Hantz Financial Services Inc. Acquires 14,537 Shares of Commercial Metals (NYSE:CMC)

Hantz Financial Services Inc. raised its holdings in shares of Commercial Metals (NYSE:CMC - Free Report) by 92.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,205 shares of the basic materials company's stock after purchasing an additional 14,537 shares during the period. Hantz Financial Services Inc.'s holdings in Commercial Metals were worth $1,498,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CMC. Jacobs Levy Equity Management Inc. grew its stake in Commercial Metals by 122.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,245,535 shares of the basic materials company's stock worth $68,455,000 after buying an additional 686,519 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Commercial Metals by 58.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,440,531 shares of the basic materials company's stock valued at $79,172,000 after purchasing an additional 528,876 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in Commercial Metals in the 3rd quarter worth about $16,731,000. Van ECK Associates Corp grew its holdings in Commercial Metals by 204.3% in the 3rd quarter. Van ECK Associates Corp now owns 420,808 shares of the basic materials company's stock worth $21,570,000 after buying an additional 282,511 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Commercial Metals by 18.8% in the 3rd quarter. Wellington Management Group LLP now owns 714,808 shares of the basic materials company's stock valued at $39,286,000 after acquiring an additional 113,156 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CMC shares. BNP Paribas lowered Commercial Metals from an "outperform" rating to a "neutral" rating in a research report on Friday, January 3rd. BMO Capital Markets reduced their price objective on shares of Commercial Metals from $62.00 to $58.00 and set a "market perform" rating for the company in a report on Friday, January 3rd. Wolfe Research downgraded shares of Commercial Metals from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, October 9th. Morgan Stanley reduced their price target on shares of Commercial Metals from $65.00 to $56.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, UBS Group upgraded shares of Commercial Metals from a "sell" rating to a "neutral" rating and lowered their price objective for the company from $56.00 to $54.00 in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.33.

Commercial Metals Price Performance

NYSE:CMC traded up $0.31 during trading hours on Tuesday, reaching $47.95. 663,288 shares of the company's stock were exchanged, compared to its average volume of 1,119,554. The business's 50-day simple moving average is $52.91 and its two-hundred day simple moving average is $54.25. The company has a market capitalization of $5.45 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 2.49 and a beta of 1.18. The company has a quick ratio of 1.94, a current ratio of 2.76 and a debt-to-equity ratio of 0.29. Commercial Metals has a 12 month low of $45.50 and a 12 month high of $64.53.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its quarterly earnings data on Monday, January 6th. The basic materials company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. Commercial Metals had a net margin of 1.70% and a return on equity of 9.88%. The firm had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the previous year, the company posted $1.49 EPS. The company's quarterly revenue was down 4.7% compared to the same quarter last year. Sell-side analysts expect that Commercial Metals will post 3.09 EPS for the current fiscal year.

Commercial Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, January 16th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, January 16th. Commercial Metals's dividend payout ratio (DPR) is presently 64.86%.

Commercial Metals Company Profile

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.