Squarepoint Ops LLC acquired a new position in shares of Commercial Metals (NYSE:CMC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,830 shares of the basic materials company’s stock, valued at approximately $921,000.

A number of other hedge funds also recently made changes to their positions in the business. Heron Financial Group LLC grew its holdings in Commercial Metals by 5.1% during the 4th quarter. Heron Financial Group LLC now owns 18,805 shares of the basic materials company’s stock worth $436,000 after acquiring an additional 920 shares in the last quarter. Morgan Stanley lifted its position in shares of Commercial Metals by 72.9% in the 4th quarter. Morgan Stanley now owns 729,877 shares of the basic materials company’s stock worth $14,990,000 after buying an additional 307,618 shares during the last quarter. Neo Ivy Capital Management lifted its position in shares of Commercial Metals by 1,086.1% in the 4th quarter. Neo Ivy Capital Management now owns 40,730 shares of the basic materials company’s stock worth $837,000 after buying an additional 37,296 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Commercial Metals by 22.3% in the 4th quarter. Guggenheim Capital LLC now owns 328,265 shares of the basic materials company’s stock worth $6,743,000 after buying an additional 59,832 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Commercial Metals in the 4th quarter worth about $361,000. 84.15% of the stock is owned by institutional investors.

Shares of CMC opened at $31.12 on Thursday. The firm’s 50 day moving average is $28.18 and its 200-day moving average is $22.72. The stock has a market capitalization of $3.75 billion, a P/E ratio of 14.41, a P/E/G ratio of 3.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.54 and a quick ratio of 2.47. Commercial Metals has a 12-month low of $13.72 and a 12-month high of $32.43.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Wednesday, March 17th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Commercial Metals had a net margin of 4.75% and a return on equity of 16.20%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. As a group, equities research analysts forecast that Commercial Metals will post 1.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Tuesday, March 30th. Commercial Metals’s dividend payout ratio (DPR) is currently 18.18%.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Commercial Metals from a “sell” rating to a “hold” rating and set a $23.00 price target on the stock in a research report on Monday, February 15th. Smith Barney Citigroup lifted their price objective on shares of Commercial Metals from $21.00 to $22.00 in a research report on Tuesday, January 12th. Bank of America downgraded shares of Commercial Metals from a “neutral” rating to an “underperform” rating and set a $21.00 price objective on the stock. in a research report on Tuesday, January 12th. BMO Capital Markets lifted their price objective on shares of Commercial Metals from $23.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, March 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Commercial Metals from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Friday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Commercial Metals presently has an average rating of “Hold” and a consensus price target of $23.56.

In other news, CEO Barbara Smith sold 19,900 shares of Commercial Metals stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $26.98, for a total value of $536,902.00. Following the transaction, the chief executive officer now directly owns 664,073 shares of the company’s stock, valued at $17,916,689.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Tracy L. Porter sold 38,296 shares of the firm’s stock in a transaction that occurred on Tuesday, March 30th. The stock was sold at an average price of $31.32, for a total transaction of $1,199,430.72. Following the sale, the chief operating officer now owns 10 shares of the company’s stock, valued at $313.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,577 shares of company stock worth $4,178,082. 1.40% of the stock is currently owned by insiders.

Commercial Metals Profile

Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.

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

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