Royce & Associates LP reduced its stake in shares of Commercial Metals Company (NYSE:CMC) by 9.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,423,710 shares of the company’s stock after selling 149,900 shares during the period. Royce & Associates LP’s holdings in Commercial Metals Company were worth $31,008,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CMC. LS Investment Advisors LLC boosted its stake in Commercial Metals Company by 7.6% in the third quarter. LS Investment Advisors LLC now owns 7,379 shares of the company’s stock valued at $119,000 after buying an additional 520 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Commercial Metals Company by 130.2% in the third quarter. Acrospire Investment Management LLC now owns 12,730 shares of the company’s stock valued at $206,000 after buying an additional 7,200 shares in the last quarter. Matarin Capital Management LLC bought a new stake in Commercial Metals Company during the third quarter valued at approximately $212,000. Amalgamated Bank boosted its stake in Commercial Metals Company by 10.3% in the second quarter. Amalgamated Bank now owns 14,277 shares of the company’s stock valued at $234,000 after buying an additional 1,328 shares in the last quarter. Finally, John G Ullman & Associates Inc. bought a new stake in Commercial Metals Company during the third quarter valued at approximately $238,000. 88.74% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Commercial Metals Company (NYSE:CMC)

Shares of Commercial Metals Company (NYSE:CMC) traded down 2.323% during midday trading on Friday, reaching $22.495. 594,224 shares of the company’s stock traded hands. The stock has a market cap of $2.60 billion, a P/E ratio of 73.997 and a beta of 1.38. Commercial Metals Company has a 12 month low of $13.52 and a 12 month high of $24.64. The stock has a 50 day moving average of $21.35 and a 200-day moving average of $18.84.

Commercial Metals Company (NYSE:CMC) last posted its quarterly earnings data on Monday, January 9th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Commercial Metals Company had a return on equity of 6.77% and a net margin of 0.79%. The firm had revenue of $1.08 billion for the quarter. During the same period in the previous year, the business posted $0.22 EPS. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Commercial Metals Company will post $0.86 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 17th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, January 12th. Commercial Metals Company’s dividend payout ratio (DPR) is presently 154.84%.

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Several brokerages have commented on CMC. Citigroup Inc. raised shares of Commercial Metals Company from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $16.00 to $20.00 in a research report on Wednesday, November 9th. Bank of America Corporation raised shares of Commercial Metals Company from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 9th. Jefferies Group LLC raised shares of Commercial Metals Company from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.50 to $20.00 in a research report on Wednesday, November 9th. TheStreet raised shares of Commercial Metals Company from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. Finally, Zacks Investment Research raised shares of Commercial Metals Company from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Friday, December 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.67.

In other news, VP Adam R. Hickey sold 2,085 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $20.85, for a total transaction of $43,472.25. Following the completion of the sale, the vice president now directly owns 30,835 shares in the company, valued at $642,909.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

About Commercial Metals Company

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

5 Day Chart for NYSE:CMC

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