Shares of Commercial Metals Co. (NYSE:CMC) were down 2.9% during mid-day trading on Friday . The company traded as low as $15.85 and last traded at $15.86, with a volume of 438,515 shares traded. The stock had previously closed at $16.33.

A number of analysts have recently issued reports 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.79.

The stock has a market capitalization of $1.82 billion and a PE ratio of 14.45. The firm’s 50 day moving average is $16.70 and its 200 day moving average is $16.50.

Commercial Metals (NYSE:CMC) last issued its quarterly earnings data on Thursday, June 23rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The business earned $1.23 billion during the quarter. During the same period in the previous year, the company earned $0.58 EPS. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that Commercial Metals Co. will post $0.98 EPS for the current year.

In related news, Director Anthony A. Massaro sold 2,367 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $16.36, for a total value of $38,724.12. Following the completion of the sale, the director now directly owns 69,252 shares in the company, valued at $1,132,962.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of large investors have modified their holdings of the company. Mutual of America Capital Management LLC boosted its stake in shares of Commercial Metals by 2.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 78,812 shares of the company’s stock worth $1,079,000 after buying an additional 2,031 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Commercial Metals during the fourth quarter worth about $1,542,000. Advisors Asset Management Inc. boosted its stake in shares of Commercial Metals by 3.3% in the fourth quarter. Advisors Asset Management Inc. now owns 198,061 shares of the company’s stock worth $2,711,000 after buying an additional 6,399 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Commercial Metals during the fourth quarter worth about $2,758,000.

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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