Banco Bilbao Vizcaya Argentaria S.A. Sells 1,759 Shares of Commercial Metals Company $CMC

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in Commercial Metals Company (NYSE:CMC) by 14.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,303 shares of the basic materials company’s stock after selling 1,759 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Commercial Metals were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. National Bank of Canada FI increased its holdings in Commercial Metals by 80.3% in the 1st quarter. National Bank of Canada FI now owns 548 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 244 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Commercial Metals by 282.3% during the second quarter. SBI Securities Co. Ltd. now owns 692 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 511 shares in the last quarter. Signaturefd LLC boosted its position in shares of Commercial Metals by 51.4% in the second quarter. Signaturefd LLC now owns 890 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 302 shares during the period. UMB Bank n.a. increased its stake in shares of Commercial Metals by 77.8% in the second quarter. UMB Bank n.a. now owns 1,394 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 610 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Commercial Metals by 17.5% during the 2nd quarter. Harbour Investments Inc. now owns 1,830 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 273 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Commercial Metals

In other Commercial Metals news, Director John R. Mcpherson purchased 1,722 shares of Commercial Metals stock in a transaction that occurred on Monday, October 20th. The shares were bought at an average price of $58.09 per share, for a total transaction of $100,030.98. Following the completion of 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 legal filing with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

Commercial Metals Trading Down 1.8%

Shares of Commercial Metals stock opened at $57.78 on Wednesday. Commercial Metals Company has a twelve month low of $37.92 and a twelve month high of $64.53. The company has a quick ratio of 2.03, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $58.78 and a 200-day moving average price of $54.15. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 76.02, a PEG ratio of 1.94 and a beta of 1.34.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, October 16th. The basic materials company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Commercial Metals had a return on equity of 8.76% and a net margin of 1.09%.The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Commercial Metals Company will post 3.09 EPS for the current fiscal year.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were issued a $0.18 dividend. The ex-dividend date of this dividend was 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 94.74%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Commercial Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. UBS Group restated a “neutral” rating on shares of Commercial Metals in a research report on Monday, October 27th. Morgan Stanley raised Commercial Metals from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $57.50 to $68.00 in a research note on Friday, October 24th. Jefferies Financial Group set a $70.00 target price on Commercial Metals and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, October 8th. One equities research 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.20.

About Commercial Metals

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.