Commercial Metals Company $CMC Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC raised its holdings in Commercial Metals Company (NYSE:CMC) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,730 shares of the basic materials company’s stock after purchasing an additional 309 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Commercial Metals were worth $623,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMC. Fuller & Thaler Asset Management Inc. increased its stake in shares of Commercial Metals by 14.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,161,292 shares of the basic materials company’s stock worth $191,461,000 after acquiring an additional 539,309 shares during the period. Victory Capital Management Inc. increased its stake in shares of Commercial Metals by 27.5% during the first quarter. Victory Capital Management Inc. now owns 3,089,313 shares of the basic materials company’s stock worth $142,139,000 after acquiring an additional 666,886 shares during the period. American Century Companies Inc. increased its stake in shares of Commercial Metals by 86.1% during the first quarter. American Century Companies Inc. now owns 1,587,259 shares of the basic materials company’s stock worth $73,030,000 after acquiring an additional 734,265 shares during the period. Invesco Ltd. increased its stake in shares of Commercial Metals by 37.1% during the first quarter. Invesco Ltd. now owns 1,568,021 shares of the basic materials company’s stock worth $72,145,000 after acquiring an additional 424,313 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Commercial Metals by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,033,514 shares of the basic materials company’s stock worth $47,552,000 after acquiring an additional 56,875 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Commercial Metals news, Director John R. Mcpherson purchased 1,722 shares of Commercial Metals stock in a transaction on Monday, October 20th. The shares were bought at an average price of $58.09 per share, with a total value of $100,030.98. Following the completion of the acquisition, the director directly owned 6,722 shares of the company’s stock, valued at approximately $390,480.98. This trade represents a 34.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

CMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Commercial Metals from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Jefferies Financial Group set a $70.00 price target on shares of Commercial Metals and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group boosted their price objective on shares of Commercial Metals from $69.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Commercial Metals in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Commercial Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Commercial Metals has a consensus rating of “Moderate Buy” and a consensus price target of $63.80.

Commercial Metals Stock Up 0.7%

CMC stock opened at $60.93 on Thursday. Commercial Metals Company has a 52 week low of $37.92 and a 52 week high of $64.53. The company has a market cap of $6.76 billion, a P/E ratio of 80.17, a P/E/G ratio of 1.93 and a beta of 1.32. The company has a current ratio of 2.78, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $58.53 and its 200 day moving average price is $52.57.

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

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 30th. Commercial Metals’s dividend payout ratio is 94.74%.

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.