6,207 Shares in Commercial Metals Company $CMC Acquired by Foster & Motley Inc.

Foster & Motley Inc. purchased a new stake in shares of Commercial Metals Company (NYSE:CMC) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,207 shares of the basic materials company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMC. National Bank of Canada FI boosted its stake in Commercial Metals by 80.3% during the 1st quarter. National Bank of Canada FI now owns 548 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 244 shares in the last quarter. Signaturefd LLC boosted its stake in Commercial Metals by 51.4% during the 2nd quarter. Signaturefd LLC now owns 890 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 302 shares in the last quarter. Wayfinding Financial LLC bought a new position in Commercial Metals during the 1st quarter valued at $47,000. UMB Bank n.a. boosted its stake in Commercial Metals by 77.8% during the 2nd quarter. UMB Bank n.a. now owns 1,394 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 610 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in Commercial Metals by 17.5% during the 2nd quarter. Harbour Investments Inc. now owns 1,830 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 273 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMC. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price target (down from $57.00) on shares of Commercial Metals in a research note on Tuesday, June 24th. Zacks Research upgraded Commercial Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $57.50 price objective on Commercial Metals in a research report on Wednesday, June 25th. Wells Fargo & Company increased their price objective on Commercial Metals from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Citigroup upgraded Commercial Metals from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $65.00 in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

Commercial Metals Price Performance

Shares of NYSE:CMC opened at $57.39 on Monday. The stock has a fifty day moving average of $57.86 and a 200-day moving average of $51.50. The company has a market capitalization of $6.37 billion, a PE ratio of 75.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. Commercial Metals Company has a one year low of $37.92 and a one year high of $64.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 2.78.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, October 16th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Commercial Metals had a return on equity of 8.76% and a net margin of 1.09%.The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, equities analysts anticipate that Commercial Metals Company will post 3.09 EPS for the current fiscal year.

Commercial Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be issued a $0.18 dividend. The ex-dividend date is Thursday, October 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. Commercial Metals’s dividend payout ratio is presently 94.74%.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.