Cwm LLC Grows Position in Commercial Metals Company $CMC

Cwm LLC raised its holdings in shares of Commercial Metals Company (NYSE:CMC) by 14.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,876 shares of the basic materials company’s stock after acquiring an additional 497 shares during the quarter. Cwm LLC’s holdings in Commercial Metals were worth $190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CMC. Wealth Enhancement Advisory Services LLC boosted its position in shares of Commercial Metals by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,853 shares of the basic materials company’s stock valued at $1,189,000 after buying an additional 2,846 shares during the period. GAMMA Investing LLC boosted its position in shares of Commercial Metals by 25.6% during the first quarter. GAMMA Investing LLC now owns 3,280 shares of the basic materials company’s stock valued at $151,000 after buying an additional 669 shares during the period. Millennium Management LLC boosted its position in shares of Commercial Metals by 124.3% during the first quarter. Millennium Management LLC now owns 926,718 shares of the basic materials company’s stock valued at $42,638,000 after buying an additional 513,630 shares during the period. Strs Ohio purchased a new position in shares of Commercial Metals during the first quarter valued at approximately $1,408,000. Finally, Voya Investment Management LLC boosted its position in shares of Commercial Metals by 16.8% during the first quarter. Voya Investment Management LLC now owns 111,674 shares of the basic materials company’s stock valued at $5,138,000 after buying an additional 16,084 shares during the period. 86.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMC has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Commercial Metals from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, October 20th. The Goldman Sachs Group boosted their price target on Commercial Metals from $69.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded Commercial Metals from a “buy” rating to a “strong-buy” rating in a report on Monday, October 20th. Zacks Research upgraded Commercial Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, UBS Group reiterated a “neutral” rating on shares of Commercial Metals in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.80.

Insider Buying and Selling at Commercial Metals

In related news, Director John R. Mcpherson acquired 1,722 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was purchased at an average price of $58.09 per share, with a total value of $100,030.98. Following the transaction, the director owned 6,722 shares of the company’s stock, valued at approximately $390,480.98. This trade represents a 34.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Commercial Metals Price Performance

NYSE:CMC opened at $60.93 on Thursday. Commercial Metals Company has a one year low of $37.92 and a one year high of $64.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 2.78. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 80.17, a PEG ratio of 1.93 and a beta of 1.32. The firm’s fifty day moving average is $58.53 and its two-hundred day moving average is $52.57.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings results on Thursday, October 16th. The basic materials company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Commercial Metals had a net margin of 1.09% and a return on equity of 8.76%. Commercial Metals’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. Research analysts expect that Commercial Metals Company will post 3.09 EPS for the current year.

Commercial Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. Commercial Metals’s dividend payout ratio (DPR) is presently 94.74%.

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.