Commercial Metals (NYSE:CMC) Shares Bought by Boston Partners

Boston Partners raised its stake in shares of Commercial Metals (NYSE:CMC - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,055,150 shares of the basic materials company's stock after acquiring an additional 243,921 shares during the period. Boston Partners owned approximately 3.57% of Commercial Metals worth $201,178,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMC. Intech Investment Management LLC grew its holdings in shares of Commercial Metals by 42.5% in the fourth quarter. Intech Investment Management LLC now owns 51,850 shares of the basic materials company's stock valued at $2,572,000 after purchasing an additional 15,458 shares in the last quarter. RD Lewis Holdings Inc. acquired a new position in shares of Commercial Metals in the fourth quarter valued at approximately $1,883,000. William Blair Investment Management LLC grew its holdings in shares of Commercial Metals by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 685,155 shares of the basic materials company's stock valued at $33,984,000 after purchasing an additional 16,828 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Commercial Metals in the fourth quarter worth approximately $286,000. Finally, Cibc World Markets Corp purchased a new position in Commercial Metals in the fourth quarter worth approximately $529,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMC has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Commercial Metals in a research note on Monday, December 2nd. They issued a "buy" rating and a $75.00 price target for the company. BMO Capital Markets decreased their price target 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. BNP Paribas downgraded shares of Commercial Metals from an "outperform" rating to a "neutral" rating in a research note on Friday, January 3rd. UBS Group upgraded shares of Commercial Metals from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $56.00 to $54.00 in a research note on Friday, January 10th. Finally, Morgan Stanley decreased their price target 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.17.

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Commercial Metals Stock Down 1.5 %

Shares of NYSE:CMC traded down $0.69 during trading on Friday, hitting $46.67. 4,747,041 shares of the company were exchanged, compared to its average volume of 863,689. The stock has a market capitalization of $5.30 billion, a P/E ratio of 42.04, a PEG ratio of 2.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.76 and a quick ratio of 1.94. Commercial Metals has a 12-month low of $42.62 and a 12-month high of $64.53. The firm's 50 day moving average price is $48.86 and its 200-day moving average price is $52.74.

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

Commercial Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a $0.18 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.72 annualized dividend and a yield of 1.54%. Commercial Metals's dividend payout ratio (DPR) is 120.00%.

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.