Vaughan Nelson Investment Management L.P. Purchases 27,775 Shares of Commercial Metals Company $CMC

Vaughan Nelson Investment Management L.P. lifted its position in shares of Commercial Metals Company (NYSE:CMC) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 977,385 shares of the basic materials company’s stock after buying an additional 27,775 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.88% of Commercial Metals worth $67,655,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Baron Wealth Management LLC increased its position in Commercial Metals by 6.7% during the fourth quarter. Baron Wealth Management LLC now owns 3,814 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 241 shares during the period. Exchange Traded Concepts LLC bought a new stake in Commercial Metals in the 4th quarter valued at about $93,000. Wealthcare Capital Partners LLC acquired a new position in shares of Commercial Metals during the 4th quarter worth approximately $224,000. Mayflower Financial Advisors LLC bought a new position in shares of Commercial Metals during the fourth quarter worth approximately $266,000. Finally, Castleview Partners LLC bought a new position in shares of Commercial Metals during the fourth quarter worth approximately $235,000. Institutional investors own 86.90% of the company’s stock.

Insider Transactions at Commercial Metals

In related news, Director Dennis V. Arriola purchased 2,000 shares of Commercial Metals stock in a transaction dated Tuesday, January 20th. The shares were bought at an average cost of $74.69 per share, for a total transaction of $149,380.00. Following the purchase, the director owned 9,238 shares in the company, valued at approximately $689,986.22. This trade represents a 27.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer J. Durbin sold 25,050 shares of Commercial Metals stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the sale, the insider directly owned 52,880 shares in the company, valued at $4,228,813.60. This trade represents a 32.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CMC shares. Wells Fargo & Company cut their price target on Commercial Metals from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday. Jefferies Financial Group set a $85.00 price objective on Commercial Metals and gave the stock a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. dropped their price objective on Commercial Metals from $85.00 to $83.00 and set an “overweight” rating for the company in a report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 target price on shares of Commercial Metals in a report on Tuesday, December 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Commercial Metals in a research report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Commercial Metals Stock Up 3.4%

NYSE CMC opened at $60.26 on Tuesday. The business has a fifty day moving average price of $72.31 and a two-hundred day moving average price of $66.62. The stock has a market capitalization of $6.68 billion, a PE ratio of 13.42, a PEG ratio of 0.32 and a beta of 1.47. Commercial Metals Company has a fifty-two week low of $37.92 and a fifty-two week high of $84.87. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.38 and a quick ratio of 1.55.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the firm posted $0.26 EPS. Commercial Metals’s quarterly revenue was up 21.5% on a year-over-year basis. Equities analysts expect that Commercial Metals Company will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 6th. This is a positive change from Commercial Metals’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.3%. Commercial Metals’s payout ratio is presently 16.04%.

About Commercial Metals

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.