UBS Group AG Raises Stock Holdings in Commercial Metals (NYSE:CMC)

UBS Group AG boosted its stake in shares of Commercial Metals (NYSE:CMCFree Report) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,549 shares of the basic materials company’s stock after buying an additional 31,018 shares during the quarter. UBS Group AG owned 0.12% of Commercial Metals worth $6,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Commercial Metals by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 12,450,082 shares of the basic materials company’s stock worth $615,159,000 after purchasing an additional 487,792 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Commercial Metals by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,611,020 shares of the basic materials company’s stock worth $380,859,000 after buying an additional 160,228 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Commercial Metals by 26.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,506,247 shares of the basic materials company’s stock valued at $123,834,000 after buying an additional 527,709 shares in the last quarter. Norges Bank acquired a new position in Commercial Metals during the 4th quarter worth about $94,722,000. Finally, Victory Capital Management Inc. lifted its stake in Commercial Metals by 241.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,809,841 shares of the basic materials company’s stock worth $90,564,000 after acquiring an additional 1,279,617 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Stock Performance

Shares of Commercial Metals stock opened at $53.30 on Thursday. The business has a 50-day simple moving average of $56.25 and a 200-day simple moving average of $52.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.69 and a current ratio of 4.19. Commercial Metals has a one year low of $39.85 and a one year high of $59.81. The company has a market cap of $6.17 billion, a PE ratio of 9.25 and a beta of 1.27.

Commercial Metals (NYSE:CMCGet Free Report) last posted its quarterly earnings results on Thursday, March 21st. The basic materials company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.05). Commercial Metals had a return on equity of 17.72% and a net margin of 8.09%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm earned $1.44 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities research analysts forecast that Commercial Metals will post 5.34 EPS for the current fiscal year.

Commercial Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Monday, April 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is a boost from Commercial Metals’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. Commercial Metals’s dividend payout ratio (DPR) is currently 12.50%.

Analyst Upgrades and Downgrades

CMC has been the topic of a number of recent research reports. BMO Capital Markets boosted their price target on shares of Commercial Metals from $52.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. StockNews.com downgraded shares of Commercial Metals from a “buy” rating to a “hold” rating in a research note on Monday.

Check Out Our Latest Research Report on CMC

Insiders Place Their Bets

In other news, Chairman Barbara Smith sold 35,704 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $57.88, for a total value of $2,066,547.52. Following the transaction, the chairman now owns 36,196 shares in the company, valued at approximately $2,095,024.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Commercial Metals Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Commercial Metals (NYSE:CMC)

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