Commercial Metals (NYSE:CMC) Director John R. Mcpherson Buys 2,475 Shares

Commercial Metals (NYSE:CMC - Get Free Report) Director John R. Mcpherson purchased 2,475 shares of Commercial Metals stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $40.42 per share, for a total transaction of $100,039.50. Following the completion of the transaction, the director now owns 15,141 shares of the company's stock, valued at approximately $611,999.22. This represents a 19.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Commercial Metals Trading Up 0.2 %

Shares of Commercial Metals stock traded up $0.08 during trading on Friday, hitting $41.93. 1,677,515 shares of the company were exchanged, compared to its average volume of 949,073. The firm has a market capitalization of $4.74 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16. The firm's fifty day moving average price is $47.01 and its 200 day moving average price is $51.89. 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 1-year low of $37.92 and a 1-year high of $64.53.

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

Commercial Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.72%. The ex-dividend date was Monday, March 31st. Commercial Metals's payout ratio is 120.00%.

Analyst Ratings Changes

A number of equities analysts have commented on CMC shares. Jefferies Financial Group reduced their price objective on Commercial Metals from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets dropped 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, March 21st. Morgan Stanley decreased their price target on shares of Commercial Metals from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. UBS Group dropped their price objective on shares of Commercial Metals from $54.00 to $49.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Finally, BNP Paribas cut Commercial Metals from an "outperform" rating to a "neutral" rating in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Commercial Metals presently has an average rating of "Hold" and a consensus price target of $60.33.

Institutional Trading of Commercial Metals

A number of hedge funds and other institutional investors have recently modified their holdings of CMC. Sovereign Financial Group Inc. raised its stake in Commercial Metals by 13.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 11,490 shares of the basic materials company's stock valued at $529,000 after acquiring an additional 1,385 shares during the period. Curat Global LLC acquired a new position in shares of Commercial Metals in the first quarter valued at $175,000. Fulton Bank N.A. raised its position in shares of Commercial Metals by 5.4% in the first quarter. Fulton Bank N.A. now owns 8,048 shares of the basic materials company's stock valued at $370,000 after purchasing an additional 413 shares during the period. NBC Securities Inc. raised its position in shares of Commercial Metals by 93,700.0% in the first quarter. NBC Securities Inc. now owns 4,690 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 4,685 shares during the period. Finally, Green Alpha Advisors LLC lifted its stake in shares of Commercial Metals by 3.0% during the 1st quarter. Green Alpha Advisors LLC now owns 20,287 shares of the basic materials company's stock worth $933,000 after buying an additional 587 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

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.