Counterpoint Mutual Funds LLC Takes Position in Commercial Metals (NYSE:CMC)

Counterpoint Mutual Funds LLC bought a new position in Commercial Metals (NYSE:CMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,765 shares of the basic materials company's stock, valued at approximately $286,000.

A number of other large investors have also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new position in shares of Commercial Metals during the fourth quarter valued at approximately $34,000. V Square Quantitative Management LLC increased its stake in shares of Commercial Metals by 60.7% during the fourth quarter. V Square Quantitative Management LLC now owns 707 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 267 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Commercial Metals by 22.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,646 shares of the basic materials company's stock valued at $82,000 after acquiring an additional 297 shares during the period. Amundi grew its position in Commercial Metals by 29.9% in the fourth quarter. Amundi now owns 2,189 shares of the basic materials company's stock worth $108,000 after buying an additional 504 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Commercial Metals by 56.6% in the 4th quarter. GAMMA Investing LLC now owns 2,611 shares of the basic materials company's stock worth $130,000 after purchasing an additional 944 shares during the period. Institutional investors own 86.90% of the company's stock.

Commercial Metals Stock Performance

CMC traded down $0.69 during trading on Friday, hitting $46.67. The stock had a trading volume of 4,747,041 shares, compared to its average volume of 866,372. The firm has a market cap of $5.30 billion, a PE ratio of 42.04, a P/E/G ratio of 2.62 and a beta of 1.17. Commercial Metals has a 12 month low of $42.62 and a 12 month high of $64.53. The company has a current ratio of 2.76, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $48.86 and a 200-day simple moving average of $52.72.

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Commercial Metals (NYSE:CMC - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts expect that Commercial Metals will post 3.09 EPS for the current year.

Commercial Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. Commercial Metals's payout ratio is 120.00%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CMC shares. Jefferies Financial Group decreased their price objective on shares of Commercial Metals from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Monday, January 6th. BMO Capital Markets decreased their target price on shares of Commercial Metals from $58.00 to $54.00 and set a "market perform" rating for the company in a research note on Friday. Morgan Stanley decreased their target price on shares of Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. UBS Group raised shares of Commercial Metals from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $56.00 to $54.00 in a research note on Friday, January 10th. Finally, The Goldman Sachs Group began coverage on shares of Commercial Metals in a research note on Monday, December 2nd. They issued a "buy" rating and a $75.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Commercial Metals has an average rating of "Hold" and a consensus price target of $61.17.

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.