000 after buying an additional 267 shares during the last quarter. South Plains Financial Inc. bought a new position in Commercial Metals in the 4th quarter valued at approximately $73,000. Jones Financial Companies Lllp boosted its position in Commercial Metals by 22.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,646 shares of the basic materials company's stock worth $82,000 after buying an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Commercial Metals during the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Buying and Selling

In related news, Director John R. Mcpherson purchased 2,475 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased 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 in the company, valued at approximately $611,999.22. This trade represents a 19.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Morgan Stanley lowered their target price on Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Finally, BMO Capital Markets reduced their price target 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $60.33.

Commercial Metals Trading Down 0.2%

Shares of NYSE:CMC traded down $0.11 during midday trading on Thursday, reaching $46.56. The company's stock had a trading volume of 250,644 shares, compared to its average volume of 954,795. Commercial Metals has a fifty-two week low of $37.92 and a fifty-two week high of $64.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.76. The firm has a 50 day moving average price of $44.99 and a two-hundred day moving average price of $50.22. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 2.62 and a beta of 1.29.

Commercial Metals (NYSE:CMC - Get Free Report) last issued its earnings results 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 the consensus estimate of $1.73 billion. Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, analysts forecast that Commercial Metals will post 3.09 earnings per share for the current year.

Commercial Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. Commercial Metals's payout ratio is presently 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.