Janus Henderson Group PLC Has $31.04 Million Holdings in Commercial Metals Company $CMC

Janus Henderson Group PLC boosted its holdings in Commercial Metals Company (NYSE:CMC) by 3.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 505,209 shares of the basic materials company’s stock after acquiring an additional 14,733 shares during the quarter. Janus Henderson Group PLC’s holdings in Commercial Metals were worth $31,037,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Qsemble Capital Management LP raised its position in Commercial Metals by 118.6% in the 4th quarter. Qsemble Capital Management LP now owns 49,885 shares of the basic materials company’s stock valued at $3,453,000 after buying an additional 27,062 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Commercial Metals by 11.5% during the 1st quarter. California Public Employees Retirement System now owns 277,877 shares of the basic materials company’s stock worth $17,070,000 after acquiring an additional 28,693 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Commercial Metals by 45.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 217,082 shares of the basic materials company’s stock worth $12,434,000 after acquiring an additional 67,864 shares in the last quarter. NFJ Investment Group LLC bought a new stake in shares of Commercial Metals in the 4th quarter worth $12,600,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of Commercial Metals in the fourth quarter valued at about $103,962,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling

In other news, CEO Peter R. Matt acquired 8,230 shares of Commercial Metals stock in a transaction on Friday, July 10th. The stock was acquired at an average cost of $61.30 per share, with a total value of $504,499.00. Following the completion of the acquisition, the chief executive officer owned 181,522 shares in the company, valued at approximately $11,127,298.60. This trade represents a 4.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Commercial Metals Stock Performance

NYSE CMC opened at $68.81 on Monday. The company has a market capitalization of $7.61 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.40 and a beta of 1.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33. Commercial Metals Company has a 52-week low of $49.66 and a 52-week high of $84.87. The company has a 50-day simple moving average of $69.95 and a 200 day simple moving average of $70.33.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis. On average, research analysts predict that Commercial Metals Company will post 6.64 EPS for the current year.

Commercial Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, July 6th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. Commercial Metals’s payout ratio is 15.07%.

Wall Street Analysts Forecast Growth

CMC has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Commercial Metals from a “buy” rating to a “buy” rating in a research report on Friday, June 5th. BMO Capital Markets reduced their target price on Commercial Metals from $80.00 to $77.00 and set a “market perform” rating for the company in a report on Monday, June 29th. Zacks Research raised Commercial Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. decreased their price target on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, Citigroup dropped their price target on Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.45.

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.