Commercial Metals Co. (NYSE:CMC) shares were down 3.1% on Friday . The stock traded as low as $15.86 and last traded at $15.88, with a volume of 552,511 shares. The stock had previously closed at $16.39.

Several research analysts have weighed in on CMC shares. Bank of America Corp. lowered Commercial Metals to a “neutral” rating in a research report on Wednesday, July 20th. Zacks Investment Research lowered Commercial Metals from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. Clarkson Capital lowered Commercial Metals from a “neutral” rating to a “sell” rating in a research report on Monday, June 27th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Commercial Metals in a research report on Saturday, June 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Commercial Metals presently has an average rating of “Hold” and an average price target of $16.79.

The stock has a 50 day moving average of $16.69 and a 200-day moving average of $16.41. The company has a market capitalization of $1.82 billion and a P/E ratio of 14.45.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, June 23rd. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The business had revenue of $1.23 billion for the quarter. During the same quarter in the previous year, the company posted $0.58 EPS. The company’s quarterly revenue was down 18.5% on a year-over-year basis. Analysts expect that Commercial Metals Co. will post $0.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Thursday, July 7th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, July 5th. This represents a $0.48 annualized dividend and a yield of 3.02%.

In other Commercial Metals news, Director Anthony A. Massaro sold 2,367 shares of Commercial Metals stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $16.36, for a total transaction of $38,724.12. Following the transaction, the director now directly owns 69,252 shares in the company, valued at $1,132,962.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Other hedge funds and institutional investors have bought and sold shares of the company. Marshall Wace LLP acquired a new position in Commercial Metals during the fourth quarter valued at $2,758,000. Trexquant Investment LP acquired a new position in Commercial Metals during the fourth quarter valued at $1,542,000. Liberty Mutual Group Asset Management Inc. increased its stake in Commercial Metals by 51.6% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 74,537 shares of the company’s stock valued at $1,022,000 after buying an additional 25,360 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Commercial Metals by 3.3% in the fourth quarter. Advisors Asset Management Inc. now owns 198,061 shares of the company’s stock valued at $2,711,000 after buying an additional 6,399 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Commercial Metals by 5.7% in the fourth quarter. New York State Common Retirement Fund now owns 111,600 shares of the company’s stock valued at $1,528,000 after buying an additional 6,000 shares in the last quarter.

Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.

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