Fuller & Thaler Asset Management Inc. Acquires 539,309 Shares of Commercial Metals Company $CMC

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Commercial Metals Company (NYSE:CMC) by 14.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,161,292 shares of the basic materials company’s stock after purchasing an additional 539,309 shares during the quarter. Commercial Metals comprises 0.7% of Fuller & Thaler Asset Management Inc.’s portfolio, making the stock its 27th biggest holding. Fuller & Thaler Asset Management Inc. owned 3.68% of Commercial Metals worth $191,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Commercial Metals by 12.4% during the 1st 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 in the last quarter. GAMMA Investing LLC grew its holdings in Commercial Metals by 25.6% during the 1st 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 in the last quarter. SG Americas Securities LLC grew its holdings in Commercial Metals by 460.1% during the 1st quarter. SG Americas Securities LLC now owns 12,383 shares of the basic materials company’s stock valued at $570,000 after buying an additional 10,172 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Commercial Metals by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 13,316 shares of the basic materials company’s stock valued at $612,000 after buying an additional 325 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Commercial Metals by 9.5% during the 4th quarter. Bank of Montreal Can now owns 15,801 shares of the basic materials company’s stock valued at $784,000 after buying an additional 1,369 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Commercial Metals Price Performance

Shares of Commercial Metals stock opened at $56.40 on Monday. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 181.94, a price-to-earnings-growth ratio of 2.60 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 2.86. The stock has a 50 day moving average price of $51.66 and a 200-day moving average price of $48.36. Commercial Metals Company has a one year low of $37.92 and a one year high of $64.53.

Commercial Metals (NYSE:CMC) last announced its earnings results on Monday, June 23rd. The basic materials company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.11). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Commercial Metals had a return on equity of 7.45% and a net margin of 0.48%. Commercial Metals’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS. Equities analysts expect that Commercial Metals Company will post 3.09 EPS for the current year.

Commercial Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, June 30th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. Commercial Metals’s payout ratio is presently 232.26%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMC. BMO Capital Markets restated a “market perform” rating and set a $55.00 price target (down previously from $57.00) on shares of Commercial Metals in a report on Tuesday, June 24th. Morgan Stanley set a $57.50 target price on shares of Commercial Metals in a research report on Wednesday, June 25th. Jefferies Financial Group restated a “buy” rating on shares of Commercial Metals in a research report on Friday, June 20th. Wells Fargo & Company upgraded shares of Commercial Metals to a “strong-buy” rating in a research report on Thursday. Finally, Wolfe Research upgraded shares of Commercial Metals from a “peer perform” rating to an “outperform” rating in a research report on Friday, June 20th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $58.81.

Commercial Metals Company 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.